NMDC (India) Price on August 20, 2024

NMDC Stock   213.15  0.97  0.45%   
If you're considering investing in NMDC Stock, it is important to understand the factors that can impact its price. As of today, the current price of NMDC stands at 213.15, as last reported on the 20th of December, with the highest price reaching 219.24 and the lowest price hitting 211.10 during the day. Currently, NMDC Limited is very steady. NMDC Limited has Sharpe Ratio of 0.0035, which conveys that the firm had a 0.0035% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for NMDC, which you can use to evaluate the volatility of the firm. Please verify NMDC's mean deviation of 1.73, and Risk Adjusted Performance of 0.0092 to check out if the risk estimate we provide is consistent with the expected return of 0.0078%.
  
NMDC Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.0035

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Estimated Market Risk

 2.23
  actual daily
19
81% of assets are more volatile

Expected Return

 0.01
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 0.0
  actual daily
0
Most of other assets perform better
Based on monthly moving average NMDC is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of NMDC by adding NMDC to a well-diversified portfolio.

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NMDC Valuation on August 20, 2024

It is possible to determine the worth of NMDC on a given historical date. On August 20, 2024 NMDC was worth 219.34 at the beginning of the trading date compared to the closed value of 223.04. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of NMDC stock. Still, in general, we apply an absolute valuation method to find NMDC's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of NMDC where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against NMDC's related companies.
 Open High Low Close Volume
  218.20    219.70    215.71    218.35    6,989,544  
08/20/2024
  219.34    223.82    218.15    223.04    9,908,370  
  223.46    225.84    220.58    221.15    10,108,460  
Backtest NMDC  |  NMDC History  |  NMDC Valuation   PreviousNext  
Open Value
219.34
212.64
Downside
223.04
Closing Value
226.04
Upside

NMDC Trading Date Momentum on August 20, 2024

On August 21 2024 NMDC Limited was traded for  221.15  at the closing time. The highest price during the trading period was 225.84  and the lowest recorded bid was listed for  220.58 . The volume for the day was 10.1 M. This history from August 21, 2024 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 0.85% . The trading delta at closing time to the current price is 0.04% .

NMDC Limited Fundamentals Correlations and Trends

By evaluating NMDC's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among NMDC's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. NMDC financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About NMDC Stock history

NMDC investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for NMDC is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in NMDC Limited will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing NMDC stock prices may prove useful in developing a viable investing in NMDC

NMDC Stock Technical Analysis

NMDC technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of NMDC technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of NMDC trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

NMDC Period Price Range

Low
December 20, 2024
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High

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NMDC Limited cannot be verified against its exchange. Please verify the symbol is currently traded on National Stock Exchange of India. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

NMDC December 20, 2024 Market Strength

Market strength indicators help investors to evaluate how NMDC stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading NMDC shares will generate the highest return on investment. By undertsting and applying NMDC stock market strength indicators, traders can identify NMDC Limited entry and exit signals to maximize returns

NMDC Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for NMDC's price direction in advance. Along with the technical and fundamental analysis of NMDC Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of NMDC to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.

Additional Tools for NMDC Stock Analysis

When running NMDC's price analysis, check to measure NMDC's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy NMDC is operating at the current time. Most of NMDC's value examination focuses on studying past and present price action to predict the probability of NMDC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NMDC's price. Additionally, you may evaluate how the addition of NMDC to your portfolios can decrease your overall portfolio volatility.