Praj Industries (India) Price on May 8, 2023

PRAJIND Stock   738.70  42.85  5.48%   
If you're considering investing in Praj Stock, it is important to understand the factors that can impact its price. As of today, the current price of Praj Industries stands at 738.70, as last reported on the 11th of January 2025, with the highest price reaching 791.85 and the lowest price hitting 731.50 during the day. Praj Industries maintains Sharpe Ratio (i.e., Efficiency) of -0.0063, which implies the firm had a -0.0063% return per unit of risk over the last 3 months. Praj Industries exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Praj Industries' Risk Adjusted Performance of 0.002, coefficient of variation of (15,813), and Variance of 8.74 to confirm the risk estimate we provide.
  
Praj Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0063

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Estimated Market Risk

 2.96
  actual daily
26
74% of assets are more volatile

Expected Return

 -0.02
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.01
  actual daily
0
Most of other assets perform better
Based on monthly moving average Praj Industries 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 Praj Industries by adding Praj Industries to a well-diversified portfolio.

Praj Industries Valuation on May 8, 2023

It is possible to determine the worth of Praj Industries on a given historical date. On May 8, 2023 Praj was worth 351.84 at the beginning of the trading date compared to the closed value of 356.45. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Praj Industries stock. Still, in general, we apply an absolute valuation method to find Praj Industries' 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 Praj Industries where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Praj Industries' related companies.
 Open High Low Close Volume
  355.57    357.33    347.52    349.83    339,205  
05/08/2023
  351.84    361.89    349.78    356.45    590,882  
  356.45    360.77    352.43    354.00    351,641  
Backtest Praj Industries  |  Praj Industries History  |  Praj Industries Valuation   PreviousNext  
Open Value
351.84
342.97
Downside
356.45
Closing Value
360.71
Upside

Praj Industries Trading Date Momentum on May 8, 2023

On May 09 2023 Praj Industries Limited was traded for  354.00  at the closing time. The highest price during the trading period was 360.77  and the lowest recorded bid was listed for  352.43 . The volume for the day was 351.6 K. This history from May 9, 2023 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 0.69% . The trading delta at closing time to the current price is 3.27% .

Praj Industries Fundamentals Correlations and Trends

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

About Praj Industries Stock history

Praj Industries 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 Praj is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Praj Industries 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 Praj Industries stock prices may prove useful in developing a viable investing in Praj Industries

Praj Industries Stock Technical Analysis

Praj Industries 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 Praj Industries technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Praj Industries 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

Praj Industries Period Price Range

Low
January 11, 2025
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High

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Praj Industries 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.

Praj Industries January 11, 2025 Market Strength

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

Praj Industries Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Praj Industries' price direction in advance. Along with the technical and fundamental analysis of Praj Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Praj 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.

Complementary Tools for Praj Stock analysis

When running Praj Industries' price analysis, check to measure Praj Industries' 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 Praj Industries is operating at the current time. Most of Praj Industries' value examination focuses on studying past and present price action to predict the probability of Praj Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Praj Industries' price. Additionally, you may evaluate how the addition of Praj Industries to your portfolios can decrease your overall portfolio volatility.
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