Prakash Steelage (India) Price on February 6, 2024
| PRAKASHSTL | 8.08 0.13 1.58% |
Below is the normalized historical share price chart for Prakash Steelage Limited extending back to August 25, 2010. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Prakash Steelage stands at 8.08, as last reported on the 29th of December, with the highest price reaching 8.41 and the lowest price hitting 8.06 during the day.
If you're considering investing in Prakash Stock, it is important to understand the factors that can impact its price. Prakash Steelage maintains Sharpe Ratio (i.e., Efficiency) of -0.0587, which implies the firm had a -0.0587% return per unit of risk over the last 3 months. Prakash Steelage exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Prakash Steelage's Variance of 7.58, coefficient of variation of (2,515), and Risk Adjusted Performance of (0.02) to confirm the risk estimate we provide.
As of now, Prakash Steelage's Total Stockholder Equity is decreasing as compared to previous years. The Prakash Steelage's current Common Stock Shares Outstanding is estimated to increase to about 187.8 M, while Liabilities And Stockholders Equity is projected to decrease to under 383.4 M. . Prakash Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 8.7868 | 50 Day MA 8.4924 | Beta 0.819 |
Prakash |
Sharpe Ratio = -0.0587
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| Negative Returns | PRAKASHSTL |
Estimated Market Risk
| 2.78 actual daily | 24 76% of assets are more volatile |
Expected Return
| -0.16 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.06 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Prakash Steelage 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 Prakash Steelage by adding Prakash Steelage to a well-diversified portfolio.
Price Book 17.5215 | Book Value 0.441 | Enterprise Value 1.4 B | Enterprise Value Ebitda 3.8196 | Price Sales 1.5178 |
Prakash Steelage Valuation on February 6, 2024
It is possible to determine the worth of Prakash Steelage on a given historical date. On February 6, 2024 Prakash was worth 10.8 at the beginning of the trading date compared to the closed value of 10.8. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Prakash Steelage stock. Still, in general, we apply an absolute valuation method to find Prakash Steelage'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 Prakash Steelage where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Prakash Steelage's related companies.
| Open | High | Low | Close | Volume | |
| 11.00 | 11.00 | 11.00 | 11.00 | 255,600 | |
02/06/2024 | 10.80 | 10.80 | 10.80 | 10.80 | 138,818 |
| 10.60 | 10.60 | 10.60 | 10.60 | 198,246 |
| Backtest Prakash Steelage | | | Prakash Steelage History | | | Prakash Steelage Valuation | Previous | Next |
Prakash Steelage Trading Date Momentum on February 6, 2024
| On February 07 2024 Prakash Steelage Limited was traded for 10.60 at the closing time. The highest price during the trading period was 10.60 and the lowest recorded bid was listed for 10.60 . The volume for the day was 198.2 K. This history from February 7, 2024 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 1.85% . The trading delta at closing time to the current price is 14.35% . |
Prakash Steelage Fundamentals Correlations and Trends
By evaluating Prakash Steelage'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 Prakash Steelage's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Prakash financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Prakash Steelage Stock history
Prakash Steelage 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 Prakash is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Prakash Steelage 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 Prakash Steelage stock prices may prove useful in developing a viable investing in Prakash Steelage
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 175 M | 187.8 M | |
| Net Income Applicable To Common Shares | 47.7 M | 50.1 M |
Prakash Steelage Stock Technical Analysis
Prakash Steelage 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.
Price Boundaries
Prakash Steelage Period Price Range
Low | December 29, 2024
| High |
0.00 | 0.00 |
Prakash Steelage 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.
Prakash Steelage December 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Prakash Steelage stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Prakash Steelage shares will generate the highest return on investment. By undertsting and applying Prakash Steelage stock market strength indicators, traders can identify Prakash Steelage Limited entry and exit signals to maximize returns
Prakash Steelage Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Prakash Steelage's price direction in advance. Along with the technical and fundamental analysis of Prakash Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Prakash 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.
| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | (0.26) |
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| Volume Indicators |
Complementary Tools for Prakash Stock analysis
When running Prakash Steelage's price analysis, check to measure Prakash Steelage'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 Prakash Steelage is operating at the current time. Most of Prakash Steelage's value examination focuses on studying past and present price action to predict the probability of Prakash Steelage's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Prakash Steelage's price. Additionally, you may evaluate how the addition of Prakash Steelage to your portfolios can decrease your overall portfolio volatility.
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