Rama Steel (India) Price on March 21, 2024
| RAMASTEEL | 12.27 0.05 0.41% |
Below is the normalized historical share price chart for Rama Steel Tubes extending back to August 24, 2015. 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 Rama Steel stands at 12.27, as last reported on the 4th of January, with the highest price reaching 12.47 and the lowest price hitting 12.22 during the day.
If you're considering investing in Rama Stock, it is important to understand the factors that can impact its price. Rama Steel Tubes maintains Sharpe Ratio (i.e., Efficiency) of -0.0529, which implies the firm had a -0.0529% return per unit of risk over the last 3 months. Rama Steel Tubes exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Rama Steel's Variance of 7.38, risk adjusted performance of (0.06), and Coefficient Of Variation of (1,264) to confirm the risk estimate we provide.
At present, Rama Steel's Common Stock Shares Outstanding is projected to increase significantly based on the last few years of reporting. The current year's Liabilities And Stockholders Equity is expected to grow to about 8.9 B, whereas Sale Purchase Of Stock is projected to grow to (248 M). . Rama Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 12.5256 | 50 Day MA 12.789 | Beta 1.018 |
Rama |
Sharpe Ratio = -0.0529
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| Negative Returns | RAMASTEEL |
Estimated Market Risk
| 2.72 actual daily | 24 76% of assets are more volatile |
Expected Return
| -0.14 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.05 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Rama Steel 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 Rama Steel by adding Rama Steel to a well-diversified portfolio.
Price Book 5.4473 | Enterprise Value Ebitda 37.1119 | Price Sales 1.9971 | Shares Float 699.1 M | Wall Street Target Price 135 |
Rama Steel Valuation on March 21, 2024
It is possible to determine the worth of Rama Steel on a given historical date. On March 21, 2024 Rama was worth 13.95 at the beginning of the trading date compared to the closed value of 14.1. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Rama Steel stock. Still, in general, we apply an absolute valuation method to find Rama Steel'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 Rama Steel where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Rama Steel's related companies.
| Open | High | Low | Close | Volume | |
| 15.15 | 15.15 | 13.15 | 13.35 | 35,203,803 | |
03/21/2024 | 13.95 | 14.65 | 13.55 | 14.10 | 48,151,794 |
| 14.05 | 14.35 | 13.25 | 13.25 | 43,209,274 |
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Rama Steel Trading Date Momentum on March 21, 2024
| On March 22 2024 Rama Steel Tubes was traded for 13.25 at the closing time. The highest price during the trading period was 14.35 and the lowest recorded bid was listed for 13.25 . The volume for the day was 43.2 M. This history from March 22, 2024 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 6.03% . The trading delta at closing time to the current price is 2.13% . |
Rama Steel Tubes Fundamentals Correlations and Trends
By evaluating Rama Steel'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 Rama Steel's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Rama financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Rama Steel Stock history
Rama Steel 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 Rama is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Rama Steel Tubes 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 Rama Steel stock prices may prove useful in developing a viable investing in Rama Steel
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 1.4 B | 1.5 B | |
| Net Income Applicable To Common Shares | 306.7 M | 322.1 M |
Rama Steel Quarterly Net Working Capital |
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Rama Steel Stock Technical Analysis
Rama Steel 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
Rama Steel Period Price Range
Low | January 4, 2025
| High |
0.00 | 0.00 |
Rama Steel Tubes 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.
Rama Steel January 4, 2025 Market Strength
Market strength indicators help investors to evaluate how Rama Steel stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Rama Steel shares will generate the highest return on investment. By undertsting and applying Rama Steel stock market strength indicators, traders can identify Rama Steel Tubes entry and exit signals to maximize returns
Rama Steel Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Rama Steel's price direction in advance. Along with the technical and fundamental analysis of Rama Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Rama 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 | (0.06) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.27) | |||
| Treynor Ratio | 1.96 |
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Complementary Tools for Rama Stock analysis
When running Rama Steel's price analysis, check to measure Rama Steel'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 Rama Steel is operating at the current time. Most of Rama Steel's value examination focuses on studying past and present price action to predict the probability of Rama Steel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rama Steel's price. Additionally, you may evaluate how the addition of Rama Steel to your portfolios can decrease your overall portfolio volatility.
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