Ratnamani Metals (India) Price on November 7, 2024
| RATNAMANI | 3,280 5.05 0.15% |
Below is the normalized historical share price chart for Ratnamani Metals Tubes extending back to May 09, 2006. 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 Ratnamani Metals stands at 3,280, as last reported on the 26th of December, with the highest price reaching 3,302 and the lowest price hitting 3,230 during the day.
If you're considering investing in Ratnamani Stock, it is important to understand the factors that can impact its price. Ratnamani Metals Tubes maintains Sharpe Ratio (i.e., Efficiency) of -0.0997, which implies the firm had a -0.0997% return per unit of risk over the last 3 months. Ratnamani Metals Tubes exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Ratnamani Metals' Variance of 2.38, coefficient of variation of (951.24), and Risk Adjusted Performance of (0.08) to confirm the risk estimate we provide.
At present, Ratnamani Metals' Total Stockholder Equity 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 42.2 B, whereas Common Stock Shares Outstanding is forecasted to decline to about 76.3 M. . Ratnamani Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 3.4 K | 50 Day MA 3.5 K | Beta 0.574 |
Ratnamani |
Sharpe Ratio = -0.0997
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| Negative Returns | RATNAMANI |
Estimated Market Risk
| 1.59 actual daily | 14 86% of assets are more volatile |
Expected Return
| -0.16 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.1 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Ratnamani Metals 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 Ratnamani Metals by adding Ratnamani Metals to a well-diversified portfolio.
Price Book 6.9819 | Enterprise Value Ebitda 27.5895 | Price Sales 4.5366 | Shares Float 18.4 M | Wall Street Target Price 3.9 K |
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Ratnamani Metals Valuation on November 7, 2024
It is possible to determine the worth of Ratnamani Metals on a given historical date. On November 7, 2024 Ratnamani was worth 3695.9 at the beginning of the trading date compared to the closed value of 3672.4. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Ratnamani Metals stock. Still, in general, we apply an absolute valuation method to find Ratnamani Metals' 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 Ratnamani Metals where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Ratnamani Metals' related companies.
| Open | High | Low | Close | Volume | |
| 3,670 | 3,726 | 3,661 | 3,682 | 14,566 | |
11/07/2024 | 3,696 | 3,728 | 3,654 | 3,672 | 13,325 |
| 3,698 | 3,698 | 3,582 | 3,618 | 13,117 |
| Backtest Ratnamani Metals | | | Ratnamani Metals History | | | Ratnamani Metals Valuation | Previous | Next |
Ratnamani Metals Trading Date Momentum on November 7, 2024
| On November 08 2024 Ratnamani Metals Tubes was traded for 3,618 at the closing time. The highest price during the trading period was 3,698 and the lowest recorded bid was listed for 3,582 . The volume for the day was 13.1 K. This history from November 8, 2024 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 1.47% . The trading delta at closing time to the current price is 4.56% . |
Ratnamani Metals Tubes Fundamentals Correlations and Trends
By evaluating Ratnamani Metals' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Ratnamani Metals' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Ratnamani financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Ratnamani Metals Stock history
Ratnamani Metals 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 Ratnamani is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Ratnamani Metals 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 Ratnamani Metals stock prices may prove useful in developing a viable investing in Ratnamani Metals
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 80.6 M | 76.3 M | |
| Net Income Applicable To Common Shares | 5.9 B | 6.2 B |
Ratnamani Metals Quarterly Net Working Capital |
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Ratnamani Metals Stock Technical Analysis
Ratnamani Metals 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
Ratnamani Metals Period Price Range
Low | December 26, 2024
| High |
0.00 | 0.00 |
Ratnamani Metals 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.
Ratnamani Metals December 26, 2024 Market Strength
Market strength indicators help investors to evaluate how Ratnamani Metals stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Ratnamani Metals shares will generate the highest return on investment. By undertsting and applying Ratnamani Metals stock market strength indicators, traders can identify Ratnamani Metals Tubes entry and exit signals to maximize returns
Ratnamani Metals Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Ratnamani Metals' price direction in advance. Along with the technical and fundamental analysis of Ratnamani Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Ratnamani 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 | (0.08) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.24) | |||
| Treynor Ratio | 3.62 |
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Complementary Tools for Ratnamani Stock analysis
When running Ratnamani Metals' price analysis, check to measure Ratnamani Metals' 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 Ratnamani Metals is operating at the current time. Most of Ratnamani Metals' value examination focuses on studying past and present price action to predict the probability of Ratnamani Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ratnamani Metals' price. Additionally, you may evaluate how the addition of Ratnamani Metals to your portfolios can decrease your overall portfolio volatility.
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