Companhia Siderurgica Nacional Stock Price on November 15, 2024
SID Stock | USD 1.44 0.03 2.04% |
If you're considering investing in Companhia Stock, it is important to understand the factors that can impact its price. As of today, the current price of Companhia Siderurgica stands at 1.44, as last reported on the 27th of December, with the highest price reaching 1.47 and the lowest price hitting 1.41 during the day. Companhia Siderurgica secures Sharpe Ratio (or Efficiency) of -0.26, which signifies that the company had a -0.26% return per unit of risk over the last 3 months. Companhia Siderurgica Nacional exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Companhia Siderurgica's Risk Adjusted Performance of (0.20), standard deviation of 2.91, and Mean Deviation of 2.28 to double-check the risk estimate we provide.
Companhia Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Companhia |
Sharpe Ratio = -0.2611
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Estimated Market Risk
2.91 actual daily | 25 75% of assets are more volatile |
Expected Return
-0.76 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.26 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Companhia Siderurgica 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 Companhia Siderurgica by adding Companhia Siderurgica to a well-diversified portfolio.
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Companhia Siderurgica Valuation on November 15, 2024
It is possible to determine the worth of Companhia Siderurgica on a given historical date. On November 15, 2024 Companhia was worth 1.89 at the beginning of the trading date compared to the closed value of 1.92. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Companhia Siderurgica stock. Still, in general, we apply an absolute valuation method to find Companhia Siderurgica'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 Companhia Siderurgica where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Companhia Siderurgica's related companies.
Open | High | Low | Close | Volume | |
1.86 | 1.92 | 1.85 | 1.87 | 3,254,456 | |
11/15/2024 | 1.89 | 1.94 | 1.86 | 1.92 | 1,615,220 |
1.94 | 2.03 | 1.94 | 2.00 | 2,398,079 |
Backtest Companhia Siderurgica | | | Companhia Siderurgica History | | | Companhia Siderurgica Valuation | Previous | Next |
Companhia Siderurgica Trading Date Momentum on November 15, 2024
On November 18 2024 Companhia Siderurgica Nacional was traded for 2.00 at the closing time. Highest Companhia Siderurgica's price during the trading hours was 2.03 and the lowest price during the day was 1.94 . The net volume was 2.4 M. The overall trading history on the 18th of November 2024 contributed to the next trading period price growth. The trading price change to the next next day price was 4.17% . The overall trading delta to current price is 4.17% . |
Companhia Siderurgica Fundamentals Correlations and Trends
By evaluating Companhia Siderurgica'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 Companhia Siderurgica's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Companhia financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Companhia Siderurgica Stock history
Companhia Siderurgica 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 Companhia is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Companhia Siderurgica 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 Companhia Siderurgica stock prices may prove useful in developing a viable investing in Companhia Siderurgica
Companhia Siderrgica Nacional operates as an integrated steel producer in Brazil and Latin America. Companhia Siderrgica Nacional operates as a subsidiary of Vicunha Aos S.A. Companhia Siderurgica operates under Steel classification in the United States and is traded on New York Stock Exchange. It employs 24687 people.
Companhia Siderurgica Stock Technical Analysis
Companhia Siderurgica 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
Companhia Siderurgica Period Price Range
Low | December 27, 2024
| High |
0.00 | 0.00 |
Companhia Siderurgica Nacional cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock Exchange. 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.
Companhia Siderurgica December 27, 2024 Market Strength
Market strength indicators help investors to evaluate how Companhia Siderurgica stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Companhia Siderurgica shares will generate the highest return on investment. By undertsting and applying Companhia Siderurgica stock market strength indicators, traders can identify Companhia Siderurgica Nacional entry and exit signals to maximize returns
Companhia Siderurgica Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Companhia Siderurgica's price direction in advance. Along with the technical and fundamental analysis of Companhia Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Companhia 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 | (0.20) | |||
Jensen Alpha | (0.77) | |||
Total Risk Alpha | (0.85) | |||
Treynor Ratio | (3.15) |
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Complementary Tools for Companhia Stock analysis
When running Companhia Siderurgica's price analysis, check to measure Companhia Siderurgica'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 Companhia Siderurgica is operating at the current time. Most of Companhia Siderurgica's value examination focuses on studying past and present price action to predict the probability of Companhia Siderurgica's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Companhia Siderurgica's price. Additionally, you may evaluate how the addition of Companhia Siderurgica to your portfolios can decrease your overall portfolio volatility.
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