Sumeet Industries (India) Price on March 6, 2024
| SUMEETINDS | 97.80 0.00 0.00% |
Below is the normalized historical share price chart for Sumeet Industries Limited extending back to December 10, 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 Sumeet Industries stands at 97.80, as last reported on the 20th of December, with the highest price reaching 97.80 and the lowest price hitting 97.80 during the day.
If you're considering investing in Sumeet Stock, it is important to understand the factors that can impact its price. Sumeet Industries is out of control given 3 months investment horizon. Sumeet Industries owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates the firm had a 0.13% return per unit of risk over the last 3 months. We were able to interpolate eighteen different technical indicators, which can help you to evaluate if expected returns of 16.55% are justified by taking the suggested risk. Use Sumeet Industries Coefficient Of Variation of 792.12, risk adjusted performance of 0.1102, and Variance of 52245.75 to evaluate company specific risk that cannot be diversified away.
As of now, Sumeet Industries' Liabilities And Stockholders Equity is decreasing as compared to previous years. The Sumeet Industries' current Other Stockholder Equity is estimated to increase to about 895.4 M, while Total Stockholder Equity is forecasted to increase to (1.7 B). . Sumeet Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 67.192 | 50 Day MA 89.992 | Beta 0.232 |
Sumeet |
Sharpe Ratio = 0.1304
| Best Portfolio | Best Equity | SUMEETINDS | ||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 126.95 actual daily | 96 96% of assets are less volatile |
Expected Return
| 5.01 actual daily | 96 96% of assets have lower returns |
Risk-Adjusted Return
| 0.13 actual daily | 10 90% of assets perform better |
Based on monthly moving average Sumeet Industries is performing at about 10% of its full potential. 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 Sumeet Industries by adding it to a well-diversified portfolio.
Price Book 0.2539 | Book Value (340.96) | Enterprise Value 5.1 B | Enterprise Value Ebitda (22.27) | Price Sales 0.0511 |
Sumeet Industries Valuation on March 6, 2024
It is possible to determine the worth of Sumeet Industries on a given historical date. On March 6, 2024 Sumeet was worth 3.65 at the beginning of the trading date compared to the closed value of 3.45. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Sumeet Industries stock. Still, in general, we apply an absolute valuation method to find Sumeet 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 Sumeet Industries where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Sumeet Industries' related companies.
| Open | High | Low | Close | Volume | |
| 3.55 | 3.70 | 3.50 | 3.60 | 83,809 | |
03/06/2024 | 3.65 | 3.65 | 3.45 | 3.45 | 53,156 |
| 3.45 | 3.50 | 3.30 | 3.35 | 170,445 |
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Sumeet Industries Trading Date Momentum on March 6, 2024
| On March 07 2024 Sumeet Industries Limited was traded for 3.35 at the closing time. The highest price during the trading period was 3.50 and the lowest recorded bid was listed for 3.30 . The volume for the day was 170.4 K. This history from March 7, 2024 contributed to the next trading day price decline. The trading price change to the next closing price was 2.90% . The trading price change to the current price is 13.04% . |
Sumeet Industries Fundamentals Correlations and Trends
By evaluating Sumeet 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 Sumeet Industries' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Sumeet financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Sumeet Industries Stock history
Sumeet 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 Sumeet is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Sumeet 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 Sumeet Industries stock prices may prove useful in developing a viable investing in Sumeet Industries
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 119.2 M | 84.2 M | |
| Net Loss | -528.5 M | -502.1 M |
Sumeet Industries Stock Technical Analysis
Sumeet 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.
Price Boundaries
Sumeet Industries Period Price Range
Low | December 20, 2024
| High |
0.00 | 0.00 |
Sumeet 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.
Sumeet Industries December 20, 2024 Market Strength
Market strength indicators help investors to evaluate how Sumeet 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 Sumeet Industries shares will generate the highest return on investment. By undertsting and applying Sumeet Industries stock market strength indicators, traders can identify Sumeet Industries Limited entry and exit signals to maximize returns
Sumeet Industries Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Sumeet Industries' price direction in advance. Along with the technical and fundamental analysis of Sumeet Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Sumeet 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 | 0.1102 | |||
| Jensen Alpha | 29.68 | |||
| Total Risk Alpha | 22.1 | |||
| Treynor Ratio | (0.81) |
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Complementary Tools for Sumeet Stock analysis
When running Sumeet Industries' price analysis, check to measure Sumeet 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 Sumeet Industries is operating at the current time. Most of Sumeet Industries' value examination focuses on studying past and present price action to predict the probability of Sumeet Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sumeet Industries' price. Additionally, you may evaluate how the addition of Sumeet Industries to your portfolios can decrease your overall portfolio volatility.
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