Novelis Corp 475 Price on November 8, 2024
670001AE6 | 92.17 1.76 1.87% |
If you're considering investing in Novelis Bond, it is important to understand the factors that can impact its price. As of today, the current price of Novelis stands at 92.17, as last reported on the 16th of December 2024, with the highest price reaching 92.17 and the lowest price hitting 92.17 during the day. Novelis Corp 475 has Sharpe Ratio of -0.19, which conveys that the entity had a -0.19% return per unit of risk over the last 3 months. Novelis exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Novelis' Mean Deviation of 0.5381, risk adjusted performance of (0.03), and Standard Deviation of 1.27 to check out the risk estimate we provide.
Novelis Bond price history is provided at the adjusted basis, taking into account all of the recent filings.
Novelis |
Sharpe Ratio = -0.1908
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Estimated Market Risk
0.37 actual daily | 3 97% of assets are more volatile |
Expected Return
-0.07 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.19 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Novelis 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 Novelis by adding Novelis to a well-diversified portfolio.
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Novelis Valuation on November 8, 2024
It is possible to determine the worth of Novelis on a given historical date. On November 8, 2024 Novelis was worth 94.5 at the beginning of the trading date compared to the closed value of 94.5. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Novelis bond. Still, in general, we apply an absolute valuation method to find Novelis' 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 Novelis where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Novelis' related companies.
Open | High | Low | Close | Volume | |
94.53 | 94.53 | 94.53 | 94.53 | 1.00 | |
11/08/2024 | 94.50 | 94.50 | 94.50 | 94.50 | 1.00 |
94.14 | 94.14 | 94.14 | 94.14 | 1.00 |
Backtest Novelis | | | Novelis History | | | Novelis Valuation | Previous | Next |
Novelis Trading Date Momentum on November 8, 2024
On November 12 2024 Novelis Corp 475 was traded for 94.14 at the closing time. The highest price during the trading period was 94.14 and the lowest recorded bid was listed for 94.14 . There was no trading activity during the period 1.0. Lack of trading volume on November 12, 2024 contributed to the next trading day price decline. The trading price change to the next closing price was 0.38% . The trading delta at closing time to the current price is 0.69% . |
About Novelis Bond history
Novelis 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 Novelis is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Novelis Corp 475 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 Novelis stock prices may prove useful in developing a viable investing in Novelis
Novelis Bond Technical Analysis
Novelis technical bond 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, bond market cycles, or different charting patterns.
Price Boundaries
Novelis Period Price Range
Low | December 16, 2024
| High |
0.00 | 0.00 |
Novelis Corp 475 cannot be verified against its exchange. Please verify the symbol is currently traded on Bond 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.
Novelis December 16, 2024 Market Strength
Market strength indicators help investors to evaluate how Novelis bond reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Novelis shares will generate the highest return on investment. By undertsting and applying Novelis bond market strength indicators, traders can identify Novelis Corp 475 entry and exit signals to maximize returns
Novelis Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Novelis' price direction in advance. Along with the technical and fundamental analysis of Novelis Bond historical price patterns, it is also worthwhile for investors to track various predictive indicators of Novelis 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 | (0.03) | |||
Jensen Alpha | (0.07) | |||
Total Risk Alpha | (0.23) | |||
Treynor Ratio | (1.50) |
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Other Information on Investing in Novelis Bond
Novelis financial ratios help investors to determine whether Novelis Bond is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Novelis with respect to the benefits of owning Novelis security.