Arcelormittal Sa Adr Stock Price on February 8, 2024
| MT Stock | USD 25.57 0.38 1.51% |
If you're considering investing in ArcelorMittal Stock, it is important to understand the factors that can impact its stock price. As of today, the current price of ArcelorMittal stands at 25.57, as last reported on the 2nd of December, with the highest price reaching 25.70 and the lowest price hitting 25.13 during the day. ArcelorMittal SA ADR secures Sharpe Ratio (or Efficiency) of -0.0177, which signifies that the company had -0.0177% of return per unit of standard deviation over the last 3 months. Our philosophy in foreseeing the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. ArcelorMittal SA ADR exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its stock price that cannot be diversified away. Please confirm ArcelorMittal SA ADR risk adjusted performance of (0.007606), and Mean Deviation of 1.41 to double-check the risk estimate we provide.
Net Income Common Stock is likely to gain to about 10 B in 2023. Price to Book Value is likely to gain to 0.54 in 2023. Price to Earnings Ratio is likely to gain to 2.92 in 2023. ArcelorMittal Stock stock price history is provided at the adjusted basis, taking into account all of the recent filings.
ArcelorMittal |
Sharpe Ratio = -0.0177
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| Negative Returns | MT |
Estimated Market Risk
| 1.9 actual daily | 16 84% of assets are more volatile |
Expected Return
| -0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.02 actual daily | 0 Most of other assets perform better |
Based on monthly moving average ArcelorMittal 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 ArcelorMittal by adding ArcelorMittal to a well-diversified portfolio.
ArcelorMittal Valuation on February 8, 2024
It is possible to determine the worth of ArcelorMittal on a given historical date. On February 8, 2024 ArcelorMittal was worth 25.22 at the beginning of the trading date compared to the closed value of 25.57. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of ArcelorMittal stock. Still, in general, we apply an absolute valuation method to find ArcelorMittal'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 ArcelorMittal where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against ArcelorMittal's related companies.
| Open | High | Low | Close | Volume | |
| 25.06 | 25.40 | 24.93 | 25.19 | 1,819,200 | |
12/01/2023 | 25.22 | 25.70 | 25.13 | 25.57 | 1,839,944 |
| Backtest ArcelorMittal | | | ArcelorMittal History | | | ArcelorMittal Valuation | Previous |
ArcelorMittal Trading Date Momentum on February 8, 2024
| On December 01 2023 ArcelorMittal SA ADR was traded for 25.57 at the closing time. The highest price during the trading period was 25.70 and the lowest recorded bid was listed for 25.13 . The volume for the day was 1.8 M. This history from December 1, 2023 did not affect price variability. The overall trading delta to the current price is 1.37% . |
ArcelorMittal SA ADR Fundamentals Correlations and Trends
By evaluating ArcelorMittal'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 ArcelorMittal's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. ArcelorMittal financial account trend analysis is a perfect complement when working with valuation or volatility modules.About ArcelorMittal Stock history
ArcelorMittal 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 ArcelorMittal is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in ArcelorMittal SA ADR 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 ArcelorMittal stock prices may prove useful in developing a viable investing in ArcelorMittal
| Last Reported | Projected for 2023 | ||
| Weighted Average Shares | 910.9 M | 987.7 M | |
| Weighted Average Shares Diluted | 1.2 B | 1.1 B | |
| Issuance Purchase of Equity Shares | -2.9 B | -3 B |
ArcelorMittal Stock Technical Analysis
ArcelorMittal 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
ArcelorMittal Period Price Range
Low | December 1, 2023 | High |
25.22 | 25.57 |
| 0.35 | 1.39% |
ArcelorMittal December 2, 2023 Market Strength
Market strength indicators help investors to evaluate how ArcelorMittal stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ArcelorMittal shares will generate the highest return on investment. By undertsting and applying ArcelorMittal stock market strength indicators, traders can identify ArcelorMittal SA ADR entry and exit signals to maximize returns
| Accumulation Distribution | 40808.1 | |||
| Daily Balance Of Power | 0.614 | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 25.42 | |||
| Day Typical Price | 25.47 | |||
| Price Action Indicator | 0.33 |
ArcelorMittal Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for ArcelorMittal stock's direction in advance. Along with the technical and fundamental analysis of ArcelorMittal Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of ArcelorMittal 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 stock 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 | (0.007606) | |||
| Jensen Alpha | (0.041901) | |||
| Total Risk Alpha | (0.037062) | |||
| Treynor Ratio | (0.07) |
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| Volume Indicators |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in ArcelorMittal SA ADR. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Complementary Tools for ArcelorMittal Stock analysis
When running ArcelorMittal's price analysis, check to measure ArcelorMittal'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 ArcelorMittal is operating at the current time. Most of ArcelorMittal's value examination focuses on studying past and present price action to predict the probability of ArcelorMittal's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ArcelorMittal's price. Additionally, you may evaluate how the addition of ArcelorMittal to your portfolios can decrease your overall portfolio volatility.
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Is ArcelorMittal's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ArcelorMittal. If investors know ArcelorMittal will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ArcelorMittal listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of ArcelorMittal SA ADR is measured differently than its book value, which is the value of ArcelorMittal that is recorded on the company's balance sheet. Investors also form their own opinion of ArcelorMittal's value that differs from its market value or its book value, called intrinsic value, which is ArcelorMittal's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ArcelorMittal's market value can be influenced by many factors that don't directly affect ArcelorMittal's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ArcelorMittal's value and its price as these two are different measures arrived at by different means. Investors typically determine if ArcelorMittal is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ArcelorMittal's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.