Arcelormittal Sa Adr Stock Price on December 6, 2023

MT Stock  USD 26.16  0.14  0.53%   
Below is the normalized historical share price chart for ArcelorMittal SA ADR extending back to August 07, 1997. 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 ArcelorMittal stands at 26.16, as last reported on the 23rd of February, with the highest price reaching 26.61 and the lowest price hitting 26.15 during the day.
IPO Date
8th of August 1997
200 Day MA
26.0966
50 Day MA
27.4356
Beta
1.887
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
If you're considering investing in ArcelorMittal Stock, it is important to understand the factors that can impact its stock price. We consider ArcelorMittal very steady. ArcelorMittal SA ADR secures Sharpe Ratio (or Efficiency) of 0.0663, which signifies that the company had 0.0663% return per unit of standard deviation over the last 3 months. Our philosophy in foreseeing the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found twenty-nine technical indicators for ArcelorMittal SA ADR, which you can use to evaluate the future volatility of the firm. Please confirm ArcelorMittal's mean deviation of 1.17, and Risk Adjusted Performance of 0.0745 to double-check if the risk estimate we provide is consistent with the expected return of 0.12%.
  
Net Income Common Stock is likely to gain to about 11.5 B in 2024. Price to Book Value is likely to gain to 0.57 in 2024. Price to Earnings Ratio is likely to gain to 2.92 in 2024. ArcelorMittal Stock stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.0663

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Estimated Market Risk

 1.74
  actual daily
15
85% of assets are more volatile

Expected Return

 0.12
  actual daily
2
98% of assets have higher returns

Risk-Adjusted Return

 0.07
  actual daily
5
95% of assets perform better
Based on monthly moving average ArcelorMittal is performing at about 5% 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 ArcelorMittal by adding it to a well-diversified portfolio.
Price Book
0.3962
Enterprise Value Ebitda
5.7966
Price Sales
0.314
Shares Float
495.2 M
Dividend Share
0.5

ArcelorMittal Valuation on December 6, 2023

It is possible to determine the worth of ArcelorMittal on a given historical date. On December 6, 2023 ArcelorMittal was worth 25.64 at the beginning of the trading date compared to the closed value of 25.23. 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
  25.45    25.48    25.21    25.26    1,720,793  
12/06/2023
  25.64    25.73    25.20    25.23    1,222,664  
  25.42    25.54    25.32    25.52    1,445,183  
Backtest ArcelorMittal  |  ArcelorMittal History  |  ArcelorMittal Valuation   PreviousNext  
Open Value
25.64
25.23
Closing Value
30.86
Upside

ArcelorMittal Trading Date Momentum on December 6, 2023

On December 07 2023 ArcelorMittal SA ADR was traded for  25.52  at the closing time. The highest price during the trading period was 25.54  and the lowest recorded bid was listed for  25.32 . The volume for the day was 1.4 M. This history from December 7, 2023 contributed to the next trading day price appreciation. The trading delta at closing time to the next closing price was 1.15% . The overall trading delta to the current price is 12.64% .

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 ReportedProjected for 2024
Weighted Average SharesB1.1 B
Weighted Average Shares Diluted1.2 B1.1 B
Issuance Purchase of Equity Shares-2.6 B-2.7 B

ArcelorMittal Quarterly Net Working Capital

12.67 Billion

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.
A focus of ArcelorMittal technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of ArcelorMittal trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

ArcelorMittal Period Price Range

Low
December 6, 2023
High

 25.64 

  

 25.23 

-0.41-1.6%

ArcelorMittal February 23, 2024 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

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.
When determining whether ArcelorMittal SA ADR is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if ArcelorMittal Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Arcelormittal Sa Adr Stock. Highlighted below are key reports to facilitate an investment decision about Arcelormittal Sa Adr Stock:
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 employment.
You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.

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.
Quarterly Earnings Growth
(0.01)
Dividend Share
0.5
Earnings Share
1.09
Revenue Per Share
40.5435
Quarterly Revenue Growth
(0.14)
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.