Absa (South Africa) Price on October 18, 2024
| ABG Stock | 19,678 51.00 0.26% |
If you're considering investing in Absa Stock, it is important to understand the factors that can impact its price. As of today, the current price of Absa stands at 19,678, as last reported on the 14th of December 2024, with the highest price reaching 19,843 and the lowest price hitting 19,440 during the day. Absa appears to be very steady, given 3 months investment horizon. Absa Group secures Sharpe Ratio (or Efficiency) of 0.18, which signifies that the company had a 0.18% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Absa Group, which you can use to evaluate the volatility of the firm. Please makes use of Absa's Risk Adjusted Performance of 0.1424, mean deviation of 0.9648, and Downside Deviation of 0.9442 to double-check if our risk estimates are consistent with your expectations.
Absa Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Absa |
Sharpe Ratio = 0.1773
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ABG | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 1.37 actual daily | 12 88% of assets are more volatile |
Expected Return
| 0.24 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.18 actual daily | 13 87% of assets perform better |
Based on monthly moving average Absa is performing at about 13% 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 Absa by adding it to a well-diversified portfolio.
Absa Valuation on October 18, 2024
It is possible to determine the worth of Absa on a given historical date. On October 18, 2024 Absa was worth 17150.0 at the beginning of the trading date compared to the closed value of 17202.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Absa stock. Still, in general, we apply an absolute valuation method to find Absa'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 Absa where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Absa's related companies.
| Open | High | Low | Close | Volume | |
| 16,900 | 17,398 | 16,900 | 17,182 | 2,467,815 | |
10/18/2024 | 17,150 | 17,339 | 17,049 | 17,202 | 1,465,005 |
| 17,130 | 17,200 | 16,885 | 16,963 | 2,541,181 |
| Backtest Absa | | | Absa History | | | Absa Valuation | Previous | Next |
Absa Trading Date Momentum on October 18, 2024
| On October 21 2024 Absa Group was traded for 16,963 at the closing time. The highest price during the trading period was 17,200 and the lowest recorded bid was listed for 16,885 . The volume for the day was 2.5 M. This history from October 21, 2024 contributed to the next trading day price decline. The overall trading delta to the next closing price was 1.39% . The overall trading delta to the current price is 2.63% . |
Absa Group Fundamentals Correlations and Trends
By evaluating Absa'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 Absa's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Absa financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Absa Stock history
Absa 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 Absa is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Absa Group 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 Absa stock prices may prove useful in developing a viable investing in Absa
Absa Stock Technical Analysis
Absa 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
Absa Period Price Range
Low | December 14, 2024
| High |
0.00 | 0.00 |
Absa Group cannot be verified against its exchange. Please verify the symbol is currently traded on Johannesburg 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.
Absa December 14, 2024 Market Strength
Market strength indicators help investors to evaluate how Absa stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Absa shares will generate the highest return on investment. By undertsting and applying Absa stock market strength indicators, traders can identify Absa Group entry and exit signals to maximize returns
Absa Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Absa's price direction in advance. Along with the technical and fundamental analysis of Absa Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Absa 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 | 0.1424 | |||
| Jensen Alpha | 0.2635 | |||
| Total Risk Alpha | 0.08 | |||
| Sortino Ratio | 0.1697 | |||
| Treynor Ratio | (1.71) |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for Absa Stock analysis
When running Absa's price analysis, check to measure Absa'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 Absa is operating at the current time. Most of Absa's value examination focuses on studying past and present price action to predict the probability of Absa's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Absa's price. Additionally, you may evaluate how the addition of Absa to your portfolios can decrease your overall portfolio volatility.
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| CEOs Directory Screen CEOs from public companies around the world | |
| Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing |