Artistic Denim (Pakistan) Price on November 5, 2024
| ADMM Stock | 47.06 0.11 0.23% |
If you're considering investing in Artistic Stock, it is important to understand the factors that can impact its price. As of today, the current price of Artistic Denim stands at 47.06, as last reported on the 29th of December, with the highest price reaching 48.20 and the lowest price hitting 46.50 during the day. Artistic Denim appears to be very steady, given 3 months investment horizon. Artistic Denim Mills 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 Artistic Denim Mills, which you can use to evaluate the volatility of the firm. Please makes use of Artistic Denim's Downside Deviation of 2.45, mean deviation of 1.53, and Risk Adjusted Performance of 0.0937 to double-check if our risk estimates are consistent with your expectations.
Artistic Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Artistic |
Sharpe Ratio = 0.1765
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Estimated Market Risk
| 1.9 actual daily | 16 84% of assets are more volatile |
Expected Return
| 0.34 actual daily | 6 94% of assets have higher returns |
Risk-Adjusted Return
| 0.18 actual daily | 13 87% of assets perform better |
Based on monthly moving average Artistic Denim 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 Artistic Denim by adding it to a well-diversified portfolio.
Artistic Denim Valuation on November 5, 2024
It is possible to determine the worth of Artistic Denim on a given historical date. On November 5, 2024 Artistic was worth 40.5 at the beginning of the trading date compared to the closed value of 40.34. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Artistic Denim stock. Still, in general, we apply an absolute valuation method to find Artistic Denim'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 Artistic Denim where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Artistic Denim's related companies.
| Open | High | Low | Close | Volume | |
| 40.84 | 40.84 | 39.62 | 40.00 | 13,315 | |
11/05/2024 | 40.50 | 40.50 | 39.66 | 40.34 | 25,423 |
| 40.70 | 40.70 | 40.10 | 40.47 | 19,678 |
| Backtest Artistic Denim | | | Artistic Denim History | | | Artistic Denim Valuation | Previous | Next |
Artistic Denim Trading Date Momentum on November 5, 2024
| On November 06 2024 Artistic Denim Mills was traded for 40.47 at the closing time. The highest price during the trading period was 40.70 and the lowest recorded bid was listed for 40.10 . The volume for the day was 19.7 K. This history from November 6, 2024 contributed to the next trading day price jump. The overall trading delta to the next closing price was 0.32% . The overall trading delta to the current price is 6.54% . |
About Artistic Denim Stock history
Artistic Denim 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 Artistic is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Artistic Denim Mills 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 Artistic Denim stock prices may prove useful in developing a viable investing in Artistic Denim
Artistic Denim Stock Technical Analysis
Artistic Denim 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
Artistic Denim Period Price Range
Low | December 29, 2024
| High |
0.00 | 0.00 |
Artistic Denim Mills cannot be verified against its exchange. Please verify the symbol is currently traded on Karachi Stock 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.
Artistic Denim December 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Artistic Denim stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Artistic Denim shares will generate the highest return on investment. By undertsting and applying Artistic Denim stock market strength indicators, traders can identify Artistic Denim Mills entry and exit signals to maximize returns
Artistic Denim Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Artistic Denim's price direction in advance. Along with the technical and fundamental analysis of Artistic Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Artistic 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 | 0.0937 | |||
| Jensen Alpha | 0.2394 | |||
| Total Risk Alpha | 0.175 | |||
| Sortino Ratio | 0.0881 | |||
| Treynor Ratio | (4.39) |
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| Statistic Functions | ||
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| Volume Indicators |
Complementary Tools for Artistic Stock analysis
When running Artistic Denim's price analysis, check to measure Artistic Denim'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 Artistic Denim is operating at the current time. Most of Artistic Denim's value examination focuses on studying past and present price action to predict the probability of Artistic Denim's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Artistic Denim's price. Additionally, you may evaluate how the addition of Artistic Denim to your portfolios can decrease your overall portfolio volatility.
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