Aveng (South Africa) Price on February 13, 2024
| AEG Stock | 1,158 2.00 0.17% |
If you're considering investing in Aveng Stock, it is important to understand the factors that can impact its price. As of today, the current price of Aveng stands at 1,158, as last reported on the 23rd of December, with the highest price reaching 1,179 and the lowest price hitting 1,130 during the day. Aveng appears to be very steady, given 3 months investment horizon. Aveng secures Sharpe Ratio (or Efficiency) of 0.17, which signifies that the company had a 0.17% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Aveng, which you can use to evaluate the volatility of the firm. Please makes use of Aveng's mean deviation of 1.4, and Risk Adjusted Performance of 0.1618 to double-check if our risk estimates are consistent with your expectations.
Aveng Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Aveng |
Sharpe Ratio = 0.1665
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | AEG | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 1.9 actual daily | 16 84% of assets are more volatile |
Expected Return
| 0.32 actual daily | 6 94% of assets have higher returns |
Risk-Adjusted Return
| 0.17 actual daily | 13 87% of assets perform better |
Based on monthly moving average Aveng 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 Aveng by adding it to a well-diversified portfolio.
Aveng Valuation on February 13, 2024
It is possible to determine the worth of Aveng on a given historical date. On February 13, 2024 Aveng was worth 654.0 at the beginning of the trading date compared to the closed value of 650.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Aveng stock. Still, in general, we apply an absolute valuation method to find Aveng'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 Aveng where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Aveng's related companies.
| Open | High | Low | Close | Volume | |
| 713.00 | 718.00 | 615.00 | 654.00 | 157,230 | |
02/13/2024 | 654.00 | 670.00 | 625.00 | 650.00 | 61,109 |
| 644.00 | 644.00 | 606.00 | 618.00 | 22,845 |
| Backtest Aveng | | | Aveng History | | | Aveng Valuation | Previous | Next |
Aveng Trading Date Momentum on February 13, 2024
| On February 14 2024 Aveng was traded for 618.00 at the closing time. The highest price during the trading period was 644.00 and the lowest recorded bid was listed for 606.00 . The volume for the day was 22.8 K. This history from February 14, 2024 contributed to the next trading day price decline. The overall trading delta to the next closing price was 4.92% . The overall trading delta to the current price is 11.54% . |
Aveng Fundamentals Correlations and Trends
By evaluating Aveng'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 Aveng's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Aveng financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Aveng Stock history
Aveng 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 Aveng is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Aveng 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 Aveng stock prices may prove useful in developing a viable investing in Aveng
Aveng Stock Technical Analysis
Aveng 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
Aveng Period Price Range
Low | December 23, 2024
| High |
0.00 | 0.00 |
Aveng 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.
Aveng December 23, 2024 Market Strength
Market strength indicators help investors to evaluate how Aveng stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Aveng shares will generate the highest return on investment. By undertsting and applying Aveng stock market strength indicators, traders can identify Aveng entry and exit signals to maximize returns
Aveng Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Aveng's price direction in advance. Along with the technical and fundamental analysis of Aveng Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Aveng 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 | 0.1618 | |||
| Jensen Alpha | 0.3697 | |||
| Total Risk Alpha | 0.3149 | |||
| Sortino Ratio | 0.2183 | |||
| Treynor Ratio | (8.95) |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for Aveng Stock analysis
When running Aveng's price analysis, check to measure Aveng'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 Aveng is operating at the current time. Most of Aveng's value examination focuses on studying past and present price action to predict the probability of Aveng's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aveng's price. Additionally, you may evaluate how the addition of Aveng to your portfolios can decrease your overall portfolio volatility.
| Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
| Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance |