Afrimat (South Africa) Price on October 9, 2024
| AFT Stock | 7,097 38.00 0.54% |
If you're considering investing in Afrimat Stock, it is important to understand the factors that can impact its price. As of today, the current price of Afrimat stands at 7,097, as last reported on the 13th of December 2024, with the highest price reaching 7,100 and the lowest price hitting 7,020 during the day. At this point, Afrimat is very steady. Afrimat secures Sharpe Ratio (or Efficiency) of 0.0772, which signifies that the company had a 0.0772% return per unit of risk over the last 3 months. We have found thirty technical indicators for Afrimat, which you can use to evaluate the volatility of the firm. Please confirm Afrimat's Mean Deviation of 1.22, risk adjusted performance of 0.0767, and Downside Deviation of 1.33 to double-check if the risk estimate we provide is consistent with the expected return of 0.12%.
Afrimat Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Afrimat |
Sharpe Ratio = 0.0772
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Estimated Market Risk
| 1.56 actual daily | 13 87% of assets are more volatile |
Expected Return
| 0.12 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.08 actual daily | 6 94% of assets perform better |
Based on monthly moving average Afrimat is performing at about 6% 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 Afrimat by adding it to a well-diversified portfolio.
Afrimat Valuation on October 9, 2024
It is possible to determine the worth of Afrimat on a given historical date. On October 9, 2024 Afrimat was worth 6500.0 at the beginning of the trading date compared to the closed value of 6512.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Afrimat stock. Still, in general, we apply an absolute valuation method to find Afrimat'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 Afrimat where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Afrimat's related companies.
| Open | High | Low | Close | Volume | |
| 6,640 | 6,711 | 6,536 | 6,536 | 305,837 | |
10/09/2024 | 6,500 | 6,605 | 6,206 | 6,512 | 1,023,711 |
| 6,550 | 6,599 | 6,463 | 6,463 | 232,055 |
| Backtest Afrimat | | | Afrimat History | | | Afrimat Valuation | Previous | Next |
Afrimat Trading Date Momentum on October 9, 2024
| On October 10 2024 Afrimat was traded for 6,463 at the closing time. The highest price during the trading period was 6,599 and the lowest recorded bid was listed for 6,463 . The volume for the day was 232.1 K. This history from October 10, 2024 contributed to the next trading day price decline. The overall trading delta to the next closing price was 0.75% . The overall trading delta to the current price is 2.20% . |
Afrimat Fundamentals Correlations and Trends
By evaluating Afrimat'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 Afrimat's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Afrimat financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Afrimat Stock history
Afrimat 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 Afrimat is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Afrimat 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 Afrimat stock prices may prove useful in developing a viable investing in Afrimat
Afrimat Stock Technical Analysis
Afrimat 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
Afrimat Period Price Range
Low | December 13, 2024
| High |
0.00 | 0.00 |
Afrimat 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.
Afrimat December 13, 2024 Market Strength
Market strength indicators help investors to evaluate how Afrimat stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Afrimat shares will generate the highest return on investment. By undertsting and applying Afrimat stock market strength indicators, traders can identify Afrimat entry and exit signals to maximize returns
Afrimat Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Afrimat's price direction in advance. Along with the technical and fundamental analysis of Afrimat Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Afrimat 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 | 0.0767 | |||
| Jensen Alpha | 0.1527 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.0313 | |||
| Treynor Ratio | (1.57) |
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| Volume Indicators |
Complementary Tools for Afrimat Stock analysis
When running Afrimat's price analysis, check to measure Afrimat'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 Afrimat is operating at the current time. Most of Afrimat's value examination focuses on studying past and present price action to predict the probability of Afrimat's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Afrimat's price. Additionally, you may evaluate how the addition of Afrimat to your portfolios can decrease your overall portfolio volatility.
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