Arab Aluminum (Egypt) Price on September 4, 2024

ALUM Stock   14.24  0.32  2.20%   
If you're considering investing in Arab Stock, it is important to understand the factors that can impact its price. As of today, the current price of Arab Aluminum stands at 14.24, as last reported on the 17th of December 2024, with the highest price reaching 14.75 and the lowest price hitting 14.17 during the day. Arab Aluminum appears to be not too volatile, given 3 months investment horizon. Arab Aluminum secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Arab Aluminum, which you can use to evaluate the volatility of the firm. Please makes use of Arab Aluminum's mean deviation of 1.55, and Risk Adjusted Performance of 0.0834 to double-check if our risk estimates are consistent with your expectations.
  
Arab Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.1183

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Estimated Market Risk

 2.1
  actual daily
18
82% of assets are more volatile

Expected Return

 0.25
  actual daily
4
96% of assets have higher returns

Risk-Adjusted Return

 0.12
  actual daily
9
91% of assets perform better
Based on monthly moving average Arab Aluminum is performing at about 9% 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 Arab Aluminum by adding it to a well-diversified portfolio.

Arab Aluminum Valuation on September 4, 2024

It is possible to determine the worth of Arab Aluminum on a given historical date. On September 4, 2024 Arab was worth 13.7 at the beginning of the trading date compared to the closed value of 13.55. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Arab Aluminum stock. Still, in general, we apply an absolute valuation method to find Arab Aluminum'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 Arab Aluminum where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Arab Aluminum's related companies.
 Open High Low Close Volume
  13.40    14.02    13.40    13.70    1,007,653  
09/04/2024
  13.70    13.89    13.21    13.55    385,254  
  13.55    14.13    13.55    13.69    797,172  
Backtest Arab Aluminum  |  Arab Aluminum History  PreviousNext  
Open Value
13.7
13.55
Closing Value
20.00
Upside

Arab Aluminum Trading Date Momentum on September 4, 2024

On September 05 2024 Arab Aluminum was traded for  13.69  at the closing time. The highest price during the trading period was 14.13  and the lowest recorded bid was listed for  13.55 . The volume for the day was 797.2 K. This history from September 5, 2024 contributed to the next trading day price rise. The overall trading delta to the next closing price was 1.03% . The overall trading delta to the current price is 2.73% .

Price Boundaries

Arab Aluminum Period Price Range

Low
December 17, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Arab Aluminum cannot be verified against its exchange. Please verify the symbol is currently traded on Egyptian 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.

Arab Aluminum December 17, 2024 Market Strength

Market strength indicators help investors to evaluate how Arab Aluminum stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Arab Aluminum shares will generate the highest return on investment. By undertsting and applying Arab Aluminum stock market strength indicators, traders can identify Arab Aluminum entry and exit signals to maximize returns

Arab Aluminum Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Arab Aluminum's price direction in advance. Along with the technical and fundamental analysis of Arab Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Arab 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.

Complementary Tools for Arab Stock analysis

When running Arab Aluminum's price analysis, check to measure Arab Aluminum'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 Arab Aluminum is operating at the current time. Most of Arab Aluminum's value examination focuses on studying past and present price action to predict the probability of Arab Aluminum's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Arab Aluminum's price. Additionally, you may evaluate how the addition of Arab Aluminum to your portfolios can decrease your overall portfolio volatility.
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