Australian Dollar (Australia) Price on October 1, 2024
| AXY Index | 59.70 0.20 0.33% |
Below is the normalized historical share price chart for Australian Dollar Currency extending back to April 01, 2009. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Australian Dollar stands at 59.70, as last reported on the 28th of December, with the highest price reaching 59.70 and the lowest price hitting 59.70 during the day.
If you're considering investing in Australian Index, it is important to understand the factors that can impact its price. Australian Dollar secures Sharpe Ratio (or Efficiency) of -0.2, which signifies that the index had a -0.2% return per unit of risk over the last 3 months. Australian Dollar Currency exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Australian Index price history is provided at the adjusted basis, taking into account all of the recent filings.
Sharpe Ratio = -0.205
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | AXY |
Estimated Market Risk
| 0.39 actual daily | 3 97% of assets are more volatile |
Expected Return
| -0.08 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.2 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Australian Dollar is not performing at its full potential. However, 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 Australian Dollar by adding Australian Dollar to a well-diversified portfolio.
Australian Dollar Valuation on October 1, 2024
It is possible to determine the worth of Australian Dollar on a given historical date. On October 1, 2024 Australian was worth 63.1 at the beginning of the trading date compared to the closed value of 63.1. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Australian Dollar index. Still, in general, we apply an absolute valuation method to find Australian Dollar'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 Australian Dollar where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Australian Dollar's related companies.
| Open | High | Low | Close | Volume | |
| 62.80 | 62.80 | 62.80 | 62.80 | 1.00 | |
10/01/2024 | 63.10 | 63.10 | 63.10 | 63.10 | 1.00 |
| 62.70 | 62.70 | 62.70 | 62.70 | 1.00 |
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Australian Dollar Trading Date Momentum on October 1, 2024
| On October 02 2024 Australian Dollar Currency was traded for 62.70 at the closing time. The highest price during the trading period was 62.70 and the lowest recorded bid was listed for 62.70 . There was no trading activity during the period 1.0. Lack of trading volume on October 2, 2024 contributed to the next trading day price decline. The overall trading delta to the next closing price was 0.63% . The overall trading delta to the current price is 1.11% . |
Price Boundaries
Australian Dollar Period Price Range
Low | December 28, 2024
| High |
0.00 | 0.00 |
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Australian Dollar December 28, 2024 Market Strength
Market strength indicators help investors to evaluate how Australian Dollar index reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Australian Dollar shares will generate the highest return on investment. By undertsting and applying Australian Dollar index market strength indicators, traders can identify Australian Dollar Currency entry and exit signals to maximize returns
Australian Dollar Technical Drivers
Australian Dollar December 28, 2024 Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Australian Dollar's price direction in advance. Along with the technical and fundamental analysis of Australian Index historical price patterns, it is also worthwhile for investors to track various predictive indicators of Australian 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 | (0.13) | |||
| Mean Deviation | 0.2894 | |||
| Coefficient Of Variation | (690.59) | |||
| Standard Deviation | 0.389 | |||
| Variance | 0.1513 | |||
| Information Ratio | (0.23) | |||
| Total Risk Alpha | (0.08) | |||
| Maximum Drawdown | 2.29 | |||
| Value At Risk | (0.65) | |||
| Potential Upside | 0.4777 | |||
| Skewness | 0.6918 | |||
| Kurtosis | 2.75 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |