DRA Global (South Africa) Price on February 20, 2024
| DRA Stock | 2,201 174.00 7.33% |
If you're considering investing in DRA Stock, it is important to understand the factors that can impact its price. As of today, the current price of DRA Global stands at 2,201, as last reported on the 27th of December, with the highest price reaching 2,201 and the lowest price hitting 2,201 during the day. At this point, DRA Global is very steady. DRA Global retains Efficiency (Sharpe Ratio) of 0.0273, which denotes the company had a 0.0273% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for DRA Global, which you can use to evaluate the volatility of the firm. Please confirm DRA Global's Coefficient Of Variation of 3776.77, market risk adjusted performance of (0.29), and Downside Deviation of 4.93 to check if the risk estimate we provide is consistent with the expected return of 0.0815%.
DRA Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
DRA |
Sharpe Ratio = 0.0273
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | DRA | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 2.98 actual daily | 26 74% of assets are more volatile |
Expected Return
| 0.08 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.03 actual daily | 2 98% of assets perform better |
Based on monthly moving average DRA Global is performing at about 2% 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 DRA Global by adding it to a well-diversified portfolio.
DRA Global Valuation on February 20, 2024
It is possible to determine the worth of DRA Global on a given historical date. On February 20, 2024 DRA was worth 2100.0 at the beginning of the trading date compared to the closed value of 2100.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of DRA Global stock. Still, in general, we apply an absolute valuation method to find DRA Global'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 DRA Global where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against DRA Global's related companies.
| Open | High | Low | Close | Volume | |
| 1,826 | 1,826 | 1,825 | 1,825 | 12,995 | |
02/20/2024 | 2,100 | 2,100 | 2,100 | 2,100 | 3,614 |
| 2,100 | 2,100 | 2,100 | 2,100 | 1.00 |
| Backtest DRA Global | | | DRA Global History | | | DRA Global Valuation | Previous | Next |
DRA Global Trading Date Momentum on February 20, 2024
| On February 21 2024 DRA Global was traded for 2,100 at the closing time. The highest price during the trading period was 2,100 and the lowest recorded bid was listed for 2,100 . There was no trading activity during the period 1.0. Lack of trading volume on February 21, 2024 did not affect price variability. The overall trading delta to the current price is 4.76% . |
DRA Global Fundamentals Correlations and Trends
By evaluating DRA Global'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 DRA Global's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. DRA financial account trend analysis is a perfect complement when working with valuation or volatility modules.About DRA Global Stock history
DRA Global 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 DRA is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in DRA Global 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 DRA Global stock prices may prove useful in developing a viable investing in DRA Global
DRA Global Stock Technical Analysis
DRA Global 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
DRA Global Period Price Range
Low | December 27, 2024
| High |
0.00 | 0.00 |
DRA Global 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.
DRA Global December 27, 2024 Market Strength
Market strength indicators help investors to evaluate how DRA Global stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading DRA Global shares will generate the highest return on investment. By undertsting and applying DRA Global stock market strength indicators, traders can identify DRA Global entry and exit signals to maximize returns
DRA Global Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for DRA Global's price direction in advance. Along with the technical and fundamental analysis of DRA Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of DRA 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 | 0.0283 | |||
| Jensen Alpha | 0.0762 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.0047 | |||
| Treynor Ratio | (0.30) |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for DRA Stock analysis
When running DRA Global's price analysis, check to measure DRA Global'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 DRA Global is operating at the current time. Most of DRA Global's value examination focuses on studying past and present price action to predict the probability of DRA Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move DRA Global's price. Additionally, you may evaluate how the addition of DRA Global to your portfolios can decrease your overall portfolio volatility.
| Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
| Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
| Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments | |
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
| AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities | |
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
| Content Syndication Quickly integrate customizable finance content to your own investment portal |