Satrix 40 (South Africa) Price on November 1, 2024
| STX40 Etf | 7,652 1.00 0.01% |
If you're considering investing in Satrix Etf, it is important to understand the factors that can impact its price. As of today, the current price of Satrix 40 stands at 7,652, as last reported on the 24th of December, with the highest price reaching 7,950 and the lowest price hitting 7,601 during the day. Satrix 40 ETF owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0432, which indicates the etf had a -0.0432% return per unit of risk over the last 3 months. Satrix 40 ETF exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Satrix 40's Coefficient Of Variation of 5612.14, risk adjusted performance of 0.0135, and Semi Deviation of 0.6984 to confirm the risk estimate we provide.
Satrix Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
Satrix |
Sharpe Ratio = -0.0432
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| Negative Returns | STX40 |
Estimated Market Risk
| 0.71 actual daily | 6 94% of assets are more volatile |
Expected Return
| -0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.04 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Satrix 40 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 Satrix 40 by adding Satrix 40 to a well-diversified portfolio.
Satrix 40 Valuation on November 1, 2024
It is possible to determine the worth of Satrix 40 on a given historical date. On November 1, 2024 Satrix was worth 7990.0 at the beginning of the trading date compared to the closed value of 7862.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Satrix 40 etf. Still, in general, we apply an absolute valuation method to find Satrix 40'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 Satrix 40 where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Satrix 40's related companies.
| Open | High | Low | Close | Volume | |
| 7,850 | 7,915 | 7,767 | 7,767 | 271,751 | |
11/01/2024 | 7,990 | 7,990 | 7,770 | 7,862 | 129,205 |
| 7,875 | 7,888 | 7,818 | 7,848 | 151,677 |
| Backtest Satrix 40 | | | Satrix 40 History | Previous | Next |
Satrix 40 Trading Date Momentum on November 1, 2024
| On November 04 2024 Satrix 40 ETF was traded for 7,848 at the closing time. The highest price during the trading period was 7,888 and the lowest recorded bid was listed for 7,818 . The volume for the day was 151.7 K. This history from November 4, 2024 contributed to the next trading day price decline. The trading price change to the next closing price was 0.18% . The trading price change to the current price is 0.83% . |
Price Boundaries
Satrix 40 Period Price Range
Low | December 24, 2024
| High |
0.00 | 0.00 |
Satrix 40 ETF 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.
Satrix 40 December 24, 2024 Market Strength
Market strength indicators help investors to evaluate how Satrix 40 etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Satrix 40 shares will generate the highest return on investment. By undertsting and applying Satrix 40 etf market strength indicators, traders can identify Satrix 40 ETF entry and exit signals to maximize returns
Satrix 40 Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Satrix 40's price direction in advance. Along with the technical and fundamental analysis of Satrix Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of Satrix 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.