Satrix 40 (South Africa) Price on December 6, 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 Risk Adjusted Performance of 0.0135, semi deviation of 0.6984, and Coefficient Of Variation of 5612.14 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.

Sharpe Ratio = -0.0432

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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 December 6, 2024

It is possible to determine the worth of Satrix 40 on a given historical date. On December 6, 2024 Satrix was worth 7871.0 at the beginning of the trading date compared to the closed value of 7883.0. 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
  7,810    7,918    7,771    7,871    110,448  
12/06/2024
  7,871    7,935    7,850    7,883    113,920  
  7,912    7,968    7,829    7,937    118,616  
Backtest Satrix 40  |  Satrix 40 History  PreviousNext  
Open Value
7871.0
7883.0
Closing Value
7,873
Upside

Satrix 40 Trading Date Momentum on December 6, 2024

On December 09 2024 Satrix 40 ETF was traded for  7,937  at the closing time. The highest price during the trading period was 7,968  and the lowest recorded bid was listed for  7,829 . The volume for the day was 118.6 K. This history from December 9, 2024 contributed to the next trading day price surge. The trading price change to the next closing price was 0.69% . The trading price change to the current price is 0.42% .

Price Boundaries

Satrix 40 Period Price Range

Low
December 24, 2024
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High

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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.