Absa Multi (South Africa) Price on October 21, 2024
| 0P0000IR1G | 2.61 0.01 0.38% |
If you're considering investing in Absa Fund, it is important to understand the factors that can impact its price. As of today, the current price of Absa Multi stands at 2.61, as last reported on the 12th of December 2024, with the highest price reaching 2.61 and the lowest price hitting 2.61 during the day. Absa Multi is not too volatile at the moment. Absa Multi Managed secures Sharpe Ratio (or Efficiency) of 0.25, which signifies that the fund had a 0.25% return per unit of risk over the last 3 months. We have found twenty-six technical indicators for Absa Multi Managed, which you can use to evaluate the volatility of the entity. Please confirm Absa Multi's Coefficient Of Variation of 417.85, mean deviation of 0.2308, and Risk Adjusted Performance of 0.1588 to double-check if the risk estimate we provide is consistent with the expected return of 0.0752%.
Absa Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Absa |
Sharpe Ratio = 0.2522
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Estimated Market Risk
| 0.3 actual daily | 2 98% of assets are more volatile |
Expected Return
| 0.08 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.25 actual daily | 19 81% of assets perform better |
Based on monthly moving average Absa Multi is performing at about 19% 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 Absa Multi by adding it to a well-diversified portfolio.
Absa Multi Valuation on October 21, 2024
It is possible to determine the worth of Absa Multi on a given historical date. On October 21, 2024 Absa was worth 2.54 at the beginning of the trading date compared to the closed value of 2.54. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Absa Multi fund. Still, in general, we apply an absolute valuation method to find Absa Multi'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 Absa Multi where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Absa Multi's related companies.
| Open | High | Low | Close | Volume | |
| 2.54 | 2.54 | 2.54 | 2.54 | 1.00 | |
10/21/2024 | 2.54 | 2.54 | 2.54 | 2.54 | 1.00 |
| 2.54 | 2.54 | 2.54 | 2.54 | 1.00 |
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Absa Multi Trading Date Momentum on October 21, 2024
| On October 22 2024 Absa Multi Managed was traded for 2.54 at the closing time. The highest price during the trading period was 2.54 and the lowest recorded bid was listed for 2.54 . There was no trading activity during the period 1.0. Lack of trading volume on October 22, 2024 did not affect price variability. The overall trading delta to the current price is 0.39% . |
Price Boundaries
Absa Multi Period Price Range
Low | December 12, 2024
| High |
0.00 | 0.00 |
Absa Multi Managed 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.
Absa Multi December 12, 2024 Market Strength
Market strength indicators help investors to evaluate how Absa Multi fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Absa Multi shares will generate the highest return on investment. By undertsting and applying Absa Multi fund market strength indicators, traders can identify Absa Multi Managed entry and exit signals to maximize returns
Absa Multi Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Absa Multi's price direction in advance. Along with the technical and fundamental analysis of Absa Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Absa 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 | 0.1588 | |||
| Jensen Alpha | 0.0558 | |||
| Total Risk Alpha | 0.0142 | |||
| Sortino Ratio | (0.13) | |||
| Treynor Ratio | 1.18 |
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| Volume Indicators |
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