ABSA Bank (South Africa) Price on November 6, 2023
| ABSP Stock | 86,800 300.00 0.35% |
If you're considering investing in ABSA Stock, it is important to understand the factors that can impact its price. As of today, the current price of ABSA Bank stands at 86,800, as last reported on the 1st of December, with the highest price reaching 87,000 and the lowest price hitting 86,800 during the day. Currently, ABSA Bank Limited is very steady. ABSA Bank Limited secures Sharpe Ratio (or Efficiency) of 0.0879, which signifies that the company had a 0.0879% return per unit of risk over the last 3 months. We have found thirty technical indicators for ABSA Bank Limited, which you can use to evaluate the volatility of the entity. Please confirm ABSA Bank's Coefficient Of Variation of 1104.0, semi deviation of 0.9444, and Mean Deviation of 0.7335 to double-check if the risk estimate we provide is consistent with the expected return of 0.0974%.
ABSA Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
ABSA |
Sharpe Ratio = 0.0879
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Estimated Market Risk
| 1.11 actual daily | 9 91% of assets are more volatile |
Expected Return
| 0.1 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.09 actual daily | 6 94% of assets perform better |
Based on monthly moving average ABSA Bank is performing at about 6% 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 Bank by adding it to a well-diversified portfolio.
ABSA Bank Valuation on November 6, 2023
It is possible to determine the worth of ABSA Bank on a given historical date. On November 6, 2023 ABSA was worth 74999.0 at the beginning of the trading date compared to the closed value of 74834.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of ABSA Bank stock. Still, in general, we apply an absolute valuation method to find ABSA Bank'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 Bank where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against ABSA Bank's related companies.
| Open | High | Low | Close | Volume | |
| 74,100 | 74,997 | 74,100 | 74,990 | 924.00 | |
11/06/2023 | 74,999 | 74,999 | 73,607 | 74,834 | 6,381 |
| 73,501 | 74,000 | 73,200 | 73,995 | 2,185 |
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ABSA Bank Trading Date Momentum on November 6, 2023
| On November 07 2023 ABSA Bank Limited was traded for 73,995 at the closing time. The highest price during the trading period was 74,000 and the lowest recorded bid was listed for 73,200 . The volume for the day was 2.2 K. This history from November 7, 2023 contributed to the next trading day price decline. The overall trading delta to the next closing price was 1.12% . The overall trading delta to the current price is 0.85% . |
ABSA Bank Limited Fundamentals Correlations and Trends
By evaluating ABSA Bank'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 ABSA Bank's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. ABSA financial account trend analysis is a perfect complement when working with valuation or volatility modules.About ABSA Bank Stock history
ABSA Bank 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 ABSA is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in ABSA Bank Limited 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 ABSA Bank stock prices may prove useful in developing a viable investing in ABSA Bank
ABSA Bank Stock Technical Analysis
ABSA Bank 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
ABSA Bank Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
ABSA Bank Limited 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 Bank December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how ABSA Bank stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ABSA Bank shares will generate the highest return on investment. By undertsting and applying ABSA Bank stock market strength indicators, traders can identify ABSA Bank Limited entry and exit signals to maximize returns
ABSA Bank Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for ABSA Bank's price direction in advance. Along with the technical and fundamental analysis of ABSA Stock 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 | 0.0723 | |||
| Jensen Alpha | 0.0994 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (1.17) |
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Additional Tools for ABSA Stock Analysis
When running ABSA Bank's price analysis, check to measure ABSA Bank'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 ABSA Bank is operating at the current time. Most of ABSA Bank's value examination focuses on studying past and present price action to predict the probability of ABSA Bank's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ABSA Bank's price. Additionally, you may evaluate how the addition of ABSA Bank to your portfolios can decrease your overall portfolio volatility.