AfroCentric Investment (South Africa) Price on November 21, 2023
ACT Stock | 204.00 5.00 2.39% |
If you're considering investing in AfroCentric Stock, it is important to understand the factors that can impact its price. As of today, the current price of AfroCentric Investment stands at 204.00, as last reported on the 27th of November, with the highest price reaching 214.00 and the lowest price hitting 202.00 during the day. AfroCentric Investment secures Sharpe Ratio (or Efficiency) of -0.0768, which signifies that the company had a -0.0768% return per unit of risk over the last 3 months. AfroCentric Investment Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm AfroCentric Investment's Mean Deviation of 4.04, standard deviation of 5.73, and Risk Adjusted Performance of (0.03) to double-check the risk estimate we provide.
AfroCentric Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
AfroCentric |
Sharpe Ratio = -0.0768
Best Portfolio | Best Equity | |||
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Cash | Small Risk | Average Risk | High Risk | Huge Risk |
Negative Returns | ACT |
Estimated Market Risk
5.8 actual daily | 51 51% of assets are less volatile |
Expected Return
-0.45 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.08 actual daily | 0 Most of other assets perform better |
Based on monthly moving average AfroCentric Investment 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 AfroCentric Investment by adding AfroCentric Investment to a well-diversified portfolio.
AfroCentric Investment Valuation on November 21, 2023
It is possible to determine the worth of AfroCentric Investment on a given historical date. On November 21, 2023 AfroCentric was worth 325.0 at the beginning of the trading date compared to the closed value of 321.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of AfroCentric Investment stock. Still, in general, we apply an absolute valuation method to find AfroCentric Investment'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 AfroCentric Investment where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against AfroCentric Investment's related companies.
Open | High | Low | Close | Volume | |
330.00 | 330.00 | 327.00 | 327.00 | 100,153 | |
11/21/2023 | 325.00 | 339.00 | 315.00 | 321.00 | 415,431 |
316.00 | 316.00 | 316.00 | 316.00 | 9,482 |
Backtest AfroCentric Investment | | | AfroCentric Investment History | | | AfroCentric Investment Valuation | Previous | Next |
AfroCentric Investment Trading Date Momentum on November 21, 2023
On November 22 2023 AfroCentric Investment Corp was traded for 316.00 at the closing time. The highest price during the trading period was 316.00 and the lowest recorded bid was listed for 316.00 . The volume for the day was 9.5 K. This history from November 22, 2023 contributed to the next trading day price decline. The overall trading delta to the next closing price was 1.56% . The overall trading delta to the current price is 0.31% . |
AfroCentric Investment Fundamentals Correlations and Trends
By evaluating AfroCentric Investment'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 AfroCentric Investment's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. AfroCentric financial account trend analysis is a perfect complement when working with valuation or volatility modules.About AfroCentric Investment Stock history
AfroCentric Investment 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 AfroCentric is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in AfroCentric Investment 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 AfroCentric Investment stock prices may prove useful in developing a viable investing in AfroCentric Investment
AfroCentric Investment Stock Technical Analysis
AfroCentric Investment 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
AfroCentric Investment Period Price Range
Low | November 27, 2024
| High |
0.00 | 0.00 |
AfroCentric Investment Corp 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.
AfroCentric Investment November 27, 2024 Market Strength
Market strength indicators help investors to evaluate how AfroCentric Investment stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading AfroCentric Investment shares will generate the highest return on investment. By undertsting and applying AfroCentric Investment stock market strength indicators, traders can identify AfroCentric Investment Corp entry and exit signals to maximize returns
AfroCentric Investment Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for AfroCentric Investment's price direction in advance. Along with the technical and fundamental analysis of AfroCentric Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of AfroCentric 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 | (0.03) | |||
Jensen Alpha | (0.30) | |||
Total Risk Alpha | (1.21) | |||
Treynor Ratio | 1.94 |
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Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
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Volatility Indicators | ||
Volume Indicators |
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When running AfroCentric Investment's price analysis, check to measure AfroCentric Investment'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 AfroCentric Investment is operating at the current time. Most of AfroCentric Investment's value examination focuses on studying past and present price action to predict the probability of AfroCentric Investment's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AfroCentric Investment's price. Additionally, you may evaluate how the addition of AfroCentric Investment to your portfolios can decrease your overall portfolio volatility.
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