African Rainbow Minerals Price on April 2, 2024
AFBOFDelisted Stock | USD 12.20 0.00 0.00% |
If you're considering investing in African Pink Sheet, it is important to understand the factors that can impact its price. As of today, the current price of African Rainbow stands at 12.20, as last reported on the 30th of November, with the highest price reaching 12.20 and the lowest price hitting 12.20 during the day. We have found twenty-five technical indicators for African Rainbow Minerals, which you can use to evaluate the volatility of the firm. Please confirm African Rainbow's Downside Deviation of 8.48, mean deviation of 4.92, and Risk Adjusted Performance of 0.0458 to double-check if the risk estimate we provide is consistent with the expected return of 0.0%.
African Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.
African |
Sharpe Ratio = 0.0
Best Portfolio | Best Equity | |||
Good Returns | ||||
Average Returns | ||||
Small Returns | ||||
Cash | Small Risk | Average Risk | High Risk | Huge Risk |
AFBOF |
Based on monthly moving average African Rainbow 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 African Rainbow by adding African Rainbow to a well-diversified portfolio.
African Rainbow Valuation on April 2, 2024
It is possible to determine the worth of African Rainbow on a given historical date. On April 2, 2024 African was worth 8.45 at the beginning of the trading date compared to the closed value of 8.45. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of African Rainbow pink sheet. Still, in general, we apply an absolute valuation method to find African Rainbow'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 African Rainbow where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against African Rainbow's related companies.
Open | High | Low | Close | Volume | |
8.13 | 8.13 | 8.13 | 8.13 | 452.00 | |
04/02/2024 | 8.45 | 8.45 | 8.45 | 8.45 | 100.00 |
8.74 | 8.74 | 8.74 | 8.74 | 200.00 |
Backtest African Rainbow | | | African Rainbow History | | | African Rainbow Valuation | Previous | Next |
African Rainbow Trading Date Momentum on April 2, 2024
On April 04 2024 African Rainbow Minerals was traded for 8.74 at the closing time. The highest daily price throughout the period was 8.74 and the lowest price was 8.74 . The daily volume was 200. The net trading volume on 04/04/2024 added to the next day price rise. The overall trading delta to closing price of the next trading day was 3.43% . The overall trading delta to current closing price is 22.60% . |
African Rainbow Minerals Fundamentals Correlations and Trends
By evaluating African Rainbow'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 African Rainbow's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. African financial account trend analysis is a perfect complement when working with valuation or volatility modules.About African Rainbow Pink Sheet history
African Rainbow 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 African is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in African Rainbow Minerals 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 African Rainbow stock prices may prove useful in developing a viable investing in African Rainbow
African Rainbow Minerals Limited, through its subsidiaries, operates as a diversified mining and minerals company in South Africa and Malaysia. The company was founded in 1933 and is based in Sandton, South Africa. African Rainbow is traded on OTC Exchange in the United States.
African Rainbow Pink Sheet Technical Analysis
African Rainbow technical pink sheet 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, pink sheet market cycles, or different charting patterns.
Price Boundaries
African Rainbow Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
African Rainbow Minerals cannot be verified against its exchange. Please verify the symbol is currently traded on PINK 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.
African Rainbow November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how African Rainbow pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading African Rainbow shares will generate the highest return on investment. By undertsting and applying African Rainbow pink sheet market strength indicators, traders can identify African Rainbow Minerals entry and exit signals to maximize returns
African Rainbow Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for African Rainbow's price direction in advance. Along with the technical and fundamental analysis of African Pink Sheet historical price patterns, it is also worthwhile for investors to track various predictive indicators of African 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 | 0.0458 | |||
Jensen Alpha | 0.4895 | |||
Total Risk Alpha | (0.78) | |||
Sortino Ratio | 0.0209 | |||
Treynor Ratio | (0.21) |
Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
Other Consideration for investing in African Pink Sheet
If you are still planning to invest in African Rainbow Minerals check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the African Rainbow's history and understand the potential risks before investing.
Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets | |
Equity Valuation Check real value of public entities based on technical and fundamental data | |
Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. | |
Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. | |
Content Syndication Quickly integrate customizable finance content to your own investment portal | |
Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios |