African Rainbow Minerals Price on October 16, 2023
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 28th 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, risk adjusted performance of 0.0458, and Mean Deviation of 4.92 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
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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 October 16, 2023
It is possible to determine the worth of African Rainbow on a given historical date. On October 16, 2023 African was worth 8.73 at the beginning of the trading date compared to the closed value of 8.73. 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 | |
8.09 | 8.09 | 8.09 | 8.09 | 150.00 | |
10/16/2023 | 8.73 | 8.73 | 8.73 | 8.73 | 100.00 |
8.40 | 8.40 | 8.40 | 8.40 | 237.00 |
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African Rainbow Trading Date Momentum on October 16, 2023
The event impact on price volatility cannot be determined at this time. Please check this event after some time to allow current data to be analyzed.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 28, 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 28, 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 | 0.0817 | |||
Total Risk Alpha | (0.72) | |||
Sortino Ratio | 0.0218 | |||
Treynor Ratio | 0.1644 |
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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 Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
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.
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