Abans Finance (Sri Lanka) Price on August 27, 2024
| AFSLN0000 | LKR 24.00 0.10 0.42% |
If you're considering investing in Abans Stock, it is important to understand the factors that can impact its price. As of today, the current price of Abans Finance stands at 24.00, as last reported on the 29th of November, with the highest price reaching 24.00 and the lowest price hitting 24.00 during the day. Abans Finance appears to be somewhat reliable, given 3 months investment horizon. Abans Finance PLC secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of standard deviation over the last 3 months. By analyzing Abans Finance's technical indicators, you can evaluate if the expected return of 0.5% is justified by implied risk. Please makes use of Abans Finance's risk adjusted performance of 0.0667, and Mean Deviation of 2.37 to double-check if our risk estimates are consistent with your expectations.
Abans Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Abans |
Sharpe Ratio = 0.126
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Estimated Market Risk
| 3.97 actual daily | 35 65% of assets are more volatile |
Expected Return
| 0.5 actual daily | 9 91% of assets have higher returns |
Risk-Adjusted Return
| 0.13 actual daily | 9 91% of assets perform better |
Based on monthly moving average Abans Finance is performing at about 9% 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 Abans Finance by adding it to a well-diversified portfolio.
Abans Finance Valuation on August 27, 2024
It is possible to determine the worth of Abans Finance on a given historical date. On August 27, 2024 Abans was worth 20.9 at the beginning of the trading date compared to the closed value of 20.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Abans Finance stock. Still, in general, we apply an absolute valuation method to find Abans Finance'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 Abans Finance where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Abans Finance's related companies.
| Open | High | Low | Close | Volume | |
| 20.40 | 20.40 | 19.70 | 20.00 | 18,869 | |
08/27/2024 | 20.90 | 20.90 | 20.00 | 20.00 | 2.00 |
| 20.90 | 20.90 | 20.00 | 20.00 | 213.00 |
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Abans Finance Trading Date Momentum on August 27, 2024
| On August 28 2024 Abans Finance PLC was traded for 20.00 at the closing time. The highest price during the trading period was 20.90 and the lowest recorded bid was listed for 20.00 . The volume for the day was 213. This history from August 28, 2024 did not affect price variability. The overall trading delta to the current price is 5.00% . |
About Abans Finance Stock history
Abans Finance 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 Abans is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Abans Finance PLC 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 Abans Finance stock prices may prove useful in developing a viable investing in Abans Finance
Abans Finance Stock Technical Analysis
Abans Finance 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
Abans Finance Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Abans Finance PLC cannot be verified against its exchange. Please verify the symbol is currently traded on Colombo Stock 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.
Abans Finance November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Abans Finance stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Abans Finance shares will generate the highest return on investment. By undertsting and applying Abans Finance stock market strength indicators, traders can identify Abans Finance PLC entry and exit signals to maximize returns
Abans Finance Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Abans Finance's price direction in advance. Along with the technical and fundamental analysis of Abans Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Abans 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 | 0.0667 | |||
| Jensen Alpha | 0.1665 | |||
| Total Risk Alpha | (0.28) | |||
| Sortino Ratio | 0.0339 | |||
| Treynor Ratio | 0.293 |
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Complementary Tools for Abans Stock analysis
When running Abans Finance's price analysis, check to measure Abans Finance'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 Abans Finance is operating at the current time. Most of Abans Finance's value examination focuses on studying past and present price action to predict the probability of Abans Finance's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Abans Finance's price. Additionally, you may evaluate how the addition of Abans Finance to your portfolios can decrease your overall portfolio volatility.
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