Afrimat (South Africa) Price on May 21, 2024

AFT Stock   6,025  162.00  2.76%   
If you're considering investing in Afrimat Stock, it is important to understand the factors that can impact its price. As of today, the current price of Afrimat stands at 6,025, as last reported on the 7th of March, with the highest price reaching 6,060 and the lowest price hitting 5,841 during the day. Afrimat secures Sharpe Ratio (or Efficiency) of -0.12, which signifies that the company had a -0.12 % return per unit of risk over the last 3 months. Afrimat exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Afrimat's Standard Deviation of 1.63, mean deviation of 1.21, and Risk Adjusted Performance of (0.09) to double-check the risk estimate we provide.
  
Afrimat Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.1221

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Estimated Market Risk

 1.63
  actual daily
14
86% of assets are more volatile

Expected Return

 -0.2
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.12
  actual daily
0
Most of other assets perform better
Based on monthly moving average Afrimat 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 Afrimat by adding Afrimat to a well-diversified portfolio.

Afrimat Valuation on May 21, 2024

It is possible to determine the worth of Afrimat on a given historical date. On May 21, 2024 Afrimat was worth 6873.0 at the beginning of the trading date compared to the closed value of 6782.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Afrimat stock. Still, in general, we apply an absolute valuation method to find Afrimat'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 Afrimat where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Afrimat's related companies.
 Open High Low Close Volume
  6,856    6,994    6,803    6,933    263,274  
05/21/2024
  6,873    6,988    6,781    6,782    241,597  
  6,820    6,939    6,798    6,846    248,609  
Backtest Afrimat  |  Afrimat History  |  Afrimat Valuation PreviousNext  
Open Value
6873.0
6782.0
Closing Value
6,878
Upside

Afrimat Trading Date Momentum on May 21, 2024

On May 22 2024 Afrimat was traded for  6,846  at the closing time. The highest price during the trading period was 6,939  and the lowest recorded bid was listed for  6,798 . The volume for the day was 248.6 K. This history from May 22, 2024 contributed to the next trading day price growth. The overall trading delta to the next closing price was 0.94% . The overall trading delta to the current price is 2.01% .
JavaScript chart by amCharts 3.21.1505/21/2024May 13May 15May 17May 19May 21May 23May 25May 27May 29May 316,5006,6006,7006,8006,900

Afrimat Fundamentals Correlations and Trends

By evaluating Afrimat'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 Afrimat's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Afrimat financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Afrimat Stock history

Afrimat 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 Afrimat is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Afrimat 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 Afrimat stock prices may prove useful in developing a viable investing in Afrimat

Afrimat Stock Technical Analysis

Afrimat 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.
A focus of Afrimat technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Afrimat trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Afrimat Period Price Range

Low
March 7, 2025
0.00  NaN%
High

 0.00 

     

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Afrimat 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.

Afrimat March 7, 2025 Market Strength

Market strength indicators help investors to evaluate how Afrimat stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Afrimat shares will generate the highest return on investment. By undertsting and applying Afrimat stock market strength indicators, traders can identify Afrimat entry and exit signals to maximize returns

Afrimat Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Afrimat's price direction in advance. Along with the technical and fundamental analysis of Afrimat Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Afrimat 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.

Complementary Tools for Afrimat Stock analysis

When running Afrimat's price analysis, check to measure Afrimat'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 Afrimat is operating at the current time. Most of Afrimat's value examination focuses on studying past and present price action to predict the probability of Afrimat's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Afrimat's price. Additionally, you may evaluate how the addition of Afrimat to your portfolios can decrease your overall portfolio volatility.
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