Absa Group Ltd Stock Price on November 21, 2024
| AGRPY Stock | USD 18.84 0.33 1.72% |
If you're considering investing in Absa Pink Sheet, it is important to understand the factors that can impact its price. As of today, the current price of Absa Group stands at 18.84, as last reported on the 29th of November, with the highest price reaching 18.84 and the lowest price hitting 18.84 during the day. At this stage we consider Absa Pink Sheet to be not too volatile. Absa Group secures Sharpe Ratio (or Efficiency) of 0.0315, which signifies that the company had a 0.0315% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Absa Group Ltd, which you can use to evaluate the volatility of the firm. Please confirm Absa Group's Risk Adjusted Performance of 0.0091, mean deviation of 1.37, and Downside Deviation of 3.01 to double-check if the risk estimate we provide is consistent with the expected return of 0.0695%.
Absa Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.
Absa |
Sharpe Ratio = 0.0315
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Estimated Market Risk
| 2.21 actual daily | 19 81% of assets are more volatile |
Expected Return
| 0.07 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.03 actual daily | 2 98% of assets perform better |
Based on monthly moving average Absa Group is performing at about 2% 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 Absa Group by adding it to a well-diversified portfolio.
Absa Group Valuation on November 21, 2024
It is possible to determine the worth of Absa Group on a given historical date. On November 21, 2024 Absa was worth 19.17 at the beginning of the trading date compared to the closed value of 19.17. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Absa Group pink sheet. Still, in general, we apply an absolute valuation method to find Absa Group'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 Absa Group where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Absa Group's related companies.
| Open | High | Low | Close | Volume | |
| 18.43 | 18.43 | 18.43 | 18.43 | 1.00 | |
11/21/2024 | 19.17 | 19.17 | 19.17 | 19.17 | 640.00 |
| 19.17 | 19.17 | 19.17 | 19.17 | 25.00 |
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Absa Group Trading Date Momentum on November 21, 2024
| On November 22 2024 Absa Group Ltd was traded for 19.17 at the closing time. The highest daily price throughout the period was 19.17 and the lowest price was 19.17 . The daily volume was 25.0. The net trading volume on 11/22/2024 did not affect price variability. The overall trading delta to current closing price is 1.72% . |
Absa Group Fundamentals Correlations and Trends
By evaluating Absa Group'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 Absa Group's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Absa financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Absa Group Pink Sheet history
Absa Group 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 Absa is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Absa Group 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 Absa Group stock prices may prove useful in developing a viable investing in Absa Group
Absa Group Limited, together with its subsidiaries, provides various financial products and services in South Africa and internationally. Absa Group Limited was incorporated in 1986 and is based in Johannesburg, South Africa. ABSA GROUP operates under BanksRegional classification in the United States and is traded on OTC Exchange. It employs 35267 people.
Absa Group Pink Sheet Technical Analysis
Absa Group 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
Absa Group Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
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Absa Group November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Absa Group 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 Absa Group shares will generate the highest return on investment. By undertsting and applying Absa Group pink sheet market strength indicators, traders can identify Absa Group Ltd entry and exit signals to maximize returns
Absa Group Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Absa Group's price direction in advance. Along with the technical and fundamental analysis of Absa Pink Sheet historical price patterns, it is also worthwhile for investors to track various predictive indicators of Absa 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 | 0.0091 | |||
| Jensen Alpha | 4.0E-4 | |||
| Total Risk Alpha | (0.34) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.1015 |
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Additional Tools for Absa Pink Sheet Analysis
When running Absa Group's price analysis, check to measure Absa Group'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 Absa Group is operating at the current time. Most of Absa Group's value examination focuses on studying past and present price action to predict the probability of Absa Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Absa Group's price. Additionally, you may evaluate how the addition of Absa Group to your portfolios can decrease your overall portfolio volatility.