Africa Oil Corp Stock Price on October 3, 2024
| AOI Stock | CAD 1.96 0.01 0.51% |
Below is the normalized historical share price chart for Africa Oil Corp extending back to January 04, 1996. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Africa Oil stands at 1.96, as last reported on the 28th of November, with the highest price reaching 1.98 and the lowest price hitting 1.95 during the day.
If you're considering investing in Africa Stock, it is important to understand the factors that can impact its price. Africa Oil Corp secures Sharpe Ratio (or Efficiency) of -0.005, which signifies that the company had a -0.005% return per unit of risk over the last 3 months. Africa Oil Corp exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Africa Oil's insignificant Risk Adjusted Performance, mean deviation of 1.95, and Standard Deviation of 2.61 to double-check the risk estimate we provide.
As of the 28th of November 2024, Total Stockholder Equity is likely to drop to about 493.4 M. In addition to that, Common Stock Total Equity is likely to drop to about 1.1 B. At this time, Africa Oil's Price Earnings Ratio is very stable compared to the past year. As of the 28th of November 2024, Price Book Value Ratio is likely to grow to 1.07, though Price Earnings To Growth Ratio is likely to grow to (39.63). Africa Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 2.1911 | 50 Day MA 1.8402 | Beta 1.273 |
Africa |
Sharpe Ratio = -0.005
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| Negative Returns | AOI |
Estimated Market Risk
| 2.64 actual daily | 23 77% of assets are more volatile |
Expected Return
| -0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.0 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Africa Oil 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 Africa Oil by adding Africa Oil to a well-diversified portfolio.
Price Book 1.1318 | Enterprise Value Ebitda 7.8299 | Price Sales 6.1596 | Shares Float 351.3 M | Wall Street Target Price 2.19 |
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Africa Oil Valuation on October 3, 2024
It is possible to determine the worth of Africa Oil on a given historical date. On October 3, 2024 Africa was worth 1.79 at the beginning of the trading date compared to the closed value of 1.84. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Africa Oil stock. Still, in general, we apply an absolute valuation method to find Africa Oil'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 Africa Oil where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Africa Oil's related companies.
| Open | High | Low | Close | Volume | |
| 1.81 | 1.83 | 1.75 | 1.79 | 491,600 | |
10/03/2024 | 1.79 | 1.87 | 1.79 | 1.84 | 790,300 |
| 1.87 | 1.88 | 1.84 | 1.84 | 171,600 |
| Backtest Africa Oil | | | Africa Oil History | | | Africa Oil Valuation | Previous | Next |
Africa Oil Trading Date Momentum on October 3, 2024
| On October 04 2024 Africa Oil Corp was traded for 1.84 at the closing time. The maximum traded price for the trading interval was 1.88 and the lowest daily price was 1.84 . The daily volume was recorded at 171.6 K. The volume of trading on 4th of October 2024 did not affect price variability. The overall trading delta to the closing price today is 3.26% . |
Africa Oil Corp Fundamentals Correlations and Trends
By evaluating Africa Oil'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 Africa Oil's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Africa financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Africa Oil Stock history
Africa Oil 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 Africa is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Africa Oil Corp 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 Africa Oil stock prices may prove useful in developing a viable investing in Africa Oil
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 472.9 M | 245 M | |
| Net Loss | -69.3 M | -72.8 M |
Africa Oil Stock Technical Analysis
Africa Oil 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
Africa Oil Period Price Range
Low | November 28, 2024
| High |
0.00 | 0.00 |
Africa Oil Corp cannot be verified against its exchange. Please verify the symbol is currently traded on Toronto 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.
Africa Oil November 28, 2024 Market Strength
Market strength indicators help investors to evaluate how Africa Oil stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Africa Oil shares will generate the highest return on investment. By undertsting and applying Africa Oil stock market strength indicators, traders can identify Africa Oil Corp entry and exit signals to maximize returns
Africa Oil Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Africa Oil's price direction in advance. Along with the technical and fundamental analysis of Africa Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Africa 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) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.44) | |||
| Treynor Ratio | 0.4353 |
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Other Information on Investing in Africa Stock
Africa Oil financial ratios help investors to determine whether Africa Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Africa with respect to the benefits of owning Africa Oil security.