Africa Oil Corp Stock Price on August 29, 2024
AOIFF Stock | USD 1.48 0.02 1.37% |
If you're considering investing in Africa Pink Sheet, it is important to understand the factors that can impact its price. As of today, the current price of Africa Oil stands at 1.48, as last reported on the 23rd of November, with the highest price reaching 1.49 and the lowest price hitting 1.45 during the day. Africa Oil Corp secures Sharpe Ratio (or Efficiency) of -0.006, which signifies that the company had a -0.006% return per unit of risk over the last 3 months. Africa Oil Corp exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Africa Oil's Downside Deviation of 2.77, mean deviation of 2.16, and Risk Adjusted Performance of 0.0204 to double-check the risk estimate we provide.
Africa Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.
Africa |
Sharpe Ratio = -0.006
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Estimated Market Risk
2.71 actual daily | 24 76% of assets are more volatile |
Expected Return
-0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.01 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.
Africa Oil Valuation on August 29, 2024
It is possible to determine the worth of Africa Oil on a given historical date. On August 29, 2024 Africa was worth 1.49 at the beginning of the trading date compared to the closed value of 1.5. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Africa Oil pink sheet. 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 | |
1.48 | 1.49 | 1.45 | 1.45 | 91,983 | |
08/29/2024 | 1.49 | 1.51 | 1.47 | 1.50 | 91,697 |
1.49 | 1.49 | 1.47 | 1.49 | 75,826 |
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Africa Oil Trading Date Momentum on August 29, 2024
On August 30 2024 Africa Oil Corp was traded for 1.49 at the closing time. The highest daily price throughout the period was 1.49 and the lowest price was 1.47 . The daily volume was 75.8 K. The net trading volume on 08/30/2024 added to the next day price reduction. The overall trading delta to closing price of the next trading day was 0.67% . The overall trading delta to current closing price is 0.00% . |
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 Pink Sheet 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
Africa Oil Corp., together with its subsidiaries, operates as an oil and gas exploration and development company in Kenya, Nigeria, and South Africa. Africa Oil Corp. was incorporated in 1983 and is headquartered in Vancouver, Canada. AFRICA OIL operates under Oil Gas EP classification in the United States and is traded on OTC Exchange.
Africa Oil Pink Sheet Technical Analysis
Africa Oil 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
Africa Oil Period Price Range
Low | November 23, 2024
| High |
0.00 | 0.00 |
Africa Oil Corp 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.
Africa Oil November 23, 2024 Market Strength
Market strength indicators help investors to evaluate how Africa Oil 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 Africa Oil shares will generate the highest return on investment. By undertsting and applying Africa Oil pink sheet 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 Pink Sheet 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 | 0.0204 | |||
Jensen Alpha | 0.0191 | |||
Total Risk Alpha | (0.39) | |||
Sortino Ratio | (0.03) | |||
Treynor Ratio | 0.2508 |
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Volume Indicators |
Complementary Tools for Africa Pink Sheet analysis
When running Africa Oil's price analysis, check to measure Africa Oil'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 Africa Oil is operating at the current time. Most of Africa Oil's value examination focuses on studying past and present price action to predict the probability of Africa Oil's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Africa Oil's price. Additionally, you may evaluate how the addition of Africa Oil to your portfolios can decrease your overall portfolio volatility.
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