African Rainbow (South Africa) Price on July 24, 2024

ARI Stock   15,902  30.00  0.19%   
If you're considering investing in African Stock, it is important to understand the factors that can impact its price. As of today, the current price of African Rainbow stands at 15,902, as last reported on the 1st of December, with the highest price reaching 16,095 and the lowest price hitting 15,872 during the day. African Rainbow Minerals secures Sharpe Ratio (or Efficiency) of -0.0405, which signifies that the company had a -0.0405% return per unit of risk over the last 3 months. African Rainbow Minerals exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm African Rainbow's Mean Deviation of 1.82, risk adjusted performance of (0.05), and Standard Deviation of 2.41 to double-check the risk estimate we provide.
  
African Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0405

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Estimated Market Risk

 2.37
  actual daily
21
79% of assets are more volatile

Expected Return

 -0.1
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.04
  actual daily
0
Most of other assets perform better
Based on monthly moving average African Rainbow 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 African Rainbow by adding African Rainbow to a well-diversified portfolio.

African Rainbow Valuation on July 24, 2024

It is possible to determine the worth of African Rainbow on a given historical date. On July 24, 2024 African was worth 21466.0 at the beginning of the trading date compared to the closed value of 21770.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of African Rainbow stock. Still, in general, we apply an absolute valuation method to find African Rainbow'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 African Rainbow where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against African Rainbow's related companies.
 Open High Low Close Volume
  21,556    22,058    21,164    21,870    330,604  
07/24/2024
  21,466    22,355    21,466    21,770    829,343  
  21,466    21,666    21,140    21,654    179,937  
Backtest African Rainbow  |  African Rainbow History  |  African Rainbow Valuation   PreviousNext  
Open Value
21466.0
21,459
Downside
21770.0
Closing Value
21,473
Upside

African Rainbow Trading Date Momentum on July 24, 2024

On July 25 2024 African Rainbow Minerals was traded for  21,654  at the closing time. The highest price during the trading period was 21,666  and the lowest recorded bid was listed for  21,140 . The volume for the day was 179.9 K. This history from July 25, 2024 contributed to the next trading day price decline. The overall trading delta to the next closing price was 0.53% . The overall trading delta to the current price is 8.03% .

African Rainbow Minerals Fundamentals Correlations and Trends

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

About African Rainbow Stock history

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

African Rainbow Stock Technical Analysis

African Rainbow 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 African Rainbow technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of African Rainbow 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

African Rainbow Period Price Range

Low
December 1, 2024
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High

 0.00 

     

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African Rainbow Minerals 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.

African Rainbow December 1, 2024 Market Strength

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

African Rainbow Technical and Predictive Indicators

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

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