Amex Advancing Stocks Index Price on October 2, 2024
| ASHU Index | 2,304 93.00 4.21% |
Below is the normalized historical share price chart for AMEX Advancing Stocks extending back to November 09, 2009. 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 AMEX Advancing stands at 2,304, as last reported on the 23rd of November, with the highest price reaching 2,318 and the lowest price hitting 1,081 during the day.
If you're considering investing in AMEX Index, it is important to understand the factors that can impact its price. AMEX Advancing Stocks secures Sharpe Ratio (or Efficiency) of 0.31, which signifies that the index had a 0.31% return per unit of risk over the last 3 months. We have analyze and collected data for twenty-seven different technical indicators, which can help you to evaluate if expected returns of 34.02% are justified by taking the suggested risk. AMEX Index price history is provided at the adjusted basis, taking into account all of the recent filings.
Sharpe Ratio = 0.3123
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Estimated Market Risk
| 108.94 actual daily | 96 96% of assets are less volatile |
Expected Return
| 5.01 actual daily | 96 96% of assets have lower returns |
Risk-Adjusted Return
| 0.31 actual daily | 24 76% of assets perform better |
Based on monthly moving average AMEX Advancing is performing at about 24% 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 AMEX Advancing by adding it to a well-diversified portfolio.
AMEX Advancing Valuation on October 2, 2024
It is possible to determine the worth of AMEX Advancing on a given historical date. On October 2, 2024 AMEX was worth 100.0 at the beginning of the trading date compared to the closed value of 1392.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of AMEX Advancing index. Still, in general, we apply an absolute valuation method to find AMEX Advancing'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 AMEX Advancing where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against AMEX Advancing's related companies.
| Open | High | Low | Close | Volume | |
| 14.00 | 1,089 | 14.00 | 1,040 | 1.00 | |
10/02/2024 | 100.00 | 1,440 | 100.00 | 1,392 | 1.00 |
| 7.00 | 706.00 | 7.00 | 582.00 | 1.00 |
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AMEX Advancing Trading Date Momentum on October 2, 2024
| On October 03 2024 AMEX Advancing Stocks was traded for 582.00 at the closing time. The highest price during the trading period was 706.00 and the lowest recorded bid was listed for 7.00 . There was no trading activity during the period 1.0. Lack of trading volume on October 3, 2024 contributed to the next trading day price decline. The overall trading delta to the next closing price was 58.19% . The overall trading delta to the current price is 97.99% . |
Price Boundaries
AMEX Advancing Period Price Range
Low | November 23, 2024
| High |
0.00 | 0.00 |
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AMEX Advancing November 23, 2024 Market Strength
Market strength indicators help investors to evaluate how AMEX Advancing index reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading AMEX Advancing shares will generate the highest return on investment. By undertsting and applying AMEX Advancing index market strength indicators, traders can identify AMEX Advancing Stocks entry and exit signals to maximize returns
AMEX Advancing Technical Drivers
AMEX Advancing November 23, 2024 Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for AMEX Advancing's price direction in advance. Along with the technical and fundamental analysis of AMEX Index historical price patterns, it is also worthwhile for investors to track various predictive indicators of AMEX 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 | 0.2614 | |||
| Mean Deviation | 91.52 | |||
| Semi Deviation | 40.19 | |||
| Downside Deviation | 44.03 | |||
| Coefficient Of Variation | 305.03 | |||
| Standard Deviation | 120.31 | |||
| Variance | 14475.47 | |||
| Information Ratio | 0.3267 | |||
| Total Risk Alpha | 20.49 | |||
| Sortino Ratio | 0.8928 | |||
| Maximum Drawdown | 528.46 | |||
| Value At Risk | (69.01) | |||
| Potential Upside | 282.95 | |||
| Downside Variance | 1939.01 | |||
| Semi Variance | 1615.57 | |||
| Expected Short fall | (141.87) | |||
| Skewness | 1.68 | |||
| Kurtosis | 2.48 |
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