SPASX Emerging (Australia) Price on September 20, 2024

AXEC Index   2,311  3.30  0.14%   
Below is the normalized historical share price chart for SPASX Emerging Companies extending back to November 17, 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 SPASX Emerging stands at 2,311, as last reported on the 4th of December, with the highest price reaching 2,320 and the lowest price hitting 2,308 during the day.
 
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If you're considering investing in SPASX Index, it is important to understand the factors that can impact its price. SPASX Emerging Companies retains Efficiency (Sharpe Ratio) of 0.19, which indicates the index had a 0.19% return per unit of risk over the last 3 months. We have found twenty-six technical indicators for SPASX Emerging, which you can use to evaluate the volatility of the index.
SPASX Index price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.1865

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Estimated Market Risk

 0.82
  actual daily
7
93% of assets are more volatile

Expected Return

 0.15
  actual daily
2
98% of assets have higher returns

Risk-Adjusted Return

 0.19
  actual daily
14
86% of assets perform better
Based on monthly moving average SPASX Emerging is performing at about 14% 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 SPASX Emerging by adding it to a well-diversified portfolio.

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Why this ASX All Ords stock is extremely undervalued right now The Motley Fool Australia

SPASX Emerging Valuation on September 20, 2024

It is possible to determine the worth of SPASX Emerging on a given historical date. On September 20, 2024 SPASX was worth 2195.1 at the beginning of the trading date compared to the closed value of 2208.5. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of SPASX Emerging index. Still, in general, we apply an absolute valuation method to find SPASX Emerging'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 SPASX Emerging where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against SPASX Emerging's related companies.
 Open High Low Close Volume
  2,153    2,197    2,153    2,195    286,721,696  
09/20/2024
  2,195    2,218    2,195    2,208    905,365,376  
  2,208    2,221    2,206    2,218    388,379,808  
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Open Value
2195.1
2208.5
Closing Value
2,198
Upside

SPASX Emerging Trading Date Momentum on September 20, 2024

On September 23 2024 SPASX Emerging Companies was traded for  2,218  at the closing time. The highest price during the trading period was 2,221  and the lowest recorded bid was listed for  2,206 . The volume for the day was 388.4 M. This history from September 23, 2024 contributed to the next trading day price boost. The overall trading delta to the next closing price was 0.43% . The trading price change to the current price is 4.36% .

Price Boundaries

SPASX Emerging Period Price Range

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December 4, 2024
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SPASX Emerging Companies cannot be verified against its exchange. Please verify the symbol is currently traded on INDX. 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.

SPASX Emerging December 4, 2024 Market Strength

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

SPASX Emerging Technical Drivers

SPASX Emerging December 4, 2024 Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for SPASX Emerging's price direction in advance. Along with the technical and fundamental analysis of SPASX Index historical price patterns, it is also worthwhile for investors to track various predictive indicators of SPASX 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 Performance0.1403
Mean Deviation0.6116
Semi Deviation0.455
Downside Deviation0.6378
Coefficient Of Variation546.24
Standard Deviation0.8155
Variance0.6651
Information Ratio0.0441
Total Risk Alpha0.0288
Sortino Ratio0.0564
Maximum Drawdown4.02
Value At Risk(0.94)
Potential Upside1.88
Downside Variance0.4068
Semi Variance0.207
Expected Short fall(0.74)
Skewness0.7552
Kurtosis1.05
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