SPASX Emerging (Australia) Price on November 1, 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.
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.
SPASX Emerging Valuation on November 1, 2024
It is possible to determine the worth of SPASX Emerging on a given historical date. On November 1, 2024 SPASX was worth 2325.3 at the beginning of the trading date compared to the closed value of 2317.9. 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 | |
| 2,320 | 2,331 | 2,320 | 2,325 | 417,384,416 | |
11/01/2024 | 2,325 | 2,325 | 2,302 | 2,318 | 338,426,368 |
| 2,318 | 2,321 | 2,281 | 2,288 | 377,536,800 |
| Backtest SPASX Emerging | | | SPASX Emerging History | Previous | Next |
SPASX Emerging Trading Date Momentum on November 1, 2024
| On November 04 2024 SPASX Emerging Companies was traded for 2,288 at the closing time. The highest price during the trading period was 2,321 and the lowest recorded bid was listed for 2,281 . The volume for the day was 377.5 M. This history from November 4, 2024 contributed to the next trading day price decline. The overall trading delta to the next closing price was 1.29% . The trading price change to the current price is 1.09% . |
Price Boundaries
SPASX Emerging Period Price Range
Low | December 4, 2024
| High |
0.00 | 0.00 |
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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 Performance | 0.1403 | |||
| Mean Deviation | 0.6116 | |||
| Semi Deviation | 0.455 | |||
| Downside Deviation | 0.6378 | |||
| Coefficient Of Variation | 546.24 | |||
| Standard Deviation | 0.8155 | |||
| Variance | 0.6651 | |||
| Information Ratio | 0.0441 | |||
| Total Risk Alpha | 0.0288 | |||
| Sortino Ratio | 0.0564 | |||
| Maximum Drawdown | 4.02 | |||
| Value At Risk | (0.94) | |||
| Potential Upside | 1.88 | |||
| Downside Variance | 0.4068 | |||
| Semi Variance | 0.207 | |||
| Expected Short fall | (0.74) | |||
| Skewness | 0.7552 | |||
| Kurtosis | 1.05 |
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