Bytes Technology (South Africa) Price on October 18, 2024
BYI Stock | 10,399 49.00 0.47% |
If you're considering investing in Bytes Stock, it is important to understand the factors that can impact its price. As of today, the current price of Bytes Technology stands at 10,399, as last reported on the 29th of November, with the highest price reaching 10,604 and the lowest price hitting 10,380 during the day. Bytes Technology secures Sharpe Ratio (or Efficiency) of -0.0246, which signifies that the company had a -0.0246% return per unit of risk over the last 3 months. Bytes Technology exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bytes Technology's Risk Adjusted Performance of (0.02), standard deviation of 2.37, and Mean Deviation of 1.64 to double-check the risk estimate we provide.
Bytes Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Bytes |
Sharpe Ratio = -0.0246
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Estimated Market Risk
2.41 actual daily | 21 79% of assets are more volatile |
Expected Return
-0.06 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.02 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Bytes Technology 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 Bytes Technology by adding Bytes Technology to a well-diversified portfolio.
Bytes Technology Valuation on October 18, 2024
It is possible to determine the worth of Bytes Technology on a given historical date. On October 18, 2024 Bytes was worth 11469.57 at the beginning of the trading date compared to the closed value of 10942.73. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Bytes Technology stock. Still, in general, we apply an absolute valuation method to find Bytes Technology'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 Bytes Technology where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Bytes Technology's related companies.
Open | High | Low | Close | Volume | |
11,494 | 11,494 | 11,150 | 11,162 | 19,774 | |
10/18/2024 | 11,470 | 11,470 | 10,943 | 10,943 | 25,767 |
11,340 | 11,340 | 10,797 | 10,927 | 35,549 |
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Bytes Technology Trading Date Momentum on October 18, 2024
On October 21 2024 Bytes Technology was traded for 10,927 at the closing time. The highest price during the trading period was 11,340 and the lowest recorded bid was listed for 10,797 . The volume for the day was 35.5 K. This history from October 21, 2024 contributed to the next trading day price decline. The overall trading delta to the next closing price was 0.15% . The overall trading delta to the current price is 3.10% . |
Bytes Technology Fundamentals Correlations and Trends
By evaluating Bytes Technology'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 Bytes Technology's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Bytes financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Bytes Technology Stock history
Bytes Technology 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 Bytes is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Bytes Technology 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 Bytes Technology stock prices may prove useful in developing a viable investing in Bytes Technology
Bytes Technology Stock Technical Analysis
Bytes Technology 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.
Price Boundaries
Bytes Technology Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Bytes Technology 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.
Bytes Technology November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Bytes Technology stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Bytes Technology shares will generate the highest return on investment. By undertsting and applying Bytes Technology stock market strength indicators, traders can identify Bytes Technology entry and exit signals to maximize returns
Bytes Technology Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Bytes Technology's price direction in advance. Along with the technical and fundamental analysis of Bytes Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Bytes 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 | (0.02) | |||
Jensen Alpha | (0.11) | |||
Total Risk Alpha | (0.44) | |||
Treynor Ratio | (0.37) |
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Pattern Recognition | ||
Price Transform | ||
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Volume Indicators |
Complementary Tools for Bytes Stock analysis
When running Bytes Technology's price analysis, check to measure Bytes Technology'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 Bytes Technology is operating at the current time. Most of Bytes Technology's value examination focuses on studying past and present price action to predict the probability of Bytes Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bytes Technology's price. Additionally, you may evaluate how the addition of Bytes Technology to your portfolios can decrease your overall portfolio volatility.
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