Deneb Investments (South Africa) Price on November 19, 2024
| DNB Stock | 240.00 19.00 7.34% |
If you're considering investing in Deneb Stock, it is important to understand the factors that can impact its price. As of today, the current price of Deneb Investments stands at 240.00, as last reported on the 29th of November, with the highest price reaching 240.00 and the lowest price hitting 240.00 during the day. At this point, Deneb Investments is very steady. Deneb Investments secures Sharpe Ratio (or Efficiency) of 0.0347, which denotes the company had a 0.0347% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Deneb Investments, which you can use to evaluate the volatility of the firm. Please confirm Deneb Investments' Downside Deviation of 4.44, coefficient of variation of 1126.74, and Mean Deviation of 1.22 to check if the risk estimate we provide is consistent with the expected return of 0.08%.
Deneb Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Deneb |
Sharpe Ratio = 0.0347
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| Cash | Small Risk | DNB | High Risk | Huge Risk |
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Estimated Market Risk
| 2.31 actual daily | 20 80% of assets are more volatile |
Expected Return
| 0.08 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.03 actual daily | 2 98% of assets perform better |
Based on monthly moving average Deneb Investments is performing at about 2% 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 Deneb Investments by adding it to a well-diversified portfolio.
Deneb Investments Valuation on November 19, 2024
It is possible to determine the worth of Deneb Investments on a given historical date. On November 19, 2024 Deneb was worth 260.0 at the beginning of the trading date compared to the closed value of 260.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Deneb Investments stock. Still, in general, we apply an absolute valuation method to find Deneb Investments' 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 Deneb Investments where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Deneb Investments' related companies.
| Open | High | Low | Close | Volume | |
| 241.00 | 259.00 | 241.00 | 259.00 | 2,534 | |
11/19/2024 | 260.00 | 260.00 | 259.00 | 260.00 | 685.00 |
| 259.00 | 259.00 | 259.00 | 259.00 | 729.00 |
| Backtest Deneb Investments | | | Deneb Investments History | | | Deneb Investments Valuation | Previous | Next |
Deneb Investments Trading Date Momentum on November 19, 2024
| On November 20 2024 Deneb Investments was traded for 259.00 at the closing time. The highest price during the trading period was 259.00 and the lowest recorded bid was listed for 259.00 . The volume for the day was 729. This history from November 20, 2024 contributed to the next trading day price decline. The overall trading delta to the next closing price was 0.38% . The overall trading delta to the current price is 7.69% . |
Deneb Investments Fundamentals Correlations and Trends
By evaluating Deneb Investments' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Deneb Investments' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Deneb financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Deneb Investments Stock history
Deneb Investments 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 Deneb is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Deneb Investments 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 Deneb Investments stock prices may prove useful in developing a viable investing in Deneb Investments
Deneb Investments Stock Technical Analysis
Deneb Investments 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
Deneb Investments Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Deneb Investments 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.
Deneb Investments November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Deneb Investments stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Deneb Investments shares will generate the highest return on investment. By undertsting and applying Deneb Investments stock market strength indicators, traders can identify Deneb Investments entry and exit signals to maximize returns
Deneb Investments Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Deneb Investments' price direction in advance. Along with the technical and fundamental analysis of Deneb Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Deneb 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 | 0.075 | |||
| Jensen Alpha | 0.1663 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | 0.0229 | |||
| Treynor Ratio | 0.4925 |
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Complementary Tools for Deneb Stock analysis
When running Deneb Investments' price analysis, check to measure Deneb Investments' 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 Deneb Investments is operating at the current time. Most of Deneb Investments' value examination focuses on studying past and present price action to predict the probability of Deneb Investments' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Deneb Investments' price. Additionally, you may evaluate how the addition of Deneb Investments to your portfolios can decrease your overall portfolio volatility.
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