DRDGOLD (South Africa) Price on December 1, 2024
| DRD Stock | 1,770 17.00 0.97% |
If you're considering investing in DRDGOLD Stock, it is important to understand the factors that can impact its price. As of today, the current price of DRDGOLD stands at 1,770, as last reported on the 1st of December, with the highest price reaching 1,783 and the lowest price hitting 1,751 during the day. DRDGOLD appears to be very steady, given 3 months investment horizon. DRDGOLD Limited secures Sharpe Ratio (or Efficiency) of 0.11, which denotes the company had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for DRDGOLD Limited, which you can use to evaluate the volatility of the firm. Please utilize DRDGOLD's Coefficient Of Variation of 976.84, mean deviation of 2.08, and Downside Deviation of 2.52 to check if our risk estimates are consistent with your expectations.
DRDGOLD Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
DRDGOLD |
Sharpe Ratio = 0.1097
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Estimated Market Risk
| 2.69 actual daily | 23 77% of assets are more volatile |
Expected Return
| 0.3 actual daily | 5 95% of assets have higher returns |
Risk-Adjusted Return
| 0.11 actual daily | 8 92% of assets perform better |
Based on monthly moving average DRDGOLD is performing at about 8% 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 DRDGOLD by adding it to a well-diversified portfolio.
DRDGOLD Valuation on December 1, 2024
It is possible to determine the worth of DRDGOLD on a given historical date. On December 1, 2024 DRDGOLD was worth 1769.0 at the beginning of the trading date compared to the closed value of 1770.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of DRDGOLD stock. Still, in general, we apply an absolute valuation method to find DRDGOLD'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 DRDGOLD where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against DRDGOLD's related companies.
| Open | High | Low | Close | Volume | |
| 1,769 | 1,783 | 1,751 | 1,770 | 594,348 | |
12/01/2024 | 1,769 | 1,783 | 1,751 | 1,770 | 0.00 |
| Backtest DRDGOLD | | | DRDGOLD History | | | DRDGOLD Valuation | Previous |
DRDGOLD Trading Date Momentum on December 1, 2024
| On December 01 2024 DRDGOLD Limited was traded for 1,770 at the closing time. The highest price during the trading period was 1,783 and the lowest recorded bid was listed for 1,751 . There was no trading activity during the period 0.0. Lack of trading volume on December 1, 2024 did not affect price variability. The overall trading delta to the current price is 0.06% . |
DRDGOLD Limited Fundamentals Correlations and Trends
By evaluating DRDGOLD'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 DRDGOLD's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. DRDGOLD financial account trend analysis is a perfect complement when working with valuation or volatility modules.About DRDGOLD Stock history
DRDGOLD 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 DRDGOLD is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in DRDGOLD Limited 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 DRDGOLD stock prices may prove useful in developing a viable investing in DRDGOLD
DRDGOLD Stock Technical Analysis
DRDGOLD 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
DRDGOLD Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
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DRDGOLD December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how DRDGOLD stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading DRDGOLD shares will generate the highest return on investment. By undertsting and applying DRDGOLD stock market strength indicators, traders can identify DRDGOLD Limited entry and exit signals to maximize returns
DRDGOLD Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for DRDGOLD's price direction in advance. Along with the technical and fundamental analysis of DRDGOLD Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of DRDGOLD 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 | 0.0854 | |||
| Jensen Alpha | 0.2763 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | 0.0541 | |||
| Treynor Ratio | (2.75) |
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Complementary Tools for DRDGOLD Stock analysis
When running DRDGOLD's price analysis, check to measure DRDGOLD'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 DRDGOLD is operating at the current time. Most of DRDGOLD's value examination focuses on studying past and present price action to predict the probability of DRDGOLD's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move DRDGOLD's price. Additionally, you may evaluate how the addition of DRDGOLD to your portfolios can decrease your overall portfolio volatility.
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