Drdgold Price on September 11, 2024
| DRDGFDelisted Stock | USD 0.96 0.00 0.00% |
If you're considering investing in Drdgold Pink Sheet, it is important to understand the factors that can impact its price. As of today, the current price of Drdgold stands at 0.96, as last reported on the 1st of December, with the highest price reaching 0.96 and the lowest price hitting 0.96 during the day. At this point, Drdgold is slightly risky. Drdgold secures Sharpe Ratio (or Efficiency) of 0.35, which denotes the company had a 0.35% return per unit of standard deviation over the last 3 months. We have found sixteen technical indicators for Drdgold, which you can use to evaluate the volatility of the firm. Please confirm Drdgold's Standard Deviation of 1.93, coefficient of variation of 618.06, and Mean Deviation of 0.6641 to check if the risk estimate we provide is consistent with the expected return of 0.13%.
Drdgold Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.
Drdgold |
Sharpe Ratio = 0.3536
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Estimated Market Risk
| 0.37 actual daily | 3 97% of assets are more volatile |
Expected Return
| 0.13 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.35 actual daily | 27 73% of assets perform better |
Based on monthly moving average Drdgold is performing at about 27% 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.
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Drdgold Valuation on September 11, 2024
It is possible to determine the worth of Drdgold on a given historical date. On September 11, 2024 Drdgold was worth 0.96 at the beginning of the trading date compared to the closed value of 0.96. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Drdgold pink sheet. 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 | |
| 0.95 | 0.95 | 0.95 | 0.95 | 1.00 | |
09/11/2024 | 0.96 | 0.96 | 0.96 | 0.96 | 1.00 |
| 0.96 | 0.96 | 0.96 | 0.96 | 0.00 |
| Backtest Drdgold | | | Drdgold History | | | Drdgold Valuation | Previous | Next |
Drdgold Trading Date Momentum on September 11, 2024
| On December 01 2024 Drdgold was traded for 0.96 at the closing time. The highest daily price throughout the period was 0.96 and the lowest price was 0.96 . There was no trading activity during the period 0.0. Lack of trading volume on 12/01/2024 did not affect price variability. The overall trading delta to current closing price is 0.00% . |
Drdgold 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 Pink Sheet 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 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 Limited, a gold mining company, engages in the surface gold tailings retreatment business in South Africa. DRDGOLD Limited operates as a subsidiary of Sibanye Gold Limited. Drdgold operates under Gold classification in the United States and is traded on OTC Exchange.
Drdgold Pink Sheet Technical Analysis
Drdgold technical pink sheet 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, pink sheet market cycles, or different charting patterns.
Price Boundaries
Drdgold Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
Drdgold cannot be verified against its exchange. Please verify the symbol is currently traded on PINK 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.
Drdgold December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how Drdgold pink sheet 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 pink sheet market strength indicators, traders can identify Drdgold 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 Pink Sheet 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 | 0.1297 | |||
| Jensen Alpha | 0.316 | |||
| Total Risk Alpha | (0.02) | |||
| Treynor Ratio | (2.95) |
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| Volume Indicators |
Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Other Consideration for investing in Drdgold Pink Sheet
If you are still planning to invest in Drdgold check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Drdgold's history and understand the potential risks before investing.
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