Harmony Gold (Argentina) Price on July 31, 2023
HMY Stock | ARS 9,940 135.00 1.34% |
If you're considering investing in Harmony Stock, it is important to understand the factors that can impact its price. As of today, the current price of Harmony Gold stands at 9,940, as last reported on the 29th of November, with the highest price reaching 10,250 and the lowest price hitting 9,730 during the day. Harmony Gold Mining holds Efficiency (Sharpe) Ratio of -0.0761, which attests that the entity had a -0.0761% return per unit of risk over the last 3 months. Harmony Gold Mining exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Harmony Gold's Market Risk Adjusted Performance of 131.53, standard deviation of 3.68, and Risk Adjusted Performance of (0.07) to validate the risk estimate we provide.
Harmony Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Harmony |
Sharpe Ratio = -0.0761
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Estimated Market Risk
3.71 actual daily | 33 67% of assets are more volatile |
Expected Return
-0.28 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.08 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Harmony Gold 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 Harmony Gold by adding Harmony Gold to a well-diversified portfolio.
Harmony Gold Valuation on July 31, 2023
It is possible to determine the worth of Harmony Gold on a given historical date. On July 31, 2023 Harmony was worth 2353.5 at the beginning of the trading date compared to the closed value of 2371.5. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Harmony Gold stock. Still, in general, we apply an absolute valuation method to find Harmony Gold'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 Harmony Gold where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Harmony Gold's related companies.
Open | High | Low | Close | Volume | |
2,280 | 2,414 | 2,280 | 2,352 | 7,688 | |
07/31/2023 | 2,354 | 2,383 | 2,320 | 2,372 | 8,932 |
2,335 | 2,335 | 2,261 | 2,276 | 27,543 |
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Harmony Gold Trading Date Momentum on July 31, 2023
On August 01 2023 Harmony Gold Mining was traded for 2,276 at the closing time. The maximum traded price for the trading interval was 2,335 and the lowest daily price was 2,261 . The daily volume was recorded at 27.5 K. The volume of trading on 1st of August 2023 played a part in the next trading day price drop. The trading delta at closing time to the next closing price was 4.01% . The trading delta at closing time to the closing price today is 1.96% . |
Harmony Gold Mining Fundamentals Correlations and Trends
By evaluating Harmony Gold'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 Harmony Gold's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Harmony financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Harmony Gold Stock history
Harmony Gold 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 Harmony is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Harmony Gold Mining 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 Harmony Gold stock prices may prove useful in developing a viable investing in Harmony Gold
Harmony Gold Stock Technical Analysis
Harmony Gold 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
Harmony Gold Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Harmony Gold Mining cannot be verified against its exchange. Please verify the symbol is currently traded on Buenos Aires 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.
Harmony Gold November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Harmony Gold stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Harmony Gold shares will generate the highest return on investment. By undertsting and applying Harmony Gold stock market strength indicators, traders can identify Harmony Gold Mining entry and exit signals to maximize returns
Harmony Gold Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Harmony Gold's price direction in advance. Along with the technical and fundamental analysis of Harmony Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Harmony 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 | (0.07) | |||
Jensen Alpha | (0.38) | |||
Total Risk Alpha | (0.94) | |||
Treynor Ratio | 131.52 |
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Volume Indicators |
Complementary Tools for Harmony Stock analysis
When running Harmony Gold's price analysis, check to measure Harmony Gold'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 Harmony Gold is operating at the current time. Most of Harmony Gold's value examination focuses on studying past and present price action to predict the probability of Harmony Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Harmony Gold's price. Additionally, you may evaluate how the addition of Harmony Gold to your portfolios can decrease your overall portfolio volatility.
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