Danakali Stock Price on September 6, 2024
SBMSF Stock | USD 0.16 0.00 0.00% |
If you're considering investing in Danakali Pink Sheet, it is important to understand the factors that can impact its price. As of today, the current price of Danakali stands at 0.16, as last reported on the 1st of December, with the highest price reaching 0.16 and the lowest price hitting 0.16 during the day. Danakali secures Sharpe Ratio (or Efficiency) of -0.0637, which denotes the company had a -0.0637% return per unit of risk over the last 3 months. Danakali exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Danakali's Coefficient Of Variation of 2224.2, downside deviation of 12.42, and Mean Deviation of 5.7 to check the risk estimate we provide.
Danakali Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.
Danakali |
Sharpe Ratio = -0.0637
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Estimated Market Risk
4.34 actual daily | 38 62% of assets are more volatile |
Expected Return
-0.28 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.06 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Danakali 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 Danakali by adding Danakali to a well-diversified portfolio.
Danakali Valuation on September 6, 2024
It is possible to determine the worth of Danakali on a given historical date. On September 6, 2024 Danakali was worth 0.19 at the beginning of the trading date compared to the closed value of 0.18. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Danakali pink sheet. Still, in general, we apply an absolute valuation method to find Danakali'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 Danakali where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Danakali's related companies.
Open | High | Low | Close | Volume | |
0.17 | 0.18 | 0.17 | 0.18 | 11,956 | |
09/06/2024 | 0.19 | 0.20 | 0.18 | 0.18 | 47,100 |
0.18 | 0.18 | 0.18 | 0.18 | 14,000 |
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Danakali Trading Date Momentum on September 6, 2024
On September 09 2024 Danakali was traded for 0.18 at the closing time. The highest daily price throughout the period was 0.18 and the lowest price was 0.18 . The daily volume was 14 K. The net trading volume on 09/09/2024 did not affect price variability. The overall trading delta to current closing price is 0.00% . |
Danakali Fundamentals Correlations and Trends
By evaluating Danakali'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 Danakali's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Danakali financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Danakali Pink Sheet history
Danakali 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 Danakali is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Danakali 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 Danakali stock prices may prove useful in developing a viable investing in Danakali
Danakali Limited, together with its subsidiaries, engages in the exploration of minerals in Eritrea, East Africa. Danakali Limited was incorporated in 2001 and is based in Perth, Australia. South Boulder operates under Agricultural Inputs classification in the United States and is traded on OTC Exchange.
Danakali Pink Sheet Technical Analysis
Danakali 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
Danakali Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
Danakali 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.
Danakali December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how Danakali 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 Danakali shares will generate the highest return on investment. By undertsting and applying Danakali pink sheet market strength indicators, traders can identify Danakali entry and exit signals to maximize returns
Danakali Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Danakali's price direction in advance. Along with the technical and fundamental analysis of Danakali Pink Sheet historical price patterns, it is also worthwhile for investors to track various predictive indicators of Danakali 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 | 0.0435 | |||
Jensen Alpha | 0.3512 | |||
Total Risk Alpha | (1.14) | |||
Sortino Ratio | 0.0224 | |||
Treynor Ratio | 0.9531 |
Cycle Indicators | ||
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Math Transform | ||
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Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
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Volume Indicators |
Complementary Tools for Danakali Pink Sheet analysis
When running Danakali's price analysis, check to measure Danakali'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 Danakali is operating at the current time. Most of Danakali's value examination focuses on studying past and present price action to predict the probability of Danakali's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Danakali's price. Additionally, you may evaluate how the addition of Danakali to your portfolios can decrease your overall portfolio volatility.
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