Satrix Indi (South Africa) Price on November 28, 2024
| STXIND Etf | 11,452 66.00 0.57% |
If you're considering investing in Satrix Etf, it is important to understand the factors that can impact its price. As of today, the current price of Satrix Indi stands at 11,452, as last reported on the 1st of December, with the highest price reaching 11,500 and the lowest price hitting 11,421 during the day. At this point, Satrix Indi is very steady. Satrix Indi ETF owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0459, which indicates the etf had a 0.0459% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Satrix Indi ETF, which you can use to evaluate the volatility of the etf. Please validate Satrix Indi's Risk Adjusted Performance of 0.0321, coefficient of variation of 2364.66, and Semi Deviation of 0.5626 to confirm if the risk estimate we provide is consistent with the expected return of 0.0347%.
Satrix Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
Satrix |
Sharpe Ratio = 0.0459
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | STXIND |
Estimated Market Risk
| 0.76 actual daily | 6 94% of assets are more volatile |
Expected Return
| 0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.05 actual daily | 3 97% of assets perform better |
Based on monthly moving average Satrix Indi is performing at about 3% 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 Satrix Indi by adding it to a well-diversified portfolio.
Satrix Indi Valuation on November 28, 2024
It is possible to determine the worth of Satrix Indi on a given historical date. On November 28, 2024 Satrix was worth 11500.0 at the beginning of the trading date compared to the closed value of 11518.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Satrix Indi etf. Still, in general, we apply an absolute valuation method to find Satrix Indi'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 Satrix Indi where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Satrix Indi's related companies.
| Open | High | Low | Close | Volume | |
| 11,519 | 11,575 | 11,448 | 11,526 | 6,156 | |
11/28/2024 | 11,500 | 11,613 | 11,500 | 11,518 | 16,562 |
| 11,500 | 11,500 | 11,421 | 11,452 | 132,632 |
| Backtest Satrix Indi | | | Satrix Indi History | Previous | Next |
Satrix Indi Trading Date Momentum on November 28, 2024
| On November 29 2024 Satrix Indi ETF was traded for 11,452 at the closing time. The highest price during the trading period was 11,500 and the lowest recorded bid was listed for 11,421 . The volume for the day was 132.6 K. This history from November 29, 2024 contributed to the next trading day price decline. The trading price change to the next closing price was 0.57% . The trading price change to the current price is 0.16% . |
Price Boundaries
Satrix Indi Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
Satrix Indi ETF 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.
Satrix Indi December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how Satrix Indi etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Satrix Indi shares will generate the highest return on investment. By undertsting and applying Satrix Indi etf market strength indicators, traders can identify Satrix Indi ETF entry and exit signals to maximize returns
Satrix Indi Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Satrix Indi's price direction in advance. Along with the technical and fundamental analysis of Satrix Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of Satrix 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.