ABSA NEW (Kenya) Performance
| NEWGOLDETF | 3,220 0.00 0.00% |
ABSA NEW has a performance score of 13 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.63, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, ABSA NEW's returns are expected to increase less than the market. However, during the bear market, the loss of holding ABSA NEW is expected to be smaller as well. ABSA NEW GOLD at this time shows a risk of 0.88%. Please confirm ABSA NEW GOLD risk adjusted performance, variance, as well as the relationship between the Variance and kurtosis , to decide if ABSA NEW GOLD will be following its price patterns.
Risk-Adjusted Performance
13 of 100
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Compared to the overall equity markets, risk-adjusted returns on investments in ABSA NEW GOLD are ranked lower than 13 (%) of all global equities and portfolios over the last 90 days. In spite of rather weak basic indicators, ABSA NEW may actually be approaching a critical reversion point that can send shares even higher in January 2025. ...more
ABSA |
ABSA NEW Relative Risk vs. Return Landscape
If you would invest 294,000 in ABSA NEW GOLD on September 2, 2024 and sell it today you would earn a total of 28,000 from holding ABSA NEW GOLD or generate 9.52% return on investment over 90 days. ABSA NEW GOLD is generating 0.1482% of daily returns and assumes 0.8847% volatility on return distribution over the 90 days horizon. Simply put, 7% of stocks are less volatile than ABSA, and 98% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
ABSA NEW Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for ABSA NEW's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as ABSA NEW GOLD, and traders can use it to determine the average amount a ABSA NEW's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1675
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| Cash | NEWGOLDETF | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 0.88 actual daily | 7 93% of assets are more volatile |
Expected Return
| 0.15 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.17 actual daily | 13 87% of assets perform better |
Based on monthly moving average ABSA NEW is performing at about 13% 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 ABSA NEW by adding it to a well-diversified portfolio.
Things to note about ABSA NEW GOLD performance evaluation
Checking the ongoing alerts about ABSA NEW for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for ABSA NEW GOLD help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.Evaluating ABSA NEW's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate ABSA NEW's stock performance include:- Analyzing ABSA NEW's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether ABSA NEW's stock is overvalued or undervalued compared to its peers.
- Examining ABSA NEW's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating ABSA NEW's management team can have a significant impact on its success or failure. Reviewing the track record and experience of ABSA NEW's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of ABSA NEW's stock. These opinions can provide insight into ABSA NEW's potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for ABSA Stock analysis
When running ABSA NEW's price analysis, check to measure ABSA NEW'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 ABSA NEW is operating at the current time. Most of ABSA NEW's value examination focuses on studying past and present price action to predict the probability of ABSA NEW's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ABSA NEW's price. Additionally, you may evaluate how the addition of ABSA NEW to your portfolios can decrease your overall portfolio volatility.
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