Absa (South Africa) Today
| ABG Stock | 17,300 111.00 0.64% |
Performance2 of 100
| Odds Of DistressLess than 9
|
Absa is trading at 17300.00 as of the 28th of November 2024, a 0.64 percent decrease since the beginning of the trading day. The stock's lowest day price was 17226.0. Absa has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat weak performance during the last 90 days. Equity ratings for Absa Group are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 29th of October 2024 and ending today, the 28th of November 2024. Click here to learn more.
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Absa Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Absa's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Absa or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Business Concentration | Banks-Regional, Financial Services (View all Sectors) |
Absa Group (ABG) is traded on Johannesburg Exchange in South Africa and employs 35,267 people. The company currently falls under 'Mega-Cap' category with a current market capitalization of 123.47 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Absa's market, we take the total number of its shares issued and multiply it by Absa's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Absa Group operates under Financial Services sector and is part of Banks-Regional industry. The entity has 830.57 M outstanding shares.
Absa generates positive cash flow from operations, but has no cash available
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Ownership AllocationAbsa holds a total of 830.57 Million outstanding shares. Over half of Absa's outstanding shares are owned by other corporate entities. These other corporate entities are typically referred to as corporate investors that acquire positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulations than regular investors in Absa. Please watch out for any change in the institutional holdings of Absa Group as this could mean something significant has changed or is about to change at the company. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
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Absa Group Risk Profiles
Although Absa's alpha and beta are two of the key measurements used to evaluate Absa's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.8098 | |||
| Semi Deviation | 0.9051 | |||
| Standard Deviation | 1.04 | |||
| Variance | 1.07 |
Absa Stock Against Markets
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Absa Corporate Management
Elected by the shareholders, the Absa's board of directors comprises two types of representatives: Absa inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Absa. The board's role is to monitor Absa's management team and ensure that shareholders' interests are well served. Absa's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Absa's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Cowyk Fox | Chief Banking | Profile | |
| Wilhelm Krige | Interim Officer | Profile | |
| Charles Russon | Chief Banking | Profile | |
| Faisal Mkhize | Chief Banking | Profile | |
| Punki Modise | Group Officer | Profile | |
| Akash Singh | Group Officer | Profile | |
| Thabo Mashaba | Interim Officer | Profile |
Other Information on Investing in Absa Stock
Absa financial ratios help investors to determine whether Absa Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Absa with respect to the benefits of owning Absa security.