AFRICAN DISTILLERS is trading at 808.63 as of the 26th of November 2024; that is 12.93 percent decrease since the beginning of the trading day. The stock's open price was 928.7. AFRICAN DISTILLERS has hardly any chance of experiencing financial distress in the next few years and had a good performance during the last 90 days. Equity ratings for AFRICAN DISTILLERS LIMITED are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 30th of May 2024 and ending today, the 26th of November 2024. Click here to learn more.
Although AFRICAN DISTILLERS's alpha and beta are two of the key measurements used to evaluate AFRICAN DISTILLERS's performance over the market, the standard measures of volatility play an important role as well.
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with AFRICAN DISTILLERS stock to make a market-neutral strategy. Peer analysis of AFRICAN DISTILLERS could also be used in its relative valuation, which is a method of valuing AFRICAN DISTILLERS by comparing valuation metrics with similar companies.
When running AFRICAN DISTILLERS's price analysis, check to measure AFRICAN DISTILLERS'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 AFRICAN DISTILLERS is operating at the current time. Most of AFRICAN DISTILLERS's value examination focuses on studying past and present price action to predict the probability of AFRICAN DISTILLERS's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AFRICAN DISTILLERS's price. Additionally, you may evaluate how the addition of AFRICAN DISTILLERS to your portfolios can decrease your overall portfolio volatility.