Arab Aluminum (Egypt) Price on May 16, 2024
| ALUM Stock | 14.78 0.21 1.40% |
If you're considering investing in Arab Stock, it is important to understand the factors that can impact its price. As of today, the current price of Arab Aluminum stands at 14.78, as last reported on the 11th of December 2024, with the highest price reaching 15.14 and the lowest price hitting 14.51 during the day. Arab Aluminum appears to be not too volatile, given 3 months investment horizon. Arab Aluminum secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Arab Aluminum, which you can use to evaluate the volatility of the firm. Please makes use of Arab Aluminum's risk adjusted performance of 0.0885, and Mean Deviation of 1.54 to double-check if our risk estimates are consistent with your expectations.
Arab Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Arab |
Sharpe Ratio = 0.1158
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Estimated Market Risk
| 2.09 actual daily | 18 82% of assets are more volatile |
Expected Return
| 0.24 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.12 actual daily | 9 91% of assets perform better |
Based on monthly moving average Arab Aluminum is performing at about 9% 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 Arab Aluminum by adding it to a well-diversified portfolio.
Arab Aluminum Valuation on May 16, 2024
It is possible to determine the worth of Arab Aluminum on a given historical date. On May 16, 2024 Arab was worth 10.49 at the beginning of the trading date compared to the closed value of 10.81. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Arab Aluminum stock. Still, in general, we apply an absolute valuation method to find Arab Aluminum'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 Arab Aluminum where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Arab Aluminum's related companies.
| Open | High | Low | Close | Volume | |
| 10.35 | 10.60 | 10.22 | 10.49 | 154,383 | |
05/16/2024 | 10.49 | 10.97 | 10.49 | 10.81 | 295,013 |
| 11.33 | 12.90 | 10.97 | 12.20 | 580,666 |
| Backtest Arab Aluminum | | | Arab Aluminum History | Previous | Next |
Arab Aluminum Trading Date Momentum on May 16, 2024
| On May 20 2024 Arab Aluminum was traded for 12.20 at the closing time. The highest price during the trading period was 12.90 and the lowest recorded bid was listed for 10.97 . The volume for the day was 580.7 K. This history from May 20, 2024 contributed to the next trading day price rise. The overall trading delta to the next closing price was 12.86% . The overall trading delta to the current price is 11.10% . |
Price Boundaries
Arab Aluminum Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
Arab Aluminum cannot be verified against its exchange. Please verify the symbol is currently traded on Egyptian 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.
Arab Aluminum December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Arab Aluminum stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Arab Aluminum shares will generate the highest return on investment. By undertsting and applying Arab Aluminum stock market strength indicators, traders can identify Arab Aluminum entry and exit signals to maximize returns
Arab Aluminum Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Arab Aluminum's price direction in advance. Along with the technical and fundamental analysis of Arab Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Arab 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 | 0.0885 | |||
| Jensen Alpha | 0.2109 | |||
| Total Risk Alpha | (0.1) | |||
| Sortino Ratio | 0.0671 | |||
| Treynor Ratio | 4.89 |
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| Volume Indicators |
Complementary Tools for Arab Stock analysis
When running Arab Aluminum's price analysis, check to measure Arab Aluminum'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 Arab Aluminum is operating at the current time. Most of Arab Aluminum's value examination focuses on studying past and present price action to predict the probability of Arab Aluminum's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Arab Aluminum's price. Additionally, you may evaluate how the addition of Arab Aluminum to your portfolios can decrease your overall portfolio volatility.
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