SPASX 200 (Australia) Price on October 4, 2024
| AXBK Index | 3,828 54.20 1.44% |
Below is the normalized historical share price chart for SPASX 200 Banks extending back to April 29, 2019. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of SPASX 200 stands at 3,828, as last reported on the 1st of December, with the highest price reaching 3,832 and the lowest price hitting 3,784 during the day.
If you're considering investing in SPASX Index, it is important to understand the factors that can impact its price. SPASX 200 Banks retains Efficiency (Sharpe Ratio) of 0.12, which indicates the index had a 0.12% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for SPASX 200, which you can use to evaluate the volatility of the index. SPASX Index price history is provided at the adjusted basis, taking into account all of the recent filings.
Sharpe Ratio = 0.1194
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Estimated Market Risk
| 1.07 actual daily | 9 91% of assets are more volatile |
Expected Return
| 0.13 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.12 actual daily | 9 91% of assets perform better |
Based on monthly moving average SPASX 200 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 SPASX 200 by adding it to a well-diversified portfolio.
SPASX 200 Valuation on October 4, 2024
It is possible to determine the worth of SPASX 200 on a given historical date. On October 4, 2024 SPASX was worth 3396.6 at the beginning of the trading date compared to the closed value of 3345.2. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of SPASX 200 index. Still, in general, we apply an absolute valuation method to find SPASX 200'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 SPASX 200 where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against SPASX 200's related companies.
| Open | High | Low | Close | Volume | |
| 3,401 | 3,416 | 3,389 | 3,397 | 1.00 | |
10/04/2024 | 3,397 | 3,397 | 3,340 | 3,345 | 1.00 |
| 3,348 | 3,410 | 3,348 | 3,401 | 1.00 |
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SPASX 200 Trading Date Momentum on October 4, 2024
| On October 07 2024 SPASX 200 Banks was traded for 3,401 at the closing time. The highest price during the trading period was 3,410 and the lowest recorded bid was listed for 3,348 . There was no trading activity during the period 1.0. Lack of trading volume on October 7, 2024 contributed to the next trading day price boost. The overall trading delta to the next closing price was 1.66% . The trading price change to the current price is 2.30% . |
Price Boundaries
SPASX 200 Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
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SPASX 200 December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how SPASX 200 index reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading SPASX 200 shares will generate the highest return on investment. By undertsting and applying SPASX 200 index market strength indicators, traders can identify SPASX 200 Banks entry and exit signals to maximize returns
SPASX 200 Technical Drivers
SPASX 200 December 1, 2024 Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for SPASX 200's price direction in advance. Along with the technical and fundamental analysis of SPASX Index historical price patterns, it is also worthwhile for investors to track various predictive indicators of SPASX 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 | 0.142 | |||
| Mean Deviation | 0.8157 | |||
| Semi Deviation | 0.9767 | |||
| Downside Deviation | 1.21 | |||
| Coefficient Of Variation | 548.42 | |||
| Standard Deviation | 1.04 | |||
| Variance | 1.07 | |||
| Information Ratio | 0.0495 | |||
| Total Risk Alpha | 0.006 | |||
| Sortino Ratio | 0.0424 | |||
| Maximum Drawdown | 4.35 | |||
| Value At Risk | (1.81) | |||
| Potential Upside | 1.66 | |||
| Downside Variance | 1.46 | |||
| Semi Variance | 0.954 | |||
| Expected Short fall | (0.82) | |||
| Skewness | (0.63) | |||
| Kurtosis | 0.0096 |
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| Volume Indicators |