Suez Canal (Egypt) Price on February 29, 2024
| CANA Stock | 23.58 0.47 1.95% |
If you're considering investing in Suez Stock, it is important to understand the factors that can impact its price. As of today, the current price of Suez Canal stands at 23.58, as last reported on the 16th of December 2024, with the highest price reaching 23.75 and the lowest price hitting 23.32 during the day. Suez Canal appears to be not too volatile, given 3 months investment horizon. Suez Canal Bank owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.24, which indicates the firm had a 0.24% return per unit of risk over the last 3 months. By inspecting Suez Canal's technical indicators, you can evaluate if the expected return of 0.9% is justified by implied risk. Please review Suez Canal's Coefficient Of Variation of 418.62, semi deviation of 2.05, and Risk Adjusted Performance of 0.1806 to confirm if our risk estimates are consistent with your expectations.
Suez Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Suez |
Sharpe Ratio = 0.2389
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Estimated Market Risk
| 3.77 actual daily | 33 67% of assets are more volatile |
Expected Return
| 0.9 actual daily | 17 83% of assets have higher returns |
Risk-Adjusted Return
| 0.24 actual daily | 18 82% of assets perform better |
Based on monthly moving average Suez Canal is performing at about 18% 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 Suez Canal by adding it to a well-diversified portfolio.
Suez Canal Valuation on February 29, 2024
It is possible to determine the worth of Suez Canal on a given historical date. On February 29, 2024 Suez was worth 14.49 at the beginning of the trading date compared to the closed value of 15.23. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Suez Canal stock. Still, in general, we apply an absolute valuation method to find Suez Canal'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 Suez Canal where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Suez Canal's related companies.
| Open | High | Low | Close | Volume | |
| 14.67 | 14.95 | 14.41 | 14.49 | 102,323 | |
02/29/2024 | 14.49 | 15.80 | 14.32 | 15.23 | 252,756 |
| 15.57 | 15.80 | 15.46 | 15.60 | 182,168 |
| Backtest Suez Canal | | | Suez Canal History | Previous | Next |
Suez Canal Trading Date Momentum on February 29, 2024
| On March 04 2024 Suez Canal Bank was traded for 15.60 at the closing time. The highest price during the trading period was 15.80 and the lowest recorded bid was listed for 15.46 . The volume for the day was 182.2 K. This history from March 4, 2024 contributed to the next trading day price rise. The overall trading delta to the next closing price was 2.43% . The trading price change to the current price is 8.47% . |
Price Boundaries
Suez Canal Period Price Range
Low | December 16, 2024
| High |
0.00 | 0.00 |
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Suez Canal December 16, 2024 Market Strength
Market strength indicators help investors to evaluate how Suez Canal stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Suez Canal shares will generate the highest return on investment. By undertsting and applying Suez Canal stock market strength indicators, traders can identify Suez Canal Bank entry and exit signals to maximize returns
Suez Canal Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Suez Canal's price direction in advance. Along with the technical and fundamental analysis of Suez Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Suez 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 | 0.1806 | |||
| Jensen Alpha | 0.8625 | |||
| Total Risk Alpha | 0.4966 | |||
| Sortino Ratio | 0.3042 | |||
| Treynor Ratio | 2.49 |
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| Volume Indicators |
Complementary Tools for Suez Stock analysis
When running Suez Canal's price analysis, check to measure Suez Canal'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 Suez Canal is operating at the current time. Most of Suez Canal's value examination focuses on studying past and present price action to predict the probability of Suez Canal's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Suez Canal's price. Additionally, you may evaluate how the addition of Suez Canal to your portfolios can decrease your overall portfolio volatility.
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