Commonwealth Bank (Australia) Price on June 26, 2024

CBA Stock   150.26  5.73  3.67%   
Below is the normalized historical share price chart for Commonwealth Bank extending back to April 01, 1993. 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 Commonwealth Bank stands at 150.26, as last reported on the 22nd of December, with the highest price reaching 155.73 and the lowest price hitting 150.26 during the day.
200 Day MA
133.3632
50 Day MA
151.0382
Beta
0.911
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
If you're considering investing in Commonwealth Stock, it is important to understand the factors that can impact its price. Currently, Commonwealth Bank is very steady. Commonwealth Bank secures Sharpe Ratio (or Efficiency) of 0.0698, which signifies that the company had a 0.0698% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Commonwealth Bank, which you can use to evaluate the volatility of the firm. Please confirm Commonwealth Bank's Mean Deviation of 0.988, risk adjusted performance of 0.0451, and Downside Deviation of 1.57 to double-check if the risk estimate we provide is consistent with the expected return of 0.0898%.
  
At this time, Commonwealth Bank's Common Stock Total Equity is comparatively stable compared to the past year. Liabilities And Stockholders Equity is likely to gain to about 1.3 T in 2024, whereas Total Stockholder Equity is likely to drop slightly above 37.8 B in 2024. . Commonwealth Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.0698

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Estimated Market Risk

 1.29
  actual daily
11
89% of assets are more volatile

Expected Return

 0.09
  actual daily
1
99% of assets have higher returns

Risk-Adjusted Return

 0.07
  actual daily
5
95% of assets perform better
Based on monthly moving average Commonwealth Bank is performing at about 5% 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 Commonwealth Bank by adding it to a well-diversified portfolio.
Price Book
3.4376
Price Sales
9.6193
Shares Float
1.7 B
Dividend Share
4.65
Wall Street Target Price
99.3171

Commonwealth Bank Main Headline on 26th of June 2024

Commonwealth Bank Exits Stake in Good Drinks TipRanks

Commonwealth Bank Valuation on June 26, 2024

It is possible to determine the worth of Commonwealth Bank on a given historical date. On June 26, 2024 Commonwealth was worth 125.35 at the beginning of the trading date compared to the closed value of 124.63. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Commonwealth Bank stock. Still, in general, we apply an absolute valuation method to find Commonwealth Bank'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 Commonwealth Bank where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Commonwealth Bank's related companies.
 Open High Low Close Volume
  125.82    126.38    125.23    126.33    2,092,832  
06/26/2024
  125.35    125.80    124.37    124.63    1,908,027  
  122.76    123.94    122.12    123.94    2,021,794  
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Open Value
125.35
121.49
Downside
124.63
Closing Value
129.21
Upside

Commonwealth Bank Trading Date Momentum on June 26, 2024

On June 27 2024 Commonwealth Bank was traded for  123.94  at the closing time. The maximum traded price for the trading interval was 123.94  and the lowest daily price was  122.12 . The daily volume was recorded at 2 M. The volume of trading on 27th of June 2024 played a part in the next trading day price drop. The overall trading delta to the next closing price was 0.55% . The overall trading delta to the closing price today is 0.00% .

Commonwealth Bank Fundamentals Correlations and Trends

By evaluating Commonwealth Bank's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Commonwealth Bank's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Commonwealth financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Commonwealth Bank Stock history

Commonwealth Bank investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Commonwealth is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Commonwealth Bank will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Commonwealth Bank stock prices may prove useful in developing a viable investing in Commonwealth Bank
Last ReportedProjected for Next Year
Common Stock Shares Outstanding1.8 B1.5 B
Net Income Applicable To Common Shares11.6 B7.1 B

Commonwealth Bank Stock Technical Analysis

Commonwealth Bank technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Commonwealth Bank technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Commonwealth Bank trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Commonwealth Bank Period Price Range

Low
December 22, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Commonwealth Bank cannot be verified against its exchange. Please verify the symbol is currently traded on Australian Securities 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.

Commonwealth Bank December 22, 2024 Market Strength

Market strength indicators help investors to evaluate how Commonwealth Bank stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Commonwealth Bank shares will generate the highest return on investment. By undertsting and applying Commonwealth Bank stock market strength indicators, traders can identify Commonwealth Bank entry and exit signals to maximize returns

Commonwealth Bank Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Commonwealth Bank's price direction in advance. Along with the technical and fundamental analysis of Commonwealth Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Commonwealth 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.

Additional Tools for Commonwealth Stock Analysis

When running Commonwealth Bank's price analysis, check to measure Commonwealth Bank'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 Commonwealth Bank is operating at the current time. Most of Commonwealth Bank's value examination focuses on studying past and present price action to predict the probability of Commonwealth Bank's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Commonwealth Bank's price. Additionally, you may evaluate how the addition of Commonwealth Bank to your portfolios can decrease your overall portfolio volatility.