SPASX Dividend (Australia) Price on October 30, 2023

AXDI Index   1,654  8.90  0.54%   
Below is the normalized historical share price chart for SPASX Dividend Opportunities extending back to September 22, 2010. 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 Dividend stands at 1,654, as last reported on the 20th of February, with the highest price reaching 1,663 and the lowest price hitting 1,643 during the day.
 
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If you're considering investing in SPASX Index, it is important to understand the factors that can impact its stock price. SPASX Dividend Oppor retains Efficiency (Sharpe Ratio) of 0.18, which indicates the index had 0.18% return per unit of risk over the last 3 months. Our philosophy in measuring the volatility of an index is to use all available market data together with index-specific technical indicators that cannot be diversified away. We have found twenty-six technical indicators for SPASX Dividend, which you can use to evaluate the future volatility of the index.
SPASX Index stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.1768

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Estimated Market Risk

 0.63
  actual daily
5
95% of assets are more volatile

Expected Return

 0.11
  actual daily
2
98% of assets have higher returns

Risk-Adjusted Return

 0.18
  actual daily
13
87% of assets perform better
Based on monthly moving average SPASX Dividend is performing at about 13% 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 Dividend by adding it to a well-diversified portfolio.

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SPASX Dividend Valuation on October 30, 2023

It is possible to determine the worth of SPASX Dividend on a given historical date. On October 30, 2023 SPASX was worth 1526.6 at the beginning of the trading date compared to the closed value of 1511.6. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of SPASX Dividend index. Still, in general, we apply an absolute valuation method to find SPASX Dividend'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 Dividend where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against SPASX Dividend's related companies.
 Open High Low Close Volume
  1,520    1,529    1,520    1,527    114,540,000  
10/30/2023
  1,527    1,527    1,510    1,512    124,050,000  
  1,512    1,524    1,510    1,515    149,280,000  
Backtest SPASX Dividend  |  SPASX Dividend History  PreviousNext  
Open Value
1526.6
1511.6
Closing Value
1,528
Upside

SPASX Dividend Trading Date Momentum on October 30, 2023

On October 31 2023 SPASX Dividend Opportunities was traded for  1,515  at the closing time. The highest price during the trading period was 1,524  and the lowest recorded bid was listed for  1,510 . The volume for the day was 149.3 M. This history from October 31, 2023 contributed to the next trading day price boost. The overall trading delta to the next closing price was 0.21% . The trading price change to the current price is 2.04% .

Price Boundaries

SPASX Dividend Period Price Range

Low
October 30, 2023
High

 1,527 

  

 1,512 

-15-0.98%

SPASX Dividend February 20, 2024 Market Strength

Market strength indicators help investors to evaluate how SPASX Dividend 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 Dividend shares will generate the highest return on investment. By undertsting and applying SPASX Dividend index market strength indicators, traders can identify SPASX Dividend Opportunities entry and exit signals to maximize returns

SPASX Dividend Technical Drivers

SPASX Dividend February 20, 2024 Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for SPASX stock's 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 stock 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 Performance0.1112
Mean Deviation0.5126
Semi Deviation0.5068
Downside Deviation0.6502
Coefficient Of Variation598.64
Standard Deviation0.6286
Variance0.3952
Information Ratio(0.13)
Total Risk Alpha(0.07)
Sortino Ratio(0.13)
Maximum Drawdown2.66
Value At Risk(0.92)
Potential Upside1.06
Downside Variance0.4228
Semi Variance0.2568
Expected Short fall(0.54)
Skewness(0.21)
Kurtosis(0.63)
Cycle Indicators
Math Operators
Math Transform
Momentum Indicators
Overlap Studies
Pattern Recognition
Price Transform
Statistic Functions
Volatility Indicators
Volume Indicators
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any Index could be tightly coupled with the direction of predictive economic indicators such as signals in population.
You can also try the Stocks Directory module to find actively traded stocks across global markets.

Complementary Tools for SPASX Index analysis

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