Alumina Limited Pk Stock Price on March 2, 2017
| AWCMY Stock | USD 3.88 0.09 2.27% |
If you're considering investing in Alumina OTC Stock, it is important to understand the factors that can impact its price. As of today, the current price of Alumina Limited stands at 3.88, as last reported on the 20th of April, with the highest price reaching 3.97 and the lowest price hitting 3.86 during the day. Alumina Limited appears to be slightly risky, given 3 months investment horizon. Alumina Limited PK secures Sharpe Ratio (or Efficiency) of 0.21, which signifies that the company had a 0.21% return per unit of risk over the last 3 months. By analyzing Alumina Limited's technical indicators, you can evaluate if the expected return of 0.59% is justified by implied risk. Please makes use of Alumina Limited's Downside Deviation of 2.36, mean deviation of 2.12, and Risk Adjusted Performance of 0.1481 to double-check if our risk estimates are consistent with your expectations.
Alumina OTC Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Alumina |
Sharpe Ratio = 0.2087
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Estimated Market Risk
| 2.84 actual daily | 25 75% of assets are more volatile |
Expected Return
| 0.59 actual daily | 11 89% of assets have higher returns |
Risk-Adjusted Return
| 0.21 actual daily | 16 84% of assets perform better |
Based on monthly moving average Alumina Limited is performing at about 16% 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 Alumina Limited by adding it to a well-diversified portfolio.
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
About Alumina Limited OTC Stock history
Alumina Limited 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 Alumina is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Alumina Limited PK 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 Alumina Limited stock prices may prove useful in developing a viable investing in Alumina Limited
Alumina Limited, through its 40 percent interest in Alcoa World Alumina and Chemicals, engages in bauxite mining, alumina refining, and aluminum smelting businesses. Alumina Limited was incorporated in 1970 and is headquartered in Southbank, Australia. ALUMINA operates under Aluminum classification in the United States and is traded on OTC Exchange.
Alumina Limited OTC Stock Technical Analysis
Alumina Limited technical otc 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, otc market cycles, or different charting patterns.
Price Boundaries
Alumina Limited Period Price Range
Alumina Limited April 20, 2024 Market Strength
Market strength indicators help investors to evaluate how Alumina Limited otc stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Alumina Limited shares will generate the highest return on investment. By undertsting and applying Alumina Limited otc stock market strength indicators, traders can identify Alumina Limited PK entry and exit signals to maximize returns
| Accumulation Distribution | 404.06 | |||
| Daily Balance Of Power | (0.82) | |||
| Rate Of Daily Change | 0.98 | |||
| Day Median Price | 3.92 | |||
| Day Typical Price | 3.9 | |||
| Price Action Indicator | (0.08) | |||
| Period Momentum Indicator | (0.09) |
Alumina Limited Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Alumina Limited's price direction in advance. Along with the technical and fundamental analysis of Alumina OTC Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Alumina 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 | 0.1481 | |||
| Jensen Alpha | 0.5675 | |||
| Total Risk Alpha | 0.2893 | |||
| Sortino Ratio | 0.2382 | |||
| Treynor Ratio | 0.6912 |
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| Volume Indicators |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alumina Limited PK. Also, note that the market value of any otc stock could be tightly coupled with the direction of predictive economic indicators such as signals in population. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Complementary Tools for Alumina OTC Stock analysis
When running Alumina Limited's price analysis, check to measure Alumina Limited'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 Alumina Limited is operating at the current time. Most of Alumina Limited's value examination focuses on studying past and present price action to predict the probability of Alumina Limited's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alumina Limited's price. Additionally, you may evaluate how the addition of Alumina Limited to your portfolios can decrease your overall portfolio volatility.
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