ASX (Australia) Today
ASX Stock | 63.70 0.46 0.73% |
Performance0 of 100
| Odds Of DistressLess than 1
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ASX is selling for under 63.70 as of the 5th of May 2024; that is 0.73 percent increase since the beginning of the trading day. The stock's last reported lowest price was 63.24. ASX has a very small chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for ASX are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 6th of March 2024 and ending today, the 5th of May 2024. Click here to learn more.
Business Domain Financial Services | Classification Financials |
ASX is entity of Australia. It is traded as Stock on AU exchange. The company has 193.89 M outstanding shares. More on ASX
Moving against ASX Stock
0.54 | EMR | Emerald Resources | PairCorr |
0.44 | CBAPJ | Commonwealth Bank | PairCorr |
Follow Valuation Profit Patterns Odds of Bankruptcy
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ASX Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. ASX's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding ASX or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary, ASX's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to ASX's managers, analysts, and investors.
Environment Score | Governance Score | Social Score |
Business Concentration | Financial Exchanges & Data, Financial Data & Stock Exchanges, Financial Services, Financials, Capital Markets, Financial Data & Stock Exchanges, Financial Services (View all Sectors) | ||||
ASX's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to ASX's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | |||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand ASX's financial leverage. It provides some insight into what part of ASX's total assets is financed by creditors.
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ASX (ASX) is traded on Australian Securities Exchange in Australia and employs 1,140 people. ASX is listed under Financial Exchanges & Data category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a current market capitalization of 12.35 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate ASX's market, we take the total number of its shares issued and multiply it by ASX's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. ASX operates under Capital Markets sector and is part of Financials industry. The entity has 193.89 M outstanding shares.
ASX generates negative cash flow from operations
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Ownership AllocationASX holds a total of 193.89 Million outstanding shares. Over half of ASX's outstanding shares are owned by other corporate entities. These other corporate entities are typically referred to as corporate investors that acquire positions in a given instrument to benefit from reduced trade commissions. Therefore, these institutions are subject to different rules and regulations than regular investors in ASX. Please watch out for any change in the institutional holdings of ASX as this could mean something significant has changed or is about to change at the company. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
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ASX Stock Price Odds Analysis
Attributed to a normal probability distribution, the odds of ASX jumping above the current price in 90 days from now is about 77.94%. The ASX probability density function shows the probability of ASX stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon ASX has a beta of 0.184. This suggests as returns on the market go up, ASX average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding ASX will be expected to be much smaller as well. Additionally, aSX has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of ASX to move above the current price in 90 days from now is about 77.94 (This ASX probability density function shows the probability of ASX Stock to fall within a particular range of prices over 90 days) .
ASX Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. ASX market risk premium is the additional return an investor will receive from holding ASX long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in ASX. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although ASX's alpha and beta are two of the key measurements used to evaluate ASX's performance over the market, the standard measures of volatility play an important role as well.
Mean Deviation | 0.8138 | |||
Standard Deviation | 1.09 | |||
Variance | 1.19 | |||
Risk Adjusted Performance | (0.0002) |
ASX Stock Against Markets
Picking the right benchmark for ASX stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in ASX stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for ASX is critical whether you are bullish or bearish towards ASX at a given time. Please also check how ASX's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in ASX without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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ASX Corporate Management
Elected by the shareholders, the ASX's board of directors comprises two types of representatives: ASX inside directors who are chosen from within the company, and outside directors, selected externally and held independent of ASX. The board's role is to monitor ASX's management team and ensure that shareholders' interests are well served. ASX's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, ASX's outside directors are responsible for providing unbiased perspectives on the board's policies.
LLB BA | Chief Officer | Profile | |
David Park | Adviser Communications | Profile | |
Dan Chesterman | Chief Officer | Profile | |
Tim Whiteley | Chief Officer | Profile | |
Diona Rae | Chief Officer | Profile | |
Andrew Tobin | Chief Officer | Profile | |
Simon Starr | General Sustainability | Profile |
How to buy ASX Stock?
Before investing in ASX, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in ASX. To buy ASX stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of ASX. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase ASX stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located ASX stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased ASX stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as ASX, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in ASX?
The danger of trading ASX is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of ASX is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than ASX. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile ASX is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ASX. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
Complementary Tools for ASX Stock analysis
When running ASX's price analysis, check to measure ASX'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 ASX is operating at the current time. Most of ASX's value examination focuses on studying past and present price action to predict the probability of ASX's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ASX's price. Additionally, you may evaluate how the addition of ASX to your portfolios can decrease your overall portfolio volatility.
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