Commonwealth Bank Of Stock Price on August 8, 2018
| CMWAY Stock | USD 72.41 0.61 0.85% |
If you're considering investing in Commonwealth Pink Sheet, it is important to understand the factors that can impact its price. As of today, the current price of Commonwealth Bank stands at 72.41, as last reported on the 19th of April, with the highest price reaching 72.84 and the lowest price hitting 71.99 during the day. Commonwealth Bank secures Sharpe Ratio (or Efficiency) of -0.0189, which signifies that the company had a -0.0189% return per unit of risk over the last 3 months. Commonwealth Bank of exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Commonwealth Bank's Risk Adjusted Performance of (0.01), mean deviation of 0.9845, and Standard Deviation of 1.26 to double-check the risk estimate we provide.
Commonwealth Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.
Commonwealth |
Sharpe Ratio = -0.0189
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| Negative Returns | CMWAY |
Estimated Market Risk
| 1.24 actual daily | 10 90% of assets are more volatile |
Expected Return
| -0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.02 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Commonwealth Bank is not performing at its full potential. However, 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 Commonwealth Bank 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 Commonwealth Bank Pink Sheet 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
Commonwealth Bank of Australia provides integrated financial services in Australia, New Zealand, and internationally. The company was founded in 1911 and is based in Sydney, Australia. Commonwealth Bank operates under BanksDiversified classification in the United States and is traded on OTC Exchange. It employs 49245 people.
Commonwealth Bank Pink Sheet Technical Analysis
Commonwealth Bank technical pink sheet 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, pink sheet market cycles, or different charting patterns.
Price Boundaries
Commonwealth Bank Period Price Range
Commonwealth Bank April 19, 2024 Market Strength
Market strength indicators help investors to evaluate how Commonwealth Bank pink sheet 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 pink sheet market strength indicators, traders can identify Commonwealth Bank of 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 Pink Sheet 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.
| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | (0.22) |
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| Volume Indicators |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Commonwealth Bank of. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the Commonwealth Bank information on this page should be used as a complementary analysis to other Commonwealth Bank's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
Complementary Tools for Commonwealth Pink Sheet 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.
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