Absa (South Africa) Today
| ABG Stock | 13,877 99.00 0.72% |
Performance0 of 100
| Odds Of DistressLess than 9
|
Absa is trading at 13877.00 as of the 19th of April 2024, a 0.72 percent increase since the beginning of the trading day. The stock's lowest day price was 13683.0. Absa has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Absa Group are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 19th of February 2024 and ending today, the 19th of April 2024. Click here to learn more.
Moving together with Absa Stock
| 0.91 | SBK | Standard Bank Group | PairCorr |
Moving against Absa Stock
| 0.71 | SAP | Sappi | PairCorr |
| 0.68 | RBX | Raubex | PairCorr |
| 0.63 | CPIP | Capitec Bank Holdings | PairCorr |
| 0.45 | CPI | Capitec Bank Holdings | PairCorr |
Follow Valuation Odds of Bankruptcy
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Absa 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. Absa's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Absa or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Business Concentration | Banks-Regional, Financial Services (View all Sectors) |
Absa Group (ABG) is traded on Johannesburg Exchange in South Africa and employs 35,267 people. The company currently falls under 'Mega-Cap' category with a current market capitalization of 123.47 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Absa's market, we take the total number of its shares issued and multiply it by Absa'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. Absa Group operates under Financial Services sector and is part of Banks-Regional industry. The entity has 830.57 M outstanding shares.
Absa generates positive cash flow from operations, but has no cash available
Check Absa Probability Of Bankruptcy
Ownership AllocationAbsa holds a total of 830.57 Million outstanding shares. Over half of Absa'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. Consequently, these institutions are subject to different rules and regulations than regular investors in Absa. Please watch out for any change in the institutional holdings of Absa Group 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.
Check Absa Ownership Details
Absa Stock Price Odds Analysis
What are Absa's target price odds to finish over the current price? Based on a normal probability distribution, the odds of Absa jumping above the current price in 90 days from now is more than 94.0%. The Absa Group probability density function shows the probability of Absa stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Absa has a beta of 0.0871. This suggests as returns on the market go up, Absa average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Absa Group will be expected to be much smaller as well. Additionally, absa Group 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 Absa to move above the current price in 90 days from now is more than 94.0 (This Absa Group probability density function shows the probability of Absa Stock to fall within a particular range of prices over 90 days) .
Absa Group Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Absa market risk premium is the additional return an investor will receive from holding Absa 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 Absa. 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 Absa's alpha and beta are two of the key measurements used to evaluate Absa's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 1.01 | |||
| Standard Deviation | 1.34 | |||
| Variance | 1.81 | |||
| Risk Adjusted Performance | (0.05) |
Absa Stock Against Markets
Picking the right benchmark for Absa 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 Absa 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 Absa is critical whether you are bullish or bearish towards Absa Group at a given time. Please also check how Absa'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 Absa 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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| All Next | Launch Module |
Absa Corporate Management
Elected by the shareholders, the Absa's board of directors comprises two types of representatives: Absa inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Absa. The board's role is to monitor Absa's management team and ensure that shareholders' interests are well served. Absa'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, Absa's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Cowyk Fox | Chief Banking | Profile | |
| Wilhelm Krige | Interim Officer | Profile | |
| Charles Russon | Chief Banking | Profile | |
| Faisal Mkhize | Chief Banking | Profile | |
| Punki Modise | Group Officer | Profile | |
| Akash Singh | Group Officer | Profile | |
| Thabo Mashaba | Interim Officer | Profile |
How to buy Absa Stock?
Before investing in Absa, 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 Absa. To buy Absa stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Absa. 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 Absa stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Absa Group 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 Absa Group 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 Absa Group, 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 Absa Group?
The danger of trading Absa Group 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 Absa 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 Absa. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Absa Group 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 Absa Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in inflation. You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
Complementary Tools for Absa Stock analysis
When running Absa's price analysis, check to measure Absa'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 Absa is operating at the current time. Most of Absa's value examination focuses on studying past and present price action to predict the probability of Absa's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Absa's price. Additionally, you may evaluate how the addition of Absa to your portfolios can decrease your overall portfolio volatility.
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