(VIANEWS) – S&P/ASX ALL AUSTRALIAN 200 (AXAT) has been up by 5.36% for the last 21 sessions. At 19:08 EST on Tuesday, 29 November, S&P/ASX ALL AUSTRALIAN 200 (AXAT) is $7,204.60.

Why is S&P/ASX ALL AUSTRALIAN 200 Index Going Up?

Investing in the S&P/ASX ALL AUSTRALIAN 200 Index has performed well over the last 20 years. It is a benchmark index of the Australian share market that is used by investors to gauge the performance of the national economy.

The index has experienced some bumps in the recent GFC, but overall returns have been strong. The healthcare sector has gained over 7.5% in the last six months, while the materials sector has lost 6%.

The Financials sector has dominated the index, making up about 30% of its value. Among the top 10 largest companies in the index, four banks account for a majority of the value. The Reserve Bank of Australia recently raised its interest rate by 50 basis points.

Information Technology has accounted for a small initial base of the index, but has increased in weight over the past 10 years. Materials also declined, with BHP Group (-1.6%) and Fortescue Metals Group (-6.4%) being the top losers.

Energy stocks have dipped across all markets. Coal miners, iron ore producers and the oil industry have all declined. Whitehaven Coal bucked the trend.

Healthcare, which was the third largest sector in the index, has been on a strong run over the last six months. Other index heavyweights have been hit, including CSL (-1.3%) and Pilbara Minerals (-1.2%).

The index is a good proxy for the Australian market, but doesn’t give a full picture of returns. Investors should also think about the long term. A good way to diversify is to combine it with other investments.

Concerning S&P/ASX ALL AUSTRALIAN 200’s yearly highs and lows, it’s 12.75% up from its 52-week low and 5.2% down from its 52-week high.

Volatility

S&P/ASX ALL AUSTRALIAN 200’s last week, last month’s, and last quarter’s current intraday variation average was 0.37%, 0.34%, and 0.89%, respectively.

S&P/ASX ALL AUSTRALIAN 200’s highest amplitude of average volatility was 0.42% (last week), 0.66% (last month), and 0.89% (last quarter), respectively.

Index Price Classification

According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, S&P/ASX ALL AUSTRALIAN 200’s is considered to be oversold (<=20).

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