Artive Commerce Indexes
ACI 50 vs SA40.
How listed South African commerce has done against the market as a whole. The SA40 is the JSE Top 40: the 40 largest companies on the JSE, miners, banks and insurers included. The ACI 50 is commerce only.
ACI 50
R787.09
Today -0.44%
SA40 JSE Top 40
99,394 points
Today -1.75%
Artive Commerce IndexesEvery period.
| Period | ACI 50 | SA40 | Difference |
|---|---|---|---|
| 1 month | -2.3% | -9.3% | +7.0 ptsACI 50 ahead |
| 3 months | -7.9% | -2.6% | -5.3 ptsACI 50 behind |
| Year to date | -8.1% | -7.9% | -0.2 ptsACI 50 behind |
| 1 year | -6.2% | -2.9% | -3.3 ptsACI 50 behind |
| 2 years | – | – | – |
| 5 years | – | – | – |
ACI 50 vs SA40Side by side.
Artive Commerce IndexesRelative strength.
The ACI 50 divided by the SA40, times 100. When the line rises, commerce is beating the market; when it falls, the market is winning.
Artive Commerce IndexesRisk, over one year.
From daily closes over the last year. Volatility is annualised.
| ACI 50 | SA40 | |
|---|---|---|
| Volatility | 11.2% | 21.2% |
| Largest fall from a high | -11.0% | -17.4% |
| Best day | +2.61% | +4.16% |
| Worst day | -2.64% | -5.85% |
- Beta of the ACI 50 to the SA40
- 0.29
- Above 1, the ACI 50 tends to move more than the SA40; below 1, less.
- Correlation
- 0.54
- From -1 to 1: how closely the two move together day to day.
Artive Commerce IndexesWhat’s different.
| ACI 50 | SA40 | |
|---|---|---|
| What’s in it | 50 commerce shares: grocers, brands, fashion, platforms, payments, landlords and more. | The 40 largest JSE companies across every sector, including miners, banks and insurers. |
| How it’s weighted | Market value with caps: no company above 24%, and the biggest names held to 40% together. Reset quarterly. | Free-float market value, by FTSE/JSE. Reviewed quarterly. |
| How it’s quoted | In rand: the weighted average share price of its members. | In index points. |
SA40 is the name many brokers use for the JSE Top 40 index (FTSE/JSE Top 40, J200). Its prices here are delayed closes from Yahoo Finance.
Artive Capital doesn’t raise outside capital; it only trades and invests Artive’s own, and has no clients. This is a screen we use to decide where to look, not a recommendation to buy or sell anything. Prices are delayed and third-party data can be wrong; check with your broker before you act.
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