AFRICAN DOMESTIC (Mauritius) Market Value
| ADBF Stock | 6.24 0.02 0.32% |
| Symbol | AFRICAN |
AFRICAN DOMESTIC 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to AFRICAN DOMESTIC's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of AFRICAN DOMESTIC.
| 06/25/2024 |
| 12/22/2024 |
If you would invest 0.00 in AFRICAN DOMESTIC on June 25, 2024 and sell it all today you would earn a total of 0.00 from holding AFRICAN DOMESTIC BOND or generate 0.0% return on investment in AFRICAN DOMESTIC over 180 days.
AFRICAN DOMESTIC Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure AFRICAN DOMESTIC's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess AFRICAN DOMESTIC BOND upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 6.35 | |||
| Value At Risk | (0.46) | |||
| Potential Upside | 0.4847 |
AFRICAN DOMESTIC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AFRICAN DOMESTIC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AFRICAN DOMESTIC's standard deviation. In reality, there are many statistical measures that can use AFRICAN DOMESTIC historical prices to predict the future AFRICAN DOMESTIC's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | (0.25) |
AFRICAN DOMESTIC BOND Backtested Returns
AFRICAN DOMESTIC BOND secures Sharpe Ratio (or Efficiency) of -0.0593, which signifies that the company had a -0.0593% return per unit of risk over the last 3 months. AFRICAN DOMESTIC BOND exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm AFRICAN DOMESTIC's risk adjusted performance of (0.05), and Mean Deviation of 0.2017 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.19, which signifies not very significant fluctuations relative to the market. As returns on the market increase, AFRICAN DOMESTIC's returns are expected to increase less than the market. However, during the bear market, the loss of holding AFRICAN DOMESTIC is expected to be smaller as well. At this point, AFRICAN DOMESTIC BOND has a negative expected return of -0.0391%. Please make sure to confirm AFRICAN DOMESTIC's treynor ratio, skewness, and the relationship between the total risk alpha and potential upside , to decide if AFRICAN DOMESTIC BOND performance from the past will be repeated in the future.
Auto-correlation | -0.32 |
Poor reverse predictability
AFRICAN DOMESTIC BOND has poor reverse predictability. Overlapping area represents the amount of predictability between AFRICAN DOMESTIC time series from 25th of June 2024 to 23rd of September 2024 and 23rd of September 2024 to 22nd of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of AFRICAN DOMESTIC BOND price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current AFRICAN DOMESTIC price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
AFRICAN DOMESTIC BOND lagged returns against current returns
Autocorrelation, which is AFRICAN DOMESTIC stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting AFRICAN DOMESTIC's stock expected returns. We can calculate the autocorrelation of AFRICAN DOMESTIC returns to help us make a trade decision. For example, suppose you find that AFRICAN DOMESTIC has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
AFRICAN DOMESTIC regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If AFRICAN DOMESTIC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AFRICAN DOMESTIC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AFRICAN DOMESTIC stock over time.
Current vs Lagged Prices |
| Timeline |
AFRICAN DOMESTIC Lagged Returns
When evaluating AFRICAN DOMESTIC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AFRICAN DOMESTIC stock have on its future price. AFRICAN DOMESTIC autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, AFRICAN DOMESTIC autocorrelation shows the relationship between AFRICAN DOMESTIC stock current value and its past values and can show if there is a momentum factor associated with investing in AFRICAN DOMESTIC BOND.
Regressed Prices |
| Timeline |
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