Africa Energy Corp Stock Market Value
| AFE Stock | CAD 0.03 0.01 25.00% |
| Symbol | Africa |
Africa Energy Corp Price To Book Ratio
Africa Energy '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 Africa Energy'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 Africa Energy.
| 05/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in Africa Energy on May 9, 2023 and sell it all today you would earn a total of 0.00 from holding Africa Energy Corp or generate 0.0% return on investment in Africa Energy over 570 days. Africa Energy is related to or competes with IShares Canadian, PHN Multi, Global X, Altagas Cum, EcoSynthetix, Financial, and Rubicon Organics. Africa Energy Corp. operates as an oil and gas exploration and production company in South Africa and Namibia More
Africa Energy 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 Africa Energy'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 Africa Energy Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 19.79 | |||
| Information Ratio | 0.0054 | |||
| Maximum Drawdown | 45.0 | |||
| Value At Risk | (16.67) | |||
| Potential Upside | 20.0 |
Africa Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Africa Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Africa Energy's standard deviation. In reality, there are many statistical measures that can use Africa Energy historical prices to predict the future Africa Energy's volatility.| Risk Adjusted Performance | 0.0234 | |||
| Jensen Alpha | 0.219 | |||
| Total Risk Alpha | (1.27) | |||
| Sortino Ratio | 0.0026 | |||
| Treynor Ratio | (0.37) |
Africa Energy Corp Backtested Returns
At this stage we consider Africa Stock to be out of control. Africa Energy Corp secures Sharpe Ratio (or Efficiency) of 0.0103, which signifies that the company had a 0.0103% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Africa Energy Corp, which you can use to evaluate the volatility of the firm. Please confirm Africa Energy's Mean Deviation of 4.73, risk adjusted performance of 0.0234, and Downside Deviation of 19.79 to double-check if the risk estimate we provide is consistent with the expected return of 0.0922%. The firm shows a Beta (market volatility) of -0.45, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Africa Energy are expected to decrease at a much lower rate. During the bear market, Africa Energy is likely to outperform the market. Africa Energy Corp right now shows a risk of 8.91%. Please confirm Africa Energy Corp semi variance, day median price, and the relationship between the value at risk and kurtosis , to decide if Africa Energy Corp will be following its price patterns.
Auto-correlation | 0.46 |
Average predictability
Africa Energy Corp has average predictability. Overlapping area represents the amount of predictability between Africa Energy time series from 9th of May 2023 to 18th of February 2024 and 18th of February 2024 to 29th of November 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 Africa Energy Corp price movement. The serial correlation of 0.46 indicates that about 46.0% of current Africa Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.46 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Africa Energy Corp lagged returns against current returns
Autocorrelation, which is Africa Energy 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 Africa Energy's stock expected returns. We can calculate the autocorrelation of Africa Energy returns to help us make a trade decision. For example, suppose you find that Africa Energy 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 |
Africa Energy 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 Africa Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Africa Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Africa Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Africa Energy Lagged Returns
When evaluating Africa Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Africa Energy stock have on its future price. Africa Energy 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, Africa Energy autocorrelation shows the relationship between Africa Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Africa Energy Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Africa Stock Analysis
When running Africa Energy's price analysis, check to measure Africa Energy'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 Africa Energy is operating at the current time. Most of Africa Energy's value examination focuses on studying past and present price action to predict the probability of Africa Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Africa Energy's price. Additionally, you may evaluate how the addition of Africa Energy to your portfolios can decrease your overall portfolio volatility.