Capitec Bank (South Africa) Market Value
| CPI Stock | 326,118 663.00 0.20% |
| Symbol | Capitec |
Capitec Bank '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 Capitec Bank'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 Capitec Bank.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Capitec Bank on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Capitec Bank Holdings or generate 0.0% return on investment in Capitec Bank over 30 days. Capitec Bank is related to or competes with Safari Investments, HomeChoice Investments, Trematon Capital, Astoria Investments, Kumba Iron, and Harmony Gold. More
Capitec Bank 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 Capitec Bank'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 Capitec Bank Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9071 | |||
| Information Ratio | 0.0283 | |||
| Maximum Drawdown | 4.58 | |||
| Value At Risk | (1.56) | |||
| Potential Upside | 1.99 |
Capitec Bank Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Capitec Bank's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Capitec Bank's standard deviation. In reality, there are many statistical measures that can use Capitec Bank historical prices to predict the future Capitec Bank's volatility.| Risk Adjusted Performance | 0.1236 | |||
| Jensen Alpha | 0.1412 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.0331 | |||
| Treynor Ratio | 1.22 |
Capitec Bank Holdings Backtested Returns
At this point, Capitec Bank is very steady. Capitec Bank Holdings secures Sharpe Ratio (or Efficiency) of 0.16, which signifies that the company had a 0.16% return per unit of risk over the last 3 months. We have found thirty technical indicators for Capitec Bank Holdings, which you can use to evaluate the volatility of the firm. Please confirm Capitec Bank's Downside Deviation of 0.9071, risk adjusted performance of 0.1236, and Mean Deviation of 0.8625 to double-check if the risk estimate we provide is consistent with the expected return of 0.18%. Capitec Bank has a performance score of 12 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.13, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Capitec Bank's returns are expected to increase less than the market. However, during the bear market, the loss of holding Capitec Bank is expected to be smaller as well. Capitec Bank Holdings right now shows a risk of 1.07%. Please confirm Capitec Bank Holdings jensen alpha, maximum drawdown, semi variance, as well as the relationship between the sortino ratio and potential upside , to decide if Capitec Bank Holdings will be following its price patterns.
Auto-correlation | 0.62 |
Good predictability
Capitec Bank Holdings has good predictability. Overlapping area represents the amount of predictability between Capitec Bank time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Capitec Bank Holdings price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current Capitec Bank price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 20.9 M |
Capitec Bank Holdings lagged returns against current returns
Autocorrelation, which is Capitec Bank 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 Capitec Bank's stock expected returns. We can calculate the autocorrelation of Capitec Bank returns to help us make a trade decision. For example, suppose you find that Capitec Bank 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 |
Capitec Bank 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 Capitec Bank stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Capitec Bank stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Capitec Bank stock over time.
Current vs Lagged Prices |
| Timeline |
Capitec Bank Lagged Returns
When evaluating Capitec Bank's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Capitec Bank stock have on its future price. Capitec Bank 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, Capitec Bank autocorrelation shows the relationship between Capitec Bank stock current value and its past values and can show if there is a momentum factor associated with investing in Capitec Bank Holdings.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Capitec Stock
Capitec Bank financial ratios help investors to determine whether Capitec Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Capitec with respect to the benefits of owning Capitec Bank security.