Datatec's market value is the price at which a share of Datatec trades on a public exchange. It measures the collective expectations of Datatec investors about its performance. Datatec is trading at 4352.00 as of the 30th of November 2024, a 0.35 percent increase since the beginning of the trading day. The stock's lowest day price was 4295.0. With this module, you can estimate the performance of a buy and hold strategy of Datatec and determine expected loss or profit from investing in Datatec over a given investment horizon. Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in inflation.
Symbol
Datatec
Datatec '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 Datatec'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 Datatec.
0.00
10/31/2024
No Change 0.00
0.0
In 31 days
11/30/2024
0.00
If you would invest 0.00 in Datatec on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Datatec or generate 0.0% return on investment in Datatec over 30 days.
Datatec 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 Datatec'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 Datatec upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Datatec's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Datatec's standard deviation. In reality, there are many statistical measures that can use Datatec historical prices to predict the future Datatec's volatility.
Datatec appears to be very steady, given 3 months investment horizon. Datatec secures Sharpe Ratio (or Efficiency) of 0.17, which denotes the company had a 0.17% return per unit of risk over the last 3 months. We have found thirty technical indicators for Datatec, which you can use to evaluate the volatility of the firm. Please utilize Datatec's Mean Deviation of 1.37, downside deviation of 1.43, and Coefficient Of Variation of 608.39 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Datatec holds a performance score of 13. The firm shows a Beta (market volatility) of -0.0181, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Datatec are expected to decrease at a much lower rate. During the bear market, Datatec is likely to outperform the market. Please check Datatec's potential upside, skewness, and the relationship between the maximum drawdown and semi variance , to make a quick decision on whether Datatec's price patterns will revert.
Auto-correlation
-0.81
Excellent reverse predictability
Datatec has excellent reverse predictability. Overlapping area represents the amount of predictability between Datatec 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 Datatec price movement. The serial correlation of -0.81 indicates that around 81.0% of current Datatec price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.81
Spearman Rank Test
-0.75
Residual Average
0.0
Price Variance
31.1 K
Datatec lagged returns against current returns
Autocorrelation, which is Datatec 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 Datatec's stock expected returns. We can calculate the autocorrelation of Datatec returns to help us make a trade decision. For example, suppose you find that Datatec 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
Datatec 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 Datatec stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Datatec stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Datatec stock over time.
Current vs Lagged Prices
Timeline
Datatec Lagged Returns
When evaluating Datatec's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Datatec stock have on its future price. Datatec 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, Datatec autocorrelation shows the relationship between Datatec stock current value and its past values and can show if there is a momentum factor associated with investing in Datatec.
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.