ISA Holdings (South Africa) Market Value
| ISA Stock | 185.00 3.00 1.65% |
| Symbol | ISA |
ISA Holdings '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 ISA Holdings' 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 ISA Holdings.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in ISA Holdings on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding ISA Holdings or generate 0.0% return on investment in ISA Holdings over 30 days. ISA Holdings is related to or competes with Reinet Investments, HomeChoice Investments, Bytes Technology, and RCL Foods. More
ISA Holdings 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 ISA Holdings' 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 ISA Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 21.95 | |||
| Value At Risk | (6.35) | |||
| Potential Upside | 6.18 |
ISA Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ISA Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ISA Holdings' standard deviation. In reality, there are many statistical measures that can use ISA Holdings historical prices to predict the future ISA Holdings' volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.72) | |||
| Treynor Ratio | 0.2969 |
ISA Holdings Backtested Returns
ISA Holdings retains Efficiency (Sharpe Ratio) of -0.0459, which attests that the entity had a -0.0459% return per unit of return volatility over the last 3 months. ISA Holdings exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out ISA Holdings' Market Risk Adjusted Performance of 0.3069, standard deviation of 3.64, and Coefficient Of Variation of (2,721) to validate the risk estimate we provide. The company owns a Beta (Systematic Risk) of -0.48, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning ISA Holdings are expected to decrease at a much lower rate. During the bear market, ISA Holdings is likely to outperform the market. At this point, ISA Holdings has a negative expected return of -0.17%. Please make sure to check out ISA Holdings' coefficient of variation, total risk alpha, skewness, as well as the relationship between the information ratio and maximum drawdown , to decide if ISA Holdings performance from the past will be repeated in the future.
Auto-correlation | -0.32 |
Poor reverse predictability
ISA Holdings has poor reverse predictability. Overlapping area represents the amount of predictability between ISA Holdings time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 ISA Holdings price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current ISA Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 17.83 |
ISA Holdings lagged returns against current returns
Autocorrelation, which is ISA Holdings 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 ISA Holdings' stock expected returns. We can calculate the autocorrelation of ISA Holdings returns to help us make a trade decision. For example, suppose you find that ISA Holdings 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 |
ISA Holdings 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 ISA Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ISA Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ISA Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
ISA Holdings Lagged Returns
When evaluating ISA Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ISA Holdings stock have on its future price. ISA Holdings 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, ISA Holdings autocorrelation shows the relationship between ISA Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in ISA Holdings.
Regressed Prices |
| Timeline |
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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 ISA Stock
ISA Holdings financial ratios help investors to determine whether ISA 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 ISA with respect to the benefits of owning ISA Holdings security.