South32 (South Africa) Market Value
| S32 Stock | 3,917 183.00 4.46% |
| Symbol | South32 |
South32 '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 South32'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 South32.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in South32 on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding South32 or generate 0.0% return on investment in South32 over 30 days. South32 is related to or competes with MC Mining, Frontier Transport, Safari Investments, Bytes Technology, and Standard Bank. More
South32 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 South32'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 South32 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.94 | |||
| Information Ratio | 0.02 | |||
| Maximum Drawdown | 10.21 | |||
| Value At Risk | (2.94) | |||
| Potential Upside | 4.04 |
South32 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for South32's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as South32's standard deviation. In reality, there are many statistical measures that can use South32 historical prices to predict the future South32's volatility.| Risk Adjusted Performance | 0.0624 | |||
| Jensen Alpha | 0.091 | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | 0.0225 | |||
| Treynor Ratio | 0.2698 |
South32 Backtested Returns
At this point, South32 is very steady. South32 owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0371, which indicates the firm had a 0.0371% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for South32, which you can use to evaluate the volatility of the company. Please validate South32's Risk Adjusted Performance of 0.0624, coefficient of variation of 1295.49, and Semi Deviation of 1.8 to confirm if the risk estimate we provide is consistent with the expected return of 0.0787%. South32 has a performance score of 2 on a scale of 0 to 100. The entity has a beta of 0.59, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, South32's returns are expected to increase less than the market. However, during the bear market, the loss of holding South32 is expected to be smaller as well. South32 right now has a risk of 2.12%. Please validate South32 treynor ratio, value at risk, downside variance, as well as the relationship between the maximum drawdown and potential upside , to decide if South32 will be following its existing price patterns.
Auto-correlation | -0.74 |
Almost perfect reverse predictability
South32 has almost perfect reverse predictability. Overlapping area represents the amount of predictability between South32 time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 South32 price movement. The serial correlation of -0.74 indicates that around 74.0% of current South32 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.74 | |
| Spearman Rank Test | -0.86 | |
| Residual Average | 0.0 | |
| Price Variance | 26.1 K |
South32 lagged returns against current returns
Autocorrelation, which is South32 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 South32's stock expected returns. We can calculate the autocorrelation of South32 returns to help us make a trade decision. For example, suppose you find that South32 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 |
South32 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 South32 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if South32 stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in South32 stock over time.
Current vs Lagged Prices |
| Timeline |
South32 Lagged Returns
When evaluating South32's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of South32 stock have on its future price. South32 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, South32 autocorrelation shows the relationship between South32 stock current value and its past values and can show if there is a momentum factor associated with investing in South32.
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 South32 Stock
South32 financial ratios help investors to determine whether South32 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 South32 with respect to the benefits of owning South32 security.