TOTALENERGIES MARKETING (Nigeria) Market Value
| TOTAL Stock | 673.90 0.00 0.00% |
| Symbol | TOTALENERGIES |
TOTALENERGIES MARKETING '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 TOTALENERGIES MARKETING'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 TOTALENERGIES MARKETING.
| 11/19/2023 |
| 12/13/2024 |
If you would invest 0.00 in TOTALENERGIES MARKETING on November 19, 2023 and sell it all today you would earn a total of 0.00 from holding TOTALENERGIES MARKETING NIGERIA or generate 0.0% return on investment in TOTALENERGIES MARKETING over 390 days.
TOTALENERGIES MARKETING 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 TOTALENERGIES MARKETING'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 TOTALENERGIES MARKETING NIGERIA upside and downside potential and time the market with a certain degree of confidence.
TOTALENERGIES MARKETING Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TOTALENERGIES MARKETING's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TOTALENERGIES MARKETING's standard deviation. In reality, there are many statistical measures that can use TOTALENERGIES MARKETING historical prices to predict the future TOTALENERGIES MARKETING's volatility.TOTALENERGIES MARKETING Backtested Returns
We have found three technical indicators for TOTALENERGIES MARKETING NIGERIA, which you can use to evaluate the volatility of the company. The entity has a beta of 0.0, which indicates not very significant fluctuations relative to the market. the returns on MARKET and TOTALENERGIES MARKETING are completely uncorrelated.
Auto-correlation | -0.76 |
Almost perfect reverse predictability
TOTALENERGIES MARKETING NIGERIA has almost perfect reverse predictability. Overlapping area represents the amount of predictability between TOTALENERGIES MARKETING time series from 19th of November 2023 to 1st of June 2024 and 1st of June 2024 to 13th 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 TOTALENERGIES MARKETING price movement. The serial correlation of -0.76 indicates that around 76.0% of current TOTALENERGIES MARKETING price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.76 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 18.4 K |
TOTALENERGIES MARKETING lagged returns against current returns
Autocorrelation, which is TOTALENERGIES MARKETING 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 TOTALENERGIES MARKETING's stock expected returns. We can calculate the autocorrelation of TOTALENERGIES MARKETING returns to help us make a trade decision. For example, suppose you find that TOTALENERGIES MARKETING 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 |
TOTALENERGIES MARKETING 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 TOTALENERGIES MARKETING stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TOTALENERGIES MARKETING stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TOTALENERGIES MARKETING stock over time.
Current vs Lagged Prices |
| Timeline |
TOTALENERGIES MARKETING Lagged Returns
When evaluating TOTALENERGIES MARKETING's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TOTALENERGIES MARKETING stock have on its future price. TOTALENERGIES MARKETING 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, TOTALENERGIES MARKETING autocorrelation shows the relationship between TOTALENERGIES MARKETING stock current value and its past values and can show if there is a momentum factor associated with investing in TOTALENERGIES MARKETING NIGERIA.
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.Additional Tools for TOTALENERGIES Stock Analysis
When running TOTALENERGIES MARKETING's price analysis, check to measure TOTALENERGIES MARKETING'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 TOTALENERGIES MARKETING is operating at the current time. Most of TOTALENERGIES MARKETING's value examination focuses on studying past and present price action to predict the probability of TOTALENERGIES MARKETING's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TOTALENERGIES MARKETING's price. Additionally, you may evaluate how the addition of TOTALENERGIES MARKETING to your portfolios can decrease your overall portfolio volatility.