ECONET WIRELESS (Zimbabwe) Performance
| ECO Stock | 320.62 10.95 3.30% |
On a scale of 0 to 100, ECONET WIRELESS holds a performance score of 3. The firm shows a Beta (market volatility) of 0.0612, which means not very significant fluctuations relative to the market. As returns on the market increase, ECONET WIRELESS's returns are expected to increase less than the market. However, during the bear market, the loss of holding ECONET WIRELESS is expected to be smaller as well. Please check ECONET WIRELESS's sortino ratio, skewness, price action indicator, as well as the relationship between the potential upside and rate of daily change , to make a quick decision on whether ECONET WIRELESS's price patterns will revert.
Risk-Adjusted Performance
3 of 100
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Insignificant
Compared to the overall equity markets, risk-adjusted returns on investments in ECONET WIRELESS HOLDINGS are ranked lower than 3 (%) of all global equities and portfolios over the last 90 days. Despite fairly weak forward indicators, ECONET WIRELESS demonstrated solid returns over the last few months and may actually be approaching a breakup point. ...more
ECONET |
ECONET WIRELESS Relative Risk vs. Return Landscape
If you would invest 30,359 in ECONET WIRELESS HOLDINGS on October 7, 2024 and sell it today you would earn a total of 1,703 from holding ECONET WIRELESS HOLDINGS or generate 5.61% return on investment over 90 days. ECONET WIRELESS HOLDINGS is generating 0.2723% of daily returns and assumes 6.1332% volatility on return distribution over the 90 days horizon. Simply put, 54% of stocks are less volatile than ECONET, and 95% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
ECONET WIRELESS Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for ECONET WIRELESS's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as ECONET WIRELESS HOLDINGS, and traders can use it to determine the average amount a ECONET WIRELESS's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0444
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Estimated Market Risk
| 6.13 actual daily | 54 54% of assets are less volatile |
Expected Return
| 0.27 actual daily | 5 95% of assets have higher returns |
Risk-Adjusted Return
| 0.04 actual daily | 3 97% of assets perform better |
Based on monthly moving average ECONET WIRELESS is performing at about 3% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of ECONET WIRELESS by adding it to a well-diversified portfolio.
Things to note about ECONET WIRELESS HOLDINGS performance evaluation
Checking the ongoing alerts about ECONET WIRELESS for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for ECONET WIRELESS HOLDINGS help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| ECONET WIRELESS had very high historical volatility over the last 90 days |
- Analyzing ECONET WIRELESS's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether ECONET WIRELESS's stock is overvalued or undervalued compared to its peers.
- Examining ECONET WIRELESS's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating ECONET WIRELESS's management team can have a significant impact on its success or failure. Reviewing the track record and experience of ECONET WIRELESS's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of ECONET WIRELESS's stock. These opinions can provide insight into ECONET WIRELESS's potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for ECONET Stock analysis
When running ECONET WIRELESS's price analysis, check to measure ECONET WIRELESS'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 ECONET WIRELESS is operating at the current time. Most of ECONET WIRELESS's value examination focuses on studying past and present price action to predict the probability of ECONET WIRELESS's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ECONET WIRELESS's price. Additionally, you may evaluate how the addition of ECONET WIRELESS to your portfolios can decrease your overall portfolio volatility.
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