Coronation Global (South Africa) Market Value
| 0P0000YIGC | 179.76 0.76 0.42% |
| Symbol | Coronation |
Coronation Global '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 Coronation Global's fund 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 Coronation Global.
| 01/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in Coronation Global on January 9, 2023 and sell it all today you would earn a total of 0.00 from holding Coronation Global Optimum or generate 0.0% return on investment in Coronation Global over 690 days.
Coronation Global 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 Coronation Global's fund 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 Coronation Global Optimum upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7465 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 4.56 | |||
| Value At Risk | (1.23) | |||
| Potential Upside | 2.01 |
Coronation Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Coronation Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Coronation Global's standard deviation. In reality, there are many statistical measures that can use Coronation Global historical prices to predict the future Coronation Global's volatility.| Risk Adjusted Performance | 0.103 | |||
| Jensen Alpha | 0.1051 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 2.42 |
Coronation Global Optimum Backtested Returns
At this stage we consider Coronation Fund to be very steady. Coronation Global Optimum secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the fund had a 0.12% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Coronation Global Optimum, which you can use to evaluate the volatility of the entity. Please confirm Coronation Global's Downside Deviation of 0.7465, mean deviation of 0.7122, and Risk Adjusted Performance of 0.103 to double-check if the risk estimate we provide is consistent with the expected return of 0.11%. The fund shows a Beta (market volatility) of 0.0456, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Coronation Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Coronation Global is expected to be smaller as well.
Auto-correlation | 0.25 |
Poor predictability
Coronation Global Optimum has poor predictability. Overlapping area represents the amount of predictability between Coronation Global time series from 9th of January 2023 to 20th of December 2023 and 20th of December 2023 to 29th 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 Coronation Global Optimum price movement. The serial correlation of 0.25 indicates that over 25.0% of current Coronation Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 24.62 |
Coronation Global Optimum lagged returns against current returns
Autocorrelation, which is Coronation Global fund'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 Coronation Global's fund expected returns. We can calculate the autocorrelation of Coronation Global returns to help us make a trade decision. For example, suppose you find that Coronation Global has exhibited high autocorrelation historically, and you observe that the fund 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 |
Coronation Global 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 Coronation Global fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Coronation Global fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Coronation Global fund over time.
Current vs Lagged Prices |
| Timeline |
Coronation Global Lagged Returns
When evaluating Coronation Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Coronation Global fund have on its future price. Coronation Global 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, Coronation Global autocorrelation shows the relationship between Coronation Global fund current value and its past values and can show if there is a momentum factor associated with investing in Coronation Global Optimum.
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.| Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
| Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk |