Airtel Africa Plc Stock Market Value
| AAFRF Stock | USD 1.25 0.01 0.81% |
| Symbol | Airtel |
Airtel Africa '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 Airtel Africa's pink sheet 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 Airtel Africa.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Airtel Africa on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Airtel Africa Plc or generate 0.0% return on investment in Airtel Africa over 30 days. Airtel Africa is related to or competes with BCE, and Advanced Info. Airtel Africa Plc, together with its subsidiaries, provides telecommunications and mobile money services to customers in... More
Airtel Africa 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 Airtel Africa's pink sheet 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 Airtel Africa Plc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 26.31 | |||
| Value At Risk | (5.69) | |||
| Potential Upside | 5.65 |
Airtel Africa Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Airtel Africa's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Airtel Africa's standard deviation. In reality, there are many statistical measures that can use Airtel Africa historical prices to predict the future Airtel Africa's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (0.78) | |||
| Treynor Ratio | (0.19) |
Airtel Africa Plc Backtested Returns
Airtel Africa Plc secures Sharpe Ratio (or Efficiency) of -0.054, which signifies that the company had a -0.054% return per unit of risk over the last 3 months. Airtel Africa Plc exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Airtel Africa's Risk Adjusted Performance of (0.02), mean deviation of 2.01, and Standard Deviation of 3.95 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.82, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Airtel Africa's returns are expected to increase less than the market. However, during the bear market, the loss of holding Airtel Africa is expected to be smaller as well. At this point, Airtel Africa Plc has a negative expected return of -0.21%. Please make sure to confirm Airtel Africa's potential upside, as well as the relationship between the daily balance of power and market facilitation index , to decide if Airtel Africa Plc performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.09 |
Very weak reverse predictability
Airtel Africa Plc has very weak reverse predictability. Overlapping area represents the amount of predictability between Airtel Africa time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Airtel Africa Plc price movement. The serial correlation of -0.09 indicates that less than 9.0% of current Airtel Africa price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.09 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Airtel Africa Plc lagged returns against current returns
Autocorrelation, which is Airtel Africa pink sheet'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 Airtel Africa's pink sheet expected returns. We can calculate the autocorrelation of Airtel Africa returns to help us make a trade decision. For example, suppose you find that Airtel Africa has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Airtel Africa 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 Airtel Africa pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Airtel Africa pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Airtel Africa pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Airtel Africa Lagged Returns
When evaluating Airtel Africa's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Airtel Africa pink sheet have on its future price. Airtel Africa 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, Airtel Africa autocorrelation shows the relationship between Airtel Africa pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Airtel Africa Plc.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Airtel Pink Sheet
Airtel Africa financial ratios help investors to determine whether Airtel Pink Sheet 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 Airtel with respect to the benefits of owning Airtel Africa security.