Airtel Africa Plc Stock Market Value
| AARTY Stock | USD 12.95 0.45 3.60% |
| 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.
| 11/29/2023 |
| 11/23/2024 |
If you would invest 0.00 in Airtel Africa on November 29, 2023 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 360 days. Airtel Africa is related to or competes with Pinterest, CDW Corp, Shake Shack, Kura Sushi, Infosys, and NetSol Technologies. 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 | (0.20) | |||
| Maximum Drawdown | 12.86 |
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 | (0.09) | |||
| Jensen Alpha | (0.28) | |||
| Total Risk Alpha | (0.51) | |||
| Treynor Ratio | (0.52) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Airtel Africa's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Airtel Africa Plc Backtested Returns
Airtel Africa Plc secures Sharpe Ratio (or Efficiency) of -0.12, which signifies that the company had a -0.12% return per unit of risk over the last 3 months. Airtel Africa Plc exposes twenty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Airtel Africa's Mean Deviation of 0.6084, standard deviation of 1.79, and Risk Adjusted Performance of (0.09) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.44, 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 -0.22%. Please make sure to confirm Airtel Africa's information ratio and rate of daily change , to decide if Airtel Africa Plc performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.36 |
Poor reverse predictability
Airtel Africa Plc has poor reverse predictability. Overlapping area represents the amount of predictability between Airtel Africa time series from 29th of November 2023 to 27th of May 2024 and 27th of May 2024 to 23rd 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 -0.36 indicates that just about 36.0% of current Airtel Africa price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.36 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.61 |
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 |
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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 Airtel Pink Sheet Analysis
When running Airtel Africa's price analysis, check to measure Airtel Africa'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 Airtel Africa is operating at the current time. Most of Airtel Africa's value examination focuses on studying past and present price action to predict the probability of Airtel Africa's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Airtel Africa's price. Additionally, you may evaluate how the addition of Airtel Africa to your portfolios can decrease your overall portfolio volatility.