AfroCentric Investment (South Africa) Market Value
| ACT Stock | 209.00 21.00 9.13% |
| Symbol | AfroCentric |
AfroCentric Investment '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 AfroCentric Investment'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 AfroCentric Investment.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in AfroCentric Investment on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding AfroCentric Investment Corp or generate 0.0% return on investment in AfroCentric Investment over 510 days. AfroCentric Investment is related to or competes with Life Healthcare, Growthpoint Properties, Bowler Metcalf, Shoprite Holdings, Dis Chem, Impala Platinum, and Kap Industrial. More
AfroCentric Investment 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 AfroCentric Investment'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 AfroCentric Investment Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 29.32 | |||
| Value At Risk | (9.71) | |||
| Potential Upside | 8.73 |
AfroCentric Investment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AfroCentric Investment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AfroCentric Investment's standard deviation. In reality, there are many statistical measures that can use AfroCentric Investment historical prices to predict the future AfroCentric Investment's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.30) | |||
| Total Risk Alpha | (1.21) | |||
| Treynor Ratio | 1.94 |
AfroCentric Investment Backtested Returns
AfroCentric Investment secures Sharpe Ratio (or Efficiency) of -0.0784, which signifies that the company had a -0.0784% return per unit of risk over the last 3 months. AfroCentric Investment Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm AfroCentric Investment's Standard Deviation of 5.73, risk adjusted performance of (0.03), and Mean Deviation of 4.04 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.16, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning AfroCentric Investment are expected to decrease at a much lower rate. During the bear market, AfroCentric Investment is likely to outperform the market. At this point, AfroCentric Investment has a negative expected return of -0.45%. Please make sure to confirm AfroCentric Investment's maximum drawdown, kurtosis, day median price, as well as the relationship between the potential upside and daily balance of power , to decide if AfroCentric Investment performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.10 |
Insignificant predictability
AfroCentric Investment Corp has insignificant predictability. Overlapping area represents the amount of predictability between AfroCentric Investment time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th 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 AfroCentric Investment price movement. The serial correlation of 0.1 indicates that less than 10.0% of current AfroCentric Investment price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 279.14 |
AfroCentric Investment lagged returns against current returns
Autocorrelation, which is AfroCentric Investment 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 AfroCentric Investment's stock expected returns. We can calculate the autocorrelation of AfroCentric Investment returns to help us make a trade decision. For example, suppose you find that AfroCentric Investment 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 |
AfroCentric Investment 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 AfroCentric Investment stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AfroCentric Investment stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AfroCentric Investment stock over time.
Current vs Lagged Prices |
| Timeline |
AfroCentric Investment Lagged Returns
When evaluating AfroCentric Investment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AfroCentric Investment stock have on its future price. AfroCentric Investment 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, AfroCentric Investment autocorrelation shows the relationship between AfroCentric Investment stock current value and its past values and can show if there is a momentum factor associated with investing in AfroCentric Investment Corp.
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.Other Information on Investing in AfroCentric Stock
AfroCentric Investment financial ratios help investors to determine whether AfroCentric Stock 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 AfroCentric with respect to the benefits of owning AfroCentric Investment security.