AfroCentric Investment's market value is the price at which a share of AfroCentric Investment trades on a public exchange. It measures the collective expectations of AfroCentric Investment Corp investors about its performance. AfroCentric Investment is trading at 173.00 as of the 19th of January 2025, a 3.89% down since the beginning of the trading day. The stock's lowest day price was 173.0. With this module, you can estimate the performance of a buy and hold strategy of AfroCentric Investment Corp and determine expected loss or profit from investing in AfroCentric Investment over a given investment horizon. Check out AfroCentric Investment Correlation, AfroCentric Investment Volatility and AfroCentric Investment Alpha and Beta module to complement your research on AfroCentric Investment.
Please note, there is a significant difference between AfroCentric Investment's value and its price as these two are different measures arrived at by different means. Investors typically determine if AfroCentric Investment is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AfroCentric Investment's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
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.
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.
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.
AfroCentric Investment 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. 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 Mean Deviation of 3.42, risk adjusted performance of (0.09), and Standard Deviation of 5.23 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.78, which signifies possible diversification benefits within a given portfolio. 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 -0.62%. 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
0.36
Below average predictability
AfroCentric Investment Corp has below average predictability. Overlapping area represents the amount of predictability between AfroCentric Investment time series from 20th of December 2024 to 4th of January 2025 and 4th of January 2025 to 19th of January 2025. 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 0.36 indicates that just about 36.0% of current AfroCentric Investment price fluctuation can be explain by its past prices.
Correlation Coefficient
0.36
Spearman Rank Test
0.3
Residual Average
0.0
Price Variance
338.25
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.