Arab Dairy's market value is the price at which a share of Arab Dairy trades on a public exchange. It measures the collective expectations of The Arab Dairy investors about its performance. Arab Dairy is trading at 2.95 as of the 25th of November 2024. This is a 0.67% down since the beginning of the trading day. The stock's lowest day price was 2.94. With this module, you can estimate the performance of a buy and hold strategy of The Arab Dairy and determine expected loss or profit from investing in Arab Dairy over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
Arab
Arab Dairy '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 Arab Dairy'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 Arab Dairy.
0.00
10/26/2024
No Change 0.00
0.0
In 31 days
11/25/2024
0.00
If you would invest 0.00 in Arab Dairy on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding The Arab Dairy or generate 0.0% return on investment in Arab Dairy over 30 days.
Arab Dairy 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 Arab Dairy'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 The Arab Dairy 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 Arab Dairy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Arab Dairy's standard deviation. In reality, there are many statistical measures that can use Arab Dairy historical prices to predict the future Arab Dairy's volatility.
Arab Dairy appears to be very risky, given 3 months investment horizon. Arab Dairy secures Sharpe Ratio (or Efficiency) of 0.18, which signifies that the company had a 0.18% return per unit of standard deviation over the last 3 months. By analyzing Arab Dairy's technical indicators, you can evaluate if the expected return of 0.69% is justified by implied risk. Please makes use of Arab Dairy's Semi Deviation of 2.28, risk adjusted performance of 0.1382, and Mean Deviation of 2.44 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Arab Dairy holds a performance score of 14. 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, returns on owning Arab Dairy are expected to decrease at a much lower rate. During the bear market, Arab Dairy is likely to outperform the market. Please check Arab Dairy's downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Arab Dairy's price patterns will revert.
Auto-correlation
0.81
Very good predictability
The Arab Dairy has very good predictability. Overlapping area represents the amount of predictability between Arab Dairy time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Arab Dairy price movement. The serial correlation of 0.81 indicates that around 81.0% of current Arab Dairy price fluctuation can be explain by its past prices.
Correlation Coefficient
0.81
Spearman Rank Test
0.83
Residual Average
0.0
Price Variance
0.01
Arab Dairy lagged returns against current returns
Autocorrelation, which is Arab Dairy 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 Arab Dairy's stock expected returns. We can calculate the autocorrelation of Arab Dairy returns to help us make a trade decision. For example, suppose you find that Arab Dairy 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
Arab Dairy 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 Arab Dairy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Arab Dairy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Arab Dairy stock over time.
Current vs Lagged Prices
Timeline
Arab Dairy Lagged Returns
When evaluating Arab Dairy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Arab Dairy stock have on its future price. Arab Dairy 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, Arab Dairy autocorrelation shows the relationship between Arab Dairy stock current value and its past values and can show if there is a momentum factor associated with investing in The Arab Dairy.
Regressed Prices
Timeline
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