African Pioneer (UK) Market Value
| AFP Stock | 1.50 0.05 3.45% |
| Symbol | African |
African Pioneer '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 African Pioneer'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 African Pioneer.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in African Pioneer on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding African Pioneer PLC or generate 0.0% return on investment in African Pioneer over 30 days. African Pioneer is related to or competes with International Biotechnology, Take Two, Allianz Technology, Polar Capital, Vitec Software, Cognizant Technology, and Spotify Technology. African Pioneer is entity of United Kingdom More
African Pioneer 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 African Pioneer'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 African Pioneer PLC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.38) | |||
| Maximum Drawdown | 12.56 | |||
| Value At Risk | (4.76) |
African Pioneer Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for African Pioneer's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as African Pioneer's standard deviation. In reality, there are many statistical measures that can use African Pioneer historical prices to predict the future African Pioneer's volatility.| Risk Adjusted Performance | (0.24) | |||
| Jensen Alpha | (0.59) | |||
| Total Risk Alpha | (0.93) | |||
| Treynor Ratio | 1.47 |
African Pioneer PLC Backtested Returns
African Pioneer PLC secures Sharpe Ratio (or Efficiency) of -0.28, which signifies that the company had a -0.28% return per unit of risk over the last 3 months. African Pioneer PLC exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm African Pioneer's Risk Adjusted Performance of (0.24), mean deviation of 1.22, and Standard Deviation of 1.97 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.43, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning African Pioneer are expected to decrease at a much lower rate. During the bear market, African Pioneer is likely to outperform the market. At this point, African Pioneer PLC has a negative expected return of -0.51%. Please make sure to confirm African Pioneer's accumulation distribution, day typical price, and the relationship between the skewness and rate of daily change , to decide if African Pioneer PLC performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.92 |
Excellent predictability
African Pioneer PLC has excellent predictability. Overlapping area represents the amount of predictability between African Pioneer time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 African Pioneer PLC price movement. The serial correlation of 0.92 indicates that approximately 92.0% of current African Pioneer price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.92 | |
| Spearman Rank Test | 0.84 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
African Pioneer PLC lagged returns against current returns
Autocorrelation, which is African Pioneer 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 African Pioneer's stock expected returns. We can calculate the autocorrelation of African Pioneer returns to help us make a trade decision. For example, suppose you find that African Pioneer 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 |
African Pioneer 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 African Pioneer stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if African Pioneer stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in African Pioneer stock over time.
Current vs Lagged Prices |
| Timeline |
African Pioneer Lagged Returns
When evaluating African Pioneer's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of African Pioneer stock have on its future price. African Pioneer 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, African Pioneer autocorrelation shows the relationship between African Pioneer stock current value and its past values and can show if there is a momentum factor associated with investing in African Pioneer PLC.
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 African Stock
African Pioneer financial ratios help investors to determine whether African 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 African with respect to the benefits of owning African Pioneer security.