AFRIPRISE INVESTMENT's market value is the price at which a share of AFRIPRISE INVESTMENT trades on a public exchange. It measures the collective expectations of AFRIPRISE INVESTMENT PLC investors about its performance. AFRIPRISE INVESTMENT is trading at 235.00 as of the 29th of November 2024. This is a 2.08 percent decrease since the beginning of the trading day. The stock's open price was 240.0. With this module, you can estimate the performance of a buy and hold strategy of AFRIPRISE INVESTMENT PLC and determine expected loss or profit from investing in AFRIPRISE INVESTMENT 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 american community survey.
Symbol
AFRIPRISE
AFRIPRISE 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 AFRIPRISE 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 AFRIPRISE INVESTMENT.
0.00
10/30/2024
No Change 0.00
0.0
In 30 days
11/29/2024
0.00
If you would invest 0.00 in AFRIPRISE INVESTMENT on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding AFRIPRISE INVESTMENT PLC or generate 0.0% return on investment in AFRIPRISE INVESTMENT over 30 days.
AFRIPRISE 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 AFRIPRISE 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 AFRIPRISE INVESTMENT PLC 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 AFRIPRISE INVESTMENT's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AFRIPRISE INVESTMENT's standard deviation. In reality, there are many statistical measures that can use AFRIPRISE INVESTMENT historical prices to predict the future AFRIPRISE INVESTMENT's volatility.
AFRIPRISE INVESTMENT is very steady at the moment. AFRIPRISE INVESTMENT PLC secures Sharpe Ratio (or Efficiency) of 0.0281, which signifies that the company had a 0.0281% return per unit of risk over the last 3 months. We have found thirty technical indicators for AFRIPRISE INVESTMENT PLC, which you can use to evaluate the volatility of the firm. Please confirm AFRIPRISE INVESTMENT's risk adjusted performance of 0.0273, and Mean Deviation of 1.02 to double-check if the risk estimate we provide is consistent with the expected return of 0.0505%. AFRIPRISE INVESTMENT has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.23, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning AFRIPRISE INVESTMENT are expected to decrease at a much lower rate. During the bear market, AFRIPRISE INVESTMENT is likely to outperform the market. AFRIPRISE INVESTMENT PLC now shows a risk of 1.8%. Please confirm AFRIPRISE INVESTMENT PLC expected short fall, and the relationship between the maximum drawdown and rate of daily change , to decide if AFRIPRISE INVESTMENT PLC will be following its price patterns.
Auto-correlation
-0.1
Very weak reverse predictability
AFRIPRISE INVESTMENT PLC has very weak reverse predictability. Overlapping area represents the amount of predictability between AFRIPRISE INVESTMENT time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 AFRIPRISE INVESTMENT PLC price movement. The serial correlation of -0.1 indicates that less than 10.0% of current AFRIPRISE INVESTMENT price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.1
Spearman Rank Test
0.28
Residual Average
0.0
Price Variance
6.61
AFRIPRISE INVESTMENT PLC lagged returns against current returns
Autocorrelation, which is AFRIPRISE 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 AFRIPRISE INVESTMENT's stock expected returns. We can calculate the autocorrelation of AFRIPRISE INVESTMENT returns to help us make a trade decision. For example, suppose you find that AFRIPRISE 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
AFRIPRISE 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 AFRIPRISE INVESTMENT stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AFRIPRISE INVESTMENT stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AFRIPRISE INVESTMENT stock over time.
Current vs Lagged Prices
Timeline
AFRIPRISE INVESTMENT Lagged Returns
When evaluating AFRIPRISE INVESTMENT's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AFRIPRISE INVESTMENT stock have on its future price. AFRIPRISE 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, AFRIPRISE INVESTMENT autocorrelation shows the relationship between AFRIPRISE INVESTMENT stock current value and its past values and can show if there is a momentum factor associated with investing in AFRIPRISE INVESTMENT PLC.
Regressed Prices
Timeline
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