AFROMEDIA PLC (Nigeria) Market Value
| AFROMEDIA | 0.24 0.00 0.00% |
| Symbol | AFROMEDIA |
AFROMEDIA PLC '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 AFROMEDIA PLC'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 AFROMEDIA PLC.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in AFROMEDIA PLC on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding AFROMEDIA PLC or generate 0.0% return on investment in AFROMEDIA PLC over 720 days.
AFROMEDIA PLC 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 AFROMEDIA PLC'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 AFROMEDIA PLC upside and downside potential and time the market with a certain degree of confidence.
AFROMEDIA PLC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AFROMEDIA PLC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AFROMEDIA PLC's standard deviation. In reality, there are many statistical measures that can use AFROMEDIA PLC historical prices to predict the future AFROMEDIA PLC's volatility.AFROMEDIA PLC Backtested Returns
We have found three technical indicators for AFROMEDIA PLC, which you can use to evaluate the volatility of the firm. The firm shows a Beta (market volatility) of 0.0, which signifies not very significant fluctuations relative to the market. the returns on MARKET and AFROMEDIA PLC are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
AFROMEDIA PLC has no correlation between past and present. Overlapping area represents the amount of predictability between AFROMEDIA PLC time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 AFROMEDIA PLC price movement. The serial correlation of 0.0 indicates that just 0.0% of current AFROMEDIA PLC price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
AFROMEDIA PLC lagged returns against current returns
Autocorrelation, which is AFROMEDIA PLC 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 AFROMEDIA PLC's stock expected returns. We can calculate the autocorrelation of AFROMEDIA PLC returns to help us make a trade decision. For example, suppose you find that AFROMEDIA PLC 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 |
AFROMEDIA PLC 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 AFROMEDIA PLC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AFROMEDIA PLC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AFROMEDIA PLC stock over time.
Current vs Lagged Prices |
| Timeline |
AFROMEDIA PLC Lagged Returns
When evaluating AFROMEDIA PLC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AFROMEDIA PLC stock have on its future price. AFROMEDIA PLC 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, AFROMEDIA PLC autocorrelation shows the relationship between AFROMEDIA PLC stock current value and its past values and can show if there is a momentum factor associated with investing in AFROMEDIA PLC.
Regressed Prices |
| Timeline |