AIICO INSURANCE (Nigeria) Market Value
| AIICO Stock | 1.24 0.01 0.80% |
| Symbol | AIICO |
AIICO INSURANCE '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 AIICO INSURANCE'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 AIICO INSURANCE.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in AIICO INSURANCE on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding AIICO INSURANCE PLC or generate 0.0% return on investment in AIICO INSURANCE over 90 days.
AIICO INSURANCE 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 AIICO INSURANCE'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 AIICO INSURANCE PLC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.54 | |||
| Information Ratio | 0.0173 | |||
| Maximum Drawdown | 11.24 | |||
| Value At Risk | (4.13) | |||
| Potential Upside | 4.35 |
AIICO INSURANCE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AIICO INSURANCE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AIICO INSURANCE's standard deviation. In reality, there are many statistical measures that can use AIICO INSURANCE historical prices to predict the future AIICO INSURANCE's volatility.| Risk Adjusted Performance | 0.059 | |||
| Jensen Alpha | 0.1425 | |||
| Total Risk Alpha | (0.23) | |||
| Sortino Ratio | 0.0172 | |||
| Treynor Ratio | 0.9711 |
AIICO INSURANCE PLC Backtested Returns
At this stage we consider AIICO Stock to be dangerous. AIICO INSURANCE PLC secures Sharpe Ratio (or Efficiency) of 0.0492, which signifies that the company had a 0.0492% return per unit of return volatility over the last 3 months. We have found twenty-nine technical indicators for AIICO INSURANCE PLC, which you can use to evaluate the volatility of the firm. Please confirm AIICO INSURANCE's Mean Deviation of 1.96, risk adjusted performance of 0.059, and Semi Deviation of 2.1 to double-check if the risk estimate we provide is consistent with the expected return of 0.12%. AIICO INSURANCE has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.17, which signifies not very significant fluctuations relative to the market. As returns on the market increase, AIICO INSURANCE's returns are expected to increase less than the market. However, during the bear market, the loss of holding AIICO INSURANCE is expected to be smaller as well. AIICO INSURANCE PLC at this time shows a risk of 2.5%. Please confirm AIICO INSURANCE PLC jensen alpha, semi variance, day typical price, as well as the relationship between the maximum drawdown and accumulation distribution , to decide if AIICO INSURANCE PLC will be following its price patterns.
Auto-correlation | 0.00 |
No correlation between past and present
AIICO INSURANCE PLC has no correlation between past and present. Overlapping area represents the amount of predictability between AIICO INSURANCE time series from 28th of August 2024 to 12th of October 2024 and 12th of October 2024 to 26th 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 AIICO INSURANCE PLC price movement. The serial correlation of 0.0 indicates that just 0.0% of current AIICO INSURANCE price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
AIICO INSURANCE PLC lagged returns against current returns
Autocorrelation, which is AIICO INSURANCE 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 AIICO INSURANCE's stock expected returns. We can calculate the autocorrelation of AIICO INSURANCE returns to help us make a trade decision. For example, suppose you find that AIICO INSURANCE 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 |
AIICO INSURANCE 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 AIICO INSURANCE stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AIICO INSURANCE stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AIICO INSURANCE stock over time.
Current vs Lagged Prices |
| Timeline |
AIICO INSURANCE Lagged Returns
When evaluating AIICO INSURANCE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AIICO INSURANCE stock have on its future price. AIICO INSURANCE 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, AIICO INSURANCE autocorrelation shows the relationship between AIICO INSURANCE stock current value and its past values and can show if there is a momentum factor associated with investing in AIICO INSURANCE 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.Additional Tools for AIICO Stock Analysis
When running AIICO INSURANCE's price analysis, check to measure AIICO INSURANCE's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy AIICO INSURANCE is operating at the current time. Most of AIICO INSURANCE's value examination focuses on studying past and present price action to predict the probability of AIICO INSURANCE's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AIICO INSURANCE's price. Additionally, you may evaluate how the addition of AIICO INSURANCE to your portfolios can decrease your overall portfolio volatility.