AIRTEL AFRICA (Nigeria) Market Value

AIRTELAFRI   2,157  0.00  0.00%   
AIRTEL AFRICA's market value is the price at which a share of AIRTEL AFRICA trades on a public exchange. It measures the collective expectations of AIRTEL AFRICA PLC investors about its performance. AIRTEL AFRICA is trading at 2156.90 as of the 5th of December 2024, a No Change since the beginning of the trading day. The stock's open price was 2156.9.
With this module, you can estimate the performance of a buy and hold strategy of AIRTEL AFRICA PLC and determine expected loss or profit from investing in AIRTEL AFRICA 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 income.
Symbol

AIRTEL AFRICA '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 AIRTEL AFRICA'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 AIRTEL AFRICA.
0.00
11/05/2024
No Change 0.00  0.0 
In 31 days
12/05/2024
0.00
If you would invest  0.00  in AIRTEL AFRICA on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding AIRTEL AFRICA PLC or generate 0.0% return on investment in AIRTEL AFRICA over 30 days.

AIRTEL AFRICA 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 AIRTEL AFRICA'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 AIRTEL AFRICA PLC upside and downside potential and time the market with a certain degree of confidence.

AIRTEL AFRICA Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for AIRTEL AFRICA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AIRTEL AFRICA's standard deviation. In reality, there are many statistical measures that can use AIRTEL AFRICA historical prices to predict the future AIRTEL AFRICA's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of AIRTEL AFRICA's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.

AIRTEL AFRICA PLC Backtested Returns

AIRTEL AFRICA PLC secures Sharpe Ratio (or Efficiency) of -0.13, which signifies that the company had a -0.13% return per unit of risk over the last 3 months. AIRTEL AFRICA PLC exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm AIRTEL AFRICA's risk adjusted performance of (0.11), and Mean Deviation of 0.0585 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.19, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning AIRTEL AFRICA are expected to decrease at a much lower rate. During the bear market, AIRTEL AFRICA is likely to outperform the market. At this point, AIRTEL AFRICA PLC has a negative expected return of -0.0316%. Please make sure to confirm AIRTEL AFRICA's information ratio and kurtosis , to decide if AIRTEL AFRICA PLC performance from the past will be repeated in the future.

Auto-correlation

    
  0.00  

No correlation between past and present

AIRTEL AFRICA PLC has no correlation between past and present. Overlapping area represents the amount of predictability between AIRTEL AFRICA time series from 5th of November 2024 to 20th of November 2024 and 20th of November 2024 to 5th of December 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 AIRTEL AFRICA PLC price movement. The serial correlation of 0.0 indicates that just 0.0% of current AIRTEL AFRICA price fluctuation can be explain by its past prices.
Correlation Coefficient0.0
Spearman Rank Test0.5
Residual Average0.0
Price Variance0.0

AIRTEL AFRICA PLC lagged returns against current returns

Autocorrelation, which is AIRTEL AFRICA 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 AIRTEL AFRICA's stock expected returns. We can calculate the autocorrelation of AIRTEL AFRICA returns to help us make a trade decision. For example, suppose you find that AIRTEL AFRICA 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  

AIRTEL AFRICA 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 AIRTEL AFRICA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AIRTEL AFRICA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AIRTEL AFRICA stock over time.
   Current vs Lagged Prices   
       Timeline  

AIRTEL AFRICA Lagged Returns

When evaluating AIRTEL AFRICA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AIRTEL AFRICA stock have on its future price. AIRTEL AFRICA 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, AIRTEL AFRICA autocorrelation shows the relationship between AIRTEL AFRICA stock current value and its past values and can show if there is a momentum factor associated with investing in AIRTEL AFRICA 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.