AIRTEL UGANDA (Uganda) Market Value
| AIRTELUGANDA | 60.00 3.00 4.76% |
| Symbol | AIRTEL |
AIRTEL UGANDA '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 UGANDA'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 UGANDA.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in AIRTEL UGANDA on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding AIRTEL UGANDA LIMITED or generate 0.0% return on investment in AIRTEL UGANDA over 30 days.
AIRTEL UGANDA 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 UGANDA'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 UGANDA LIMITED upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.31) | |||
| Maximum Drawdown | 6.0 | |||
| Value At Risk | (1.70) |
AIRTEL UGANDA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AIRTEL UGANDA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AIRTEL UGANDA's standard deviation. In reality, there are many statistical measures that can use AIRTEL UGANDA historical prices to predict the future AIRTEL UGANDA's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.40) | |||
| Treynor Ratio | 1.61 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of AIRTEL UGANDA'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 UGANDA LIMITED Backtested Returns
AIRTEL UGANDA LIMITED secures Sharpe Ratio (or Efficiency) of -0.19, which signifies that the company had a -0.19% return per unit of risk over the last 3 months. AIRTEL UGANDA LIMITED exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm AIRTEL UGANDA's mean deviation of 0.5439, and Risk Adjusted Performance of (0.14) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.13, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning AIRTEL UGANDA are expected to decrease at a much lower rate. During the bear market, AIRTEL UGANDA is likely to outperform the market. At this point, AIRTEL UGANDA LIMITED has a negative expected return of -0.21%. Please make sure to confirm AIRTEL UGANDA's skewness, as well as the relationship between the rate of daily change and price action indicator , to decide if AIRTEL UGANDA LIMITED performance from the past will be repeated in the future.
Auto-correlation | Huge |
Perfect predictability
AIRTEL UGANDA LIMITED has perfect predictability. Overlapping area represents the amount of predictability between AIRTEL UGANDA time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 UGANDA LIMITED price movement. The serial correlation of 9.223372036854776E16 indicates that 9.223372036854776E16% of current AIRTEL UGANDA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 92233.7 T | |
| Spearman Rank Test | -0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 1.58 |
AIRTEL UGANDA LIMITED lagged returns against current returns
Autocorrelation, which is AIRTEL UGANDA 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 UGANDA's stock expected returns. We can calculate the autocorrelation of AIRTEL UGANDA returns to help us make a trade decision. For example, suppose you find that AIRTEL UGANDA 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 UGANDA 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 UGANDA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AIRTEL UGANDA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AIRTEL UGANDA stock over time.
Current vs Lagged Prices |
| Timeline |
AIRTEL UGANDA Lagged Returns
When evaluating AIRTEL UGANDA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AIRTEL UGANDA stock have on its future price. AIRTEL UGANDA 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 UGANDA autocorrelation shows the relationship between AIRTEL UGANDA stock current value and its past values and can show if there is a momentum factor associated with investing in AIRTEL UGANDA LIMITED.
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 AIRTEL Stock Analysis
When running AIRTEL UGANDA's price analysis, check to measure AIRTEL UGANDA'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 AIRTEL UGANDA is operating at the current time. Most of AIRTEL UGANDA's value examination focuses on studying past and present price action to predict the probability of AIRTEL UGANDA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AIRTEL UGANDA's price. Additionally, you may evaluate how the addition of AIRTEL UGANDA to your portfolios can decrease your overall portfolio volatility.