African Rainbow (South Africa) Market Value
| ARI Stock | 15,902 30.00 0.19% |
| Symbol | African |
African Rainbow '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 African Rainbow'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 African Rainbow.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in African Rainbow on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding African Rainbow Minerals or generate 0.0% return on investment in African Rainbow over 720 days. African Rainbow is related to or competes with Blue Label, Bytes Technology, CA Sales, Hosken Consolidated, and Allied Electronics. More
African Rainbow 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 African Rainbow'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 African Rainbow Minerals upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 12.69 | |||
| Value At Risk | (4.01) | |||
| Potential Upside | 4.01 |
African Rainbow Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for African Rainbow's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as African Rainbow's standard deviation. In reality, there are many statistical measures that can use African Rainbow historical prices to predict the future African Rainbow's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.59) | |||
| Treynor Ratio | (0.50) |
African Rainbow Minerals Backtested Returns
African Rainbow Minerals secures Sharpe Ratio (or Efficiency) of -0.0405, which signifies that the company had a -0.0405% return per unit of risk over the last 3 months. African Rainbow Minerals exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm African Rainbow's Mean Deviation of 1.82, risk adjusted performance of (0.05), and Standard Deviation of 2.41 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.37, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, African Rainbow's returns are expected to increase less than the market. However, during the bear market, the loss of holding African Rainbow is expected to be smaller as well. At this point, African Rainbow Minerals has a negative expected return of -0.096%. Please make sure to confirm African Rainbow's maximum drawdown, kurtosis, day median price, as well as the relationship between the potential upside and daily balance of power , to decide if African Rainbow Minerals performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.01 |
Very weak reverse predictability
African Rainbow Minerals has very weak reverse predictability. Overlapping area represents the amount of predictability between African Rainbow time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 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 African Rainbow Minerals price movement. The serial correlation of -0.01 indicates that just 1.0% of current African Rainbow price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 4.9 M |
African Rainbow Minerals lagged returns against current returns
Autocorrelation, which is African Rainbow 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 African Rainbow's stock expected returns. We can calculate the autocorrelation of African Rainbow returns to help us make a trade decision. For example, suppose you find that African Rainbow 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 |
African Rainbow 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 African Rainbow stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if African Rainbow stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in African Rainbow stock over time.
Current vs Lagged Prices |
| Timeline |
African Rainbow Lagged Returns
When evaluating African Rainbow's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of African Rainbow stock have on its future price. African Rainbow 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, African Rainbow autocorrelation shows the relationship between African Rainbow stock current value and its past values and can show if there is a momentum factor associated with investing in African Rainbow Minerals.
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.Other Information on Investing in African Stock
African Rainbow financial ratios help investors to determine whether African Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in African with respect to the benefits of owning African Rainbow security.