ASO SAVINGS (Nigeria) Market Value
| ASOSAVINGS | 0.50 0.00 0.00% |
| Symbol | ASO |
ASO SAVINGS '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 ASO SAVINGS'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 ASO SAVINGS.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in ASO SAVINGS on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding ASO SAVINGS AND or generate 0.0% return on investment in ASO SAVINGS over 30 days.
ASO SAVINGS 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 ASO SAVINGS'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 ASO SAVINGS AND upside and downside potential and time the market with a certain degree of confidence.
ASO SAVINGS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ASO SAVINGS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ASO SAVINGS's standard deviation. In reality, there are many statistical measures that can use ASO SAVINGS historical prices to predict the future ASO SAVINGS's volatility.ASO SAVINGS AND Backtested Returns
We have found three technical indicators for ASO SAVINGS AND, 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 ASO SAVINGS are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
ASO SAVINGS AND has no correlation between past and present. Overlapping area represents the amount of predictability between ASO SAVINGS 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 ASO SAVINGS AND price movement. The serial correlation of 0.0 indicates that just 0.0% of current ASO SAVINGS 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 |
ASO SAVINGS AND lagged returns against current returns
Autocorrelation, which is ASO SAVINGS 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 ASO SAVINGS's stock expected returns. We can calculate the autocorrelation of ASO SAVINGS returns to help us make a trade decision. For example, suppose you find that ASO SAVINGS 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 |
ASO SAVINGS 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 ASO SAVINGS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ASO SAVINGS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ASO SAVINGS stock over time.
Current vs Lagged Prices |
| Timeline |
ASO SAVINGS Lagged Returns
When evaluating ASO SAVINGS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ASO SAVINGS stock have on its future price. ASO SAVINGS 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, ASO SAVINGS autocorrelation shows the relationship between ASO SAVINGS stock current value and its past values and can show if there is a momentum factor associated with investing in ASO SAVINGS AND.
Regressed Prices |
| Timeline |