AIRTEL NETWORKS (Zambia) Market Value
| ATEL Stock | 43.51 0.01 0.02% |
| Symbol | AIRTEL |
AIRTEL NETWORKS '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 NETWORKS'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 NETWORKS.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in AIRTEL NETWORKS on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding AIRTEL NETWORKS ZAMBIA or generate 0.0% return on investment in AIRTEL NETWORKS over 30 days.
AIRTEL NETWORKS 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 NETWORKS'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 NETWORKS ZAMBIA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (1.14) | |||
| Maximum Drawdown | 0.9859 | |||
| Value At Risk | (0.07) | |||
| Potential Upside | 0.0919 |
AIRTEL NETWORKS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AIRTEL NETWORKS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AIRTEL NETWORKS's standard deviation. In reality, there are many statistical measures that can use AIRTEL NETWORKS historical prices to predict the future AIRTEL NETWORKS's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.02) | |||
| Treynor Ratio | (1.63) |
AIRTEL NETWORKS ZAMBIA Backtested Returns
Currently, AIRTEL NETWORKS ZAMBIA is very steady. AIRTEL NETWORKS ZAMBIA secures Sharpe Ratio (or Efficiency) of 0.0042, which signifies that the company had a 0.0042% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for AIRTEL NETWORKS ZAMBIA, which you can use to evaluate the volatility of the firm. Please confirm AIRTEL NETWORKS's mean deviation of 0.0271, and Risk Adjusted Performance of (0.07) to double-check if the risk estimate we provide is consistent with the expected return of 4.0E-4%. The firm shows a Beta (market volatility) of 0.0059, which signifies not very significant fluctuations relative to the market. As returns on the market increase, AIRTEL NETWORKS's returns are expected to increase less than the market. However, during the bear market, the loss of holding AIRTEL NETWORKS is expected to be smaller as well. AIRTEL NETWORKS ZAMBIA now shows a risk of 0.0982%. Please confirm AIRTEL NETWORKS ZAMBIA value at risk, skewness, and the relationship between the maximum drawdown and potential upside , to decide if AIRTEL NETWORKS ZAMBIA will be following its price patterns.
Auto-correlation | 0.00 |
No correlation between past and present
AIRTEL NETWORKS ZAMBIA has no correlation between past and present. Overlapping area represents the amount of predictability between AIRTEL NETWORKS time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 AIRTEL NETWORKS ZAMBIA price movement. The serial correlation of 0.0 indicates that just 0.0% of current AIRTEL NETWORKS 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 |
AIRTEL NETWORKS ZAMBIA lagged returns against current returns
Autocorrelation, which is AIRTEL NETWORKS 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 NETWORKS's stock expected returns. We can calculate the autocorrelation of AIRTEL NETWORKS returns to help us make a trade decision. For example, suppose you find that AIRTEL NETWORKS 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 NETWORKS 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 NETWORKS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AIRTEL NETWORKS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AIRTEL NETWORKS stock over time.
Current vs Lagged Prices |
| Timeline |
AIRTEL NETWORKS Lagged Returns
When evaluating AIRTEL NETWORKS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AIRTEL NETWORKS stock have on its future price. AIRTEL NETWORKS 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 NETWORKS autocorrelation shows the relationship between AIRTEL NETWORKS stock current value and its past values and can show if there is a momentum factor associated with investing in AIRTEL NETWORKS ZAMBIA.
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 NETWORKS's price analysis, check to measure AIRTEL NETWORKS'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 NETWORKS is operating at the current time. Most of AIRTEL NETWORKS's value examination focuses on studying past and present price action to predict the probability of AIRTEL NETWORKS'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 NETWORKS's price. Additionally, you may evaluate how the addition of AIRTEL NETWORKS to your portfolios can decrease your overall portfolio volatility.