ATTIJARIWAFA BANK (Morocco) Market Value
| ATTIJARIWAFA-BANK | 575.00 0.50 0.09% |
| Symbol | ATTIJARIWAFA |
ATTIJARIWAFA BANK '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 ATTIJARIWAFA BANK'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 ATTIJARIWAFA BANK.
| 06/04/2023 |
| 11/25/2024 |
If you would invest 0.00 in ATTIJARIWAFA BANK on June 4, 2023 and sell it all today you would earn a total of 0.00 from holding ATTIJARIWAFA BANK or generate 0.0% return on investment in ATTIJARIWAFA BANK over 540 days.
ATTIJARIWAFA BANK 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 ATTIJARIWAFA BANK'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 ATTIJARIWAFA BANK upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7841 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 4.1 | |||
| Value At Risk | (1.22) | |||
| Potential Upside | 1.63 |
ATTIJARIWAFA BANK Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ATTIJARIWAFA BANK's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ATTIJARIWAFA BANK's standard deviation. In reality, there are many statistical measures that can use ATTIJARIWAFA BANK historical prices to predict the future ATTIJARIWAFA BANK's volatility.| Risk Adjusted Performance | 0.0751 | |||
| Jensen Alpha | 0.0835 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | (1.42) |
ATTIJARIWAFA BANK Backtested Returns
Currently, ATTIJARIWAFA BANK is very steady. ATTIJARIWAFA BANK 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. We have found thirty technical indicators for ATTIJARIWAFA BANK, which you can use to evaluate the volatility of the firm. Please confirm ATTIJARIWAFA BANK's risk adjusted performance of 0.0751, and Mean Deviation of 0.6252 to double-check if the risk estimate we provide is consistent with the expected return of 0.12%. ATTIJARIWAFA BANK has a performance score of 10 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0543, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning ATTIJARIWAFA BANK are expected to decrease at a much lower rate. During the bear market, ATTIJARIWAFA BANK is likely to outperform the market. ATTIJARIWAFA BANK currently shows a risk of 0.92%. Please confirm ATTIJARIWAFA BANK skewness, and the relationship between the value at risk and day median price , to decide if ATTIJARIWAFA BANK will be following its price patterns.
Auto-correlation | 0.76 |
Good predictability
ATTIJARIWAFA BANK has good predictability. Overlapping area represents the amount of predictability between ATTIJARIWAFA BANK time series from 4th of June 2023 to 29th of February 2024 and 29th of February 2024 to 25th 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 ATTIJARIWAFA BANK price movement. The serial correlation of 0.76 indicates that around 76.0% of current ATTIJARIWAFA BANK price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.76 | |
| Spearman Rank Test | 0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 340.58 |
ATTIJARIWAFA BANK lagged returns against current returns
Autocorrelation, which is ATTIJARIWAFA BANK 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 ATTIJARIWAFA BANK's stock expected returns. We can calculate the autocorrelation of ATTIJARIWAFA BANK returns to help us make a trade decision. For example, suppose you find that ATTIJARIWAFA BANK 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 |
ATTIJARIWAFA BANK 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 ATTIJARIWAFA BANK stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ATTIJARIWAFA BANK stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ATTIJARIWAFA BANK stock over time.
Current vs Lagged Prices |
| Timeline |
ATTIJARIWAFA BANK Lagged Returns
When evaluating ATTIJARIWAFA BANK's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ATTIJARIWAFA BANK stock have on its future price. ATTIJARIWAFA BANK 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, ATTIJARIWAFA BANK autocorrelation shows the relationship between ATTIJARIWAFA BANK stock current value and its past values and can show if there is a momentum factor associated with investing in ATTIJARIWAFA BANK.
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 ATTIJARIWAFA Stock Analysis
When running ATTIJARIWAFA BANK's price analysis, check to measure ATTIJARIWAFA BANK'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 ATTIJARIWAFA BANK is operating at the current time. Most of ATTIJARIWAFA BANK's value examination focuses on studying past and present price action to predict the probability of ATTIJARIWAFA BANK's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ATTIJARIWAFA BANK's price. Additionally, you may evaluate how the addition of ATTIJARIWAFA BANK to your portfolios can decrease your overall portfolio volatility.