Ayo Technology (South Africa) Market Value
| AYO Stock | 40.00 8.00 16.67% |
| Symbol | Ayo |
Ayo Technology '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 Ayo Technology'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 Ayo Technology.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Ayo Technology on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Ayo Technology Solutions or generate 0.0% return on investment in Ayo Technology over 510 days. Ayo Technology is related to or competes with Growthpoint Properties, Bowler Metcalf, Shoprite Holdings, Dis Chem, Impala Platinum, Kap Industrial, and Anglo American. More
Ayo Technology 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 Ayo Technology'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 Ayo Technology Solutions upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 47.72 | |||
| Value At Risk | (17.54) | |||
| Potential Upside | 12.24 |
Ayo Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ayo Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ayo Technology's standard deviation. In reality, there are many statistical measures that can use Ayo Technology historical prices to predict the future Ayo Technology's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | 0.0386 | |||
| Total Risk Alpha | (1.41) | |||
| Treynor Ratio | 0.0899 |
Ayo Technology Solutions Backtested Returns
Ayo Technology Solutions secures Sharpe Ratio (or Efficiency) of -0.0173, which signifies that the company had a -0.0173% return per unit of risk over the last 3 months. Ayo Technology Solutions exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Ayo Technology's Mean Deviation of 4.69, standard deviation of 8.29, and insignificant Risk Adjusted Performance to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -1.34, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Ayo Technology are expected to decrease by larger amounts. On the other hand, during market turmoil, Ayo Technology is expected to outperform it. At this point, Ayo Technology Solutions has a negative expected return of -0.15%. Please make sure to confirm Ayo Technology's skewness, day median price, and the relationship between the treynor ratio and daily balance of power , to decide if Ayo Technology Solutions performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.32 |
Poor reverse predictability
Ayo Technology Solutions has poor reverse predictability. Overlapping area represents the amount of predictability between Ayo Technology time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th 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 Ayo Technology Solutions price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current Ayo Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 184.54 |
Ayo Technology Solutions lagged returns against current returns
Autocorrelation, which is Ayo Technology 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 Ayo Technology's stock expected returns. We can calculate the autocorrelation of Ayo Technology returns to help us make a trade decision. For example, suppose you find that Ayo Technology 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 |
Ayo Technology 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 Ayo Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ayo Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ayo Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Ayo Technology Lagged Returns
When evaluating Ayo Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ayo Technology stock have on its future price. Ayo Technology 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, Ayo Technology autocorrelation shows the relationship between Ayo Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Ayo Technology Solutions.
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 Ayo Stock
Ayo Technology financial ratios help investors to determine whether Ayo 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 Ayo with respect to the benefits of owning Ayo Technology security.