Blue Label (South Africa) Market Value
| BLU Stock | 518.00 1.00 0.19% |
| Symbol | Blue |
Blue Label '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 Blue Label'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 Blue Label.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in Blue Label on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding Blue Label Telecoms or generate 0.0% return on investment in Blue Label over 90 days. Blue Label is related to or competes with Harmony Gold, Capitec Bank, Safari Investments, Reinet Investments, Afine Investments, Brimstone Investment, and Advtech. More
Blue Label 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 Blue Label'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 Blue Label Telecoms upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.75 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 9.76 | |||
| Value At Risk | (2.45) | |||
| Potential Upside | 3.67 |
Blue Label Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Blue Label's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Blue Label's standard deviation. In reality, there are many statistical measures that can use Blue Label historical prices to predict the future Blue Label's volatility.| Risk Adjusted Performance | 0.0176 | |||
| Jensen Alpha | 0.0256 | |||
| Total Risk Alpha | (0.27) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | (0.28) |
Blue Label Telecoms Backtested Returns
Blue Label Telecoms secures Sharpe Ratio (or Efficiency) of -0.0316, which signifies that the company had a -0.0316% return per unit of risk over the last 3 months. Blue Label Telecoms exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Blue Label's Risk Adjusted Performance of 0.0176, downside deviation of 1.75, and Mean Deviation of 1.3 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0643, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Blue Label are expected to decrease at a much lower rate. During the bear market, Blue Label is likely to outperform the market. At this point, Blue Label Telecoms has a negative expected return of -0.0563%. Please make sure to confirm Blue Label's sortino ratio, potential upside, skewness, as well as the relationship between the maximum drawdown and semi variance , to decide if Blue Label Telecoms performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.73 |
Almost perfect reverse predictability
Blue Label Telecoms has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Blue Label time series from 28th of August 2024 to 12th of October 2024 and 12th of October 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 Blue Label Telecoms price movement. The serial correlation of -0.73 indicates that around 73.0% of current Blue Label price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.73 | |
| Spearman Rank Test | -0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 238.19 |
Blue Label Telecoms lagged returns against current returns
Autocorrelation, which is Blue Label 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 Blue Label's stock expected returns. We can calculate the autocorrelation of Blue Label returns to help us make a trade decision. For example, suppose you find that Blue Label 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 |
Blue Label 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 Blue Label stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Blue Label stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Blue Label stock over time.
Current vs Lagged Prices |
| Timeline |
Blue Label Lagged Returns
When evaluating Blue Label's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Blue Label stock have on its future price. Blue Label 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, Blue Label autocorrelation shows the relationship between Blue Label stock current value and its past values and can show if there is a momentum factor associated with investing in Blue Label Telecoms.
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 Blue Stock
Blue Label financial ratios help investors to determine whether Blue 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 Blue with respect to the benefits of owning Blue Label security.