Blue Label (South Africa) Market Value
| BLU Stock | 638.00 3.00 0.47% |
| 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.
| 02/11/2023 |
| 01/31/2025 |
If you would invest 0.00 in Blue Label on February 11, 2023 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 720 days. Blue Label is related to or competes with MC Mining, Bytes Technology, Mantengu Mining, Life Healthcare, and Hosken Consolidated. 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 | 1.4 | |||
| Information Ratio | 0.0686 | |||
| Maximum Drawdown | 7.85 | |||
| Value At Risk | (2.05) | |||
| Potential Upside | 2.55 |
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 | 0.1138 | |||
| Jensen Alpha | 0.1683 | |||
| Total Risk Alpha | 0.0269 | |||
| Sortino Ratio | 0.0788 | |||
| Treynor Ratio | 0.5607 |
Blue Label Telecoms Backtested Returns
Blue Label appears to be very steady, given 3 months investment horizon. Blue Label Telecoms secures Sharpe Ratio (or Efficiency) of 0.15, which signifies that the company had a 0.15 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Blue Label Telecoms, which you can use to evaluate the volatility of the firm. Please makes use of Blue Label's Downside Deviation of 1.4, risk adjusted performance of 0.1138, and Mean Deviation of 1.2 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Blue Label holds a performance score of 11. The firm shows a Beta (market volatility) of 0.36, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Blue Label's returns are expected to increase less than the market. However, during the bear market, the loss of holding Blue Label is expected to be smaller as well. Please check Blue Label's sortino ratio, potential upside, skewness, as well as the relationship between the maximum drawdown and semi variance , to make a quick decision on whether Blue Label's price patterns will revert.
Auto-correlation | -0.48 |
Modest reverse predictability
Blue Label Telecoms has modest reverse predictability. Overlapping area represents the amount of predictability between Blue Label time series from 11th of February 2023 to 6th of February 2024 and 6th of February 2024 to 31st of January 2025. 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 -0.48 indicates that about 48.0% of current Blue Label price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.48 | |
| Spearman Rank Test | -0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 5439.06 |
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.