CAP PLC (Nigeria) Market Value
| CAP Stock | 37.50 0.00 0.00% |
| Symbol | CAP |
CAP PLC '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 CAP PLC'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 CAP PLC.
| 01/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in CAP PLC on January 9, 2023 and sell it all today you would earn a total of 0.00 from holding CAP PLC or generate 0.0% return on investment in CAP PLC over 690 days.
CAP PLC 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 CAP PLC'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 CAP PLC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.034 | |||
| Maximum Drawdown | 12.6 |
CAP PLC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CAP PLC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CAP PLC's standard deviation. In reality, there are many statistical measures that can use CAP PLC historical prices to predict the future CAP PLC's volatility.| Risk Adjusted Performance | 0.1034 | |||
| Jensen Alpha | 0.1965 | |||
| Total Risk Alpha | (0.04) | |||
| Treynor Ratio | (0.51) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of CAP PLC's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
CAP PLC Backtested Returns
Currently, CAP PLC is very steady. CAP PLC secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had a 0.11% return per unit of risk over the last 3 months. We have found sixteen technical indicators for CAP PLC, which you can use to evaluate the volatility of the entity. Please confirm CAP PLC's Coefficient Of Variation of 772.48, mean deviation of 0.4034, and Variance of 1.73 to double-check if the risk estimate we provide is consistent with the expected return of 0.15%. CAP PLC has a performance score of 8 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.32, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning CAP PLC are expected to decrease at a much lower rate. During the bear market, CAP PLC is likely to outperform the market. CAP PLC at this time shows a risk of 1.33%. Please confirm CAP PLC variance, skewness, as well as the relationship between the Skewness and day typical price , to decide if CAP PLC will be following its price patterns.
Auto-correlation | 0.82 |
Very good predictability
CAP PLC has very good predictability. Overlapping area represents the amount of predictability between CAP PLC time series from 9th of January 2023 to 20th of December 2023 and 20th of December 2023 to 29th 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 CAP PLC price movement. The serial correlation of 0.82 indicates that around 82.0% of current CAP PLC price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.82 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 40.29 |
CAP PLC lagged returns against current returns
Autocorrelation, which is CAP PLC 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 CAP PLC's stock expected returns. We can calculate the autocorrelation of CAP PLC returns to help us make a trade decision. For example, suppose you find that CAP PLC 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 |
CAP PLC 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 CAP PLC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CAP PLC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CAP PLC stock over time.
Current vs Lagged Prices |
| Timeline |
CAP PLC Lagged Returns
When evaluating CAP PLC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CAP PLC stock have on its future price. CAP PLC 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, CAP PLC autocorrelation shows the relationship between CAP PLC stock current value and its past values and can show if there is a momentum factor associated with investing in CAP PLC.
Regressed Prices |
| Timeline |
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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 CAP Stock Analysis
When running CAP PLC's price analysis, check to measure CAP PLC'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 CAP PLC is operating at the current time. Most of CAP PLC's value examination focuses on studying past and present price action to predict the probability of CAP PLC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CAP PLC's price. Additionally, you may evaluate how the addition of CAP PLC to your portfolios can decrease your overall portfolio volatility.