CHILANGA CEMENT (Zambia) Market Value
| CHIL Stock | 25.49 0.01 0.04% |
| Symbol | CHILANGA |
CHILANGA CEMENT '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 CHILANGA CEMENT'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 CHILANGA CEMENT.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in CHILANGA CEMENT on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding CHILANGA CEMENT PLC or generate 0.0% return on investment in CHILANGA CEMENT over 30 days.
CHILANGA CEMENT 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 CHILANGA CEMENT'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 CHILANGA CEMENT PLC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.03 | |||
| Information Ratio | 0.0807 | |||
| Maximum Drawdown | 28.76 | |||
| Value At Risk | (0.14) | |||
| Potential Upside | 4.26 |
CHILANGA CEMENT Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CHILANGA CEMENT's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CHILANGA CEMENT's standard deviation. In reality, there are many statistical measures that can use CHILANGA CEMENT historical prices to predict the future CHILANGA CEMENT's volatility.| Risk Adjusted Performance | 0.0963 | |||
| Jensen Alpha | 0.4031 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | 0.0508 | |||
| Treynor Ratio | 2.16 |
CHILANGA CEMENT PLC Backtested Returns
CHILANGA CEMENT appears to be not too volatile, given 3 months investment horizon. CHILANGA CEMENT PLC secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of return volatility over the last 3 months. We have found twenty-eight technical indicators for CHILANGA CEMENT PLC, which you can use to evaluate the volatility of the firm. Please makes use of CHILANGA CEMENT's Semi Deviation of 2.1, risk adjusted performance of 0.0963, and Mean Deviation of 1.34 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, CHILANGA CEMENT holds a performance score of 9. The firm shows a Beta (market volatility) of 0.2, which signifies not very significant fluctuations relative to the market. As returns on the market increase, CHILANGA CEMENT's returns are expected to increase less than the market. However, during the bear market, the loss of holding CHILANGA CEMENT is expected to be smaller as well. Please check CHILANGA CEMENT's information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether CHILANGA CEMENT's price patterns will revert.
Auto-correlation | -0.57 |
Good reverse predictability
CHILANGA CEMENT PLC has good reverse predictability. Overlapping area represents the amount of predictability between CHILANGA CEMENT time series from 26th of October 2024 to 10th of November 2024 and 10th of November 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 CHILANGA CEMENT PLC price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current CHILANGA CEMENT price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 5.01 |
CHILANGA CEMENT PLC lagged returns against current returns
Autocorrelation, which is CHILANGA CEMENT 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 CHILANGA CEMENT's stock expected returns. We can calculate the autocorrelation of CHILANGA CEMENT returns to help us make a trade decision. For example, suppose you find that CHILANGA CEMENT 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 |
CHILANGA CEMENT 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 CHILANGA CEMENT stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CHILANGA CEMENT stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CHILANGA CEMENT stock over time.
Current vs Lagged Prices |
| Timeline |
CHILANGA CEMENT Lagged Returns
When evaluating CHILANGA CEMENT's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CHILANGA CEMENT stock have on its future price. CHILANGA CEMENT 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, CHILANGA CEMENT autocorrelation shows the relationship between CHILANGA CEMENT stock current value and its past values and can show if there is a momentum factor associated with investing in CHILANGA CEMENT PLC.
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 CHILANGA Stock Analysis
When running CHILANGA CEMENT's price analysis, check to measure CHILANGA CEMENT'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 CHILANGA CEMENT is operating at the current time. Most of CHILANGA CEMENT's value examination focuses on studying past and present price action to predict the probability of CHILANGA CEMENT's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CHILANGA CEMENT's price. Additionally, you may evaluate how the addition of CHILANGA CEMENT to your portfolios can decrease your overall portfolio volatility.