CARBACID INVESTMENTS (Kenya) Market Value
| CIL Stock | 20.05 0.05 0.25% |
| Symbol | CARBACID |
CARBACID INVESTMENTS '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 CARBACID INVESTMENTS'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 CARBACID INVESTMENTS.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in CARBACID INVESTMENTS on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding CARBACID INVESTMENTS LTD or generate 0.0% return on investment in CARBACID INVESTMENTS over 30 days.
CARBACID INVESTMENTS 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 CARBACID INVESTMENTS'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 CARBACID INVESTMENTS LTD upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.48 | |||
| Information Ratio | 0.0575 | |||
| Maximum Drawdown | 16.66 | |||
| Value At Risk | (3.41) | |||
| Potential Upside | 6.52 |
CARBACID INVESTMENTS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CARBACID INVESTMENTS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CARBACID INVESTMENTS's standard deviation. In reality, there are many statistical measures that can use CARBACID INVESTMENTS historical prices to predict the future CARBACID INVESTMENTS's volatility.| Risk Adjusted Performance | 0.0867 | |||
| Jensen Alpha | 0.3887 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | 0.0639 | |||
| Treynor Ratio | (0.30) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of CARBACID INVESTMENTS'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.
CARBACID INVESTMENTS LTD Backtested Returns
CARBACID INVESTMENTS appears to be not too volatile, given 3 months investment horizon. CARBACID INVESTMENTS LTD 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 twenty-nine technical indicators for CARBACID INVESTMENTS LTD, which you can use to evaluate the volatility of the entity. Please makes use of CARBACID INVESTMENTS's Semi Deviation of 2.05, coefficient of variation of 961.22, and Mean Deviation of 1.75 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, CARBACID INVESTMENTS holds a performance score of 8. The firm shows a Beta (market volatility) of -0.94, which signifies possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning CARBACID INVESTMENTS are expected to decrease slowly. On the other hand, during market turmoil, CARBACID INVESTMENTS is expected to outperform it slightly. Please check CARBACID INVESTMENTS's treynor ratio, kurtosis, period momentum indicator, as well as the relationship between the downside variance and day median price , to make a quick decision on whether CARBACID INVESTMENTS's price patterns will revert.
Auto-correlation | 0.02 |
Virtually no predictability
CARBACID INVESTMENTS LTD has virtually no predictability. Overlapping area represents the amount of predictability between CARBACID INVESTMENTS time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 CARBACID INVESTMENTS LTD price movement. The serial correlation of 0.02 indicates that only 2.0% of current CARBACID INVESTMENTS price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.02 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
CARBACID INVESTMENTS LTD lagged returns against current returns
Autocorrelation, which is CARBACID INVESTMENTS 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 CARBACID INVESTMENTS's stock expected returns. We can calculate the autocorrelation of CARBACID INVESTMENTS returns to help us make a trade decision. For example, suppose you find that CARBACID INVESTMENTS 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 |
CARBACID INVESTMENTS 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 CARBACID INVESTMENTS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CARBACID INVESTMENTS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CARBACID INVESTMENTS stock over time.
Current vs Lagged Prices |
| Timeline |
CARBACID INVESTMENTS Lagged Returns
When evaluating CARBACID INVESTMENTS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CARBACID INVESTMENTS stock have on its future price. CARBACID INVESTMENTS 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, CARBACID INVESTMENTS autocorrelation shows the relationship between CARBACID INVESTMENTS stock current value and its past values and can show if there is a momentum factor associated with investing in CARBACID INVESTMENTS LTD.
Regressed Prices |
| Timeline |