CRDB BANK (Tanzania) Market Value
| CRDB Stock | 650.00 10.00 1.52% |
| Symbol | CRDB |
CRDB BANK '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 CRDB BANK'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 CRDB BANK.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in CRDB BANK on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding CRDB BANK LTD or generate 0.0% return on investment in CRDB BANK over 540 days.
CRDB BANK 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 CRDB BANK'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 CRDB BANK LTD upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 4.64 | |||
| Value At Risk | (1.52) | |||
| Potential Upside | 1.54 |
CRDB BANK Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CRDB BANK's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CRDB BANK's standard deviation. In reality, there are many statistical measures that can use CRDB BANK historical prices to predict the future CRDB BANK's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.15) | |||
| Treynor Ratio | 0.1665 |
CRDB BANK LTD Backtested Returns
CRDB BANK LTD secures Sharpe Ratio (or Efficiency) of -0.0246, which signifies that the company had a -0.0246% return per unit of risk over the last 3 months. CRDB BANK LTD exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CRDB BANK's Risk Adjusted Performance of (0.02), standard deviation of 0.8233, and Mean Deviation of 0.4052 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.18, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning CRDB BANK are expected to decrease at a much lower rate. During the bear market, CRDB BANK is likely to outperform the market. At this point, CRDB BANK LTD has a negative expected return of -0.021%. Please make sure to confirm CRDB BANK's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if CRDB BANK LTD performance from the past will be repeated in the future.
Auto-correlation | 0.34 |
Below average predictability
CRDB BANK LTD has below average predictability. Overlapping area represents the amount of predictability between CRDB BANK time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 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 CRDB BANK LTD price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current CRDB BANK price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 4425.95 |
CRDB BANK LTD lagged returns against current returns
Autocorrelation, which is CRDB BANK 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 CRDB BANK's stock expected returns. We can calculate the autocorrelation of CRDB BANK returns to help us make a trade decision. For example, suppose you find that CRDB BANK 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 |
CRDB BANK 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 CRDB BANK stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CRDB BANK stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CRDB BANK stock over time.
Current vs Lagged Prices |
| Timeline |
CRDB BANK Lagged Returns
When evaluating CRDB BANK's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CRDB BANK stock have on its future price. CRDB BANK 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, CRDB BANK autocorrelation shows the relationship between CRDB BANK stock current value and its past values and can show if there is a momentum factor associated with investing in CRDB BANK LTD.
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 CRDB Stock Analysis
When running CRDB BANK's price analysis, check to measure CRDB BANK'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 CRDB BANK is operating at the current time. Most of CRDB BANK's value examination focuses on studying past and present price action to predict the probability of CRDB BANK's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CRDB BANK's price. Additionally, you may evaluate how the addition of CRDB BANK to your portfolios can decrease your overall portfolio volatility.