DIGICUT ADVERTISING (Ghana) Market Value
| DIGICUT Stock | 0.09 0.00 0.00% |
| Symbol | DIGICUT |
DIGICUT ADVERTISING '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 DIGICUT ADVERTISING'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 DIGICUT ADVERTISING.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in DIGICUT ADVERTISING on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding DIGICUT ADVERTISING PRODUCTION or generate 0.0% return on investment in DIGICUT ADVERTISING over 30 days.
DIGICUT ADVERTISING 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 DIGICUT ADVERTISING'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 DIGICUT ADVERTISING PRODUCTION upside and downside potential and time the market with a certain degree of confidence.
DIGICUT ADVERTISING Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DIGICUT ADVERTISING's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DIGICUT ADVERTISING's standard deviation. In reality, there are many statistical measures that can use DIGICUT ADVERTISING historical prices to predict the future DIGICUT ADVERTISING's volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of DIGICUT ADVERTISING'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.
DIGICUT ADVERTISING Backtested Returns
We have found three technical indicators for DIGICUT ADVERTISING PRODUCTION, which you can use to evaluate the volatility of the firm. The firm shows a Beta (market volatility) of 0.0, which means not very significant fluctuations relative to the market. the returns on MARKET and DIGICUT ADVERTISING are completely uncorrelated.
Auto-correlation | 1.00 |
Perfect predictability
DIGICUT ADVERTISING PRODUCTION has perfect predictability. Overlapping area represents the amount of predictability between DIGICUT ADVERTISING time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st of December 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 DIGICUT ADVERTISING price movement. The serial correlation of 1.0 indicates that 100.0% of current DIGICUT ADVERTISING price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
DIGICUT ADVERTISING lagged returns against current returns
Autocorrelation, which is DIGICUT ADVERTISING 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 DIGICUT ADVERTISING's stock expected returns. We can calculate the autocorrelation of DIGICUT ADVERTISING returns to help us make a trade decision. For example, suppose you find that DIGICUT ADVERTISING 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 |
DIGICUT ADVERTISING 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 DIGICUT ADVERTISING stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DIGICUT ADVERTISING stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DIGICUT ADVERTISING stock over time.
Current vs Lagged Prices |
| Timeline |
DIGICUT ADVERTISING Lagged Returns
When evaluating DIGICUT ADVERTISING's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DIGICUT ADVERTISING stock have on its future price. DIGICUT ADVERTISING 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, DIGICUT ADVERTISING autocorrelation shows the relationship between DIGICUT ADVERTISING stock current value and its past values and can show if there is a momentum factor associated with investing in DIGICUT ADVERTISING PRODUCTION.
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 DIGICUT Stock Analysis
When running DIGICUT ADVERTISING's price analysis, check to measure DIGICUT ADVERTISING'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 DIGICUT ADVERTISING is operating at the current time. Most of DIGICUT ADVERTISING's value examination focuses on studying past and present price action to predict the probability of DIGICUT ADVERTISING's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move DIGICUT ADVERTISING's price. Additionally, you may evaluate how the addition of DIGICUT ADVERTISING to your portfolios can decrease your overall portfolio volatility.