ECONET WIRELESS (Zimbabwe) Market Value
| ECO Stock | 303.95 1.35 0.45% |
| Symbol | ECONET |
ECONET WIRELESS '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 ECONET WIRELESS'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 ECONET WIRELESS.
| 12/24/2022 |
| 12/13/2024 |
If you would invest 0.00 in ECONET WIRELESS on December 24, 2022 and sell it all today you would earn a total of 0.00 from holding ECONET WIRELESS HOLDINGS or generate 0.0% return on investment in ECONET WIRELESS over 720 days.
ECONET WIRELESS 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 ECONET WIRELESS'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 ECONET WIRELESS HOLDINGS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 27.7 | |||
| Value At Risk | (13.78) | |||
| Potential Upside | 11.87 |
ECONET WIRELESS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ECONET WIRELESS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ECONET WIRELESS's standard deviation. In reality, there are many statistical measures that can use ECONET WIRELESS historical prices to predict the future ECONET WIRELESS's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.52) | |||
| Total Risk Alpha | (1.41) | |||
| Treynor Ratio | 1.01 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ECONET WIRELESS'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.
ECONET WIRELESS HOLDINGS Backtested Returns
ECONET WIRELESS HOLDINGS secures Sharpe Ratio (or Efficiency) of -0.1, which denotes the company had a -0.1% return per unit of risk over the last 3 months. ECONET WIRELESS HOLDINGS exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ECONET WIRELESS's Mean Deviation of 4.06, standard deviation of 5.96, and Coefficient Of Variation of (1,056) to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.57, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning ECONET WIRELESS are expected to decrease at a much lower rate. During the bear market, ECONET WIRELESS is likely to outperform the market. At this point, ECONET WIRELESS HOLDINGS has a negative expected return of -0.62%. Please make sure to confirm ECONET WIRELESS's value at risk, as well as the relationship between the accumulation distribution and day typical price , to decide if ECONET WIRELESS HOLDINGS performance from the past will be repeated in the future.
Auto-correlation | -0.36 |
Poor reverse predictability
ECONET WIRELESS HOLDINGS has poor reverse predictability. Overlapping area represents the amount of predictability between ECONET WIRELESS time series from 24th of December 2022 to 19th of December 2023 and 19th of December 2023 to 13th 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 ECONET WIRELESS HOLDINGS price movement. The serial correlation of -0.36 indicates that just about 36.0% of current ECONET WIRELESS price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.36 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 18.4 B |
ECONET WIRELESS HOLDINGS lagged returns against current returns
Autocorrelation, which is ECONET WIRELESS 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 ECONET WIRELESS's stock expected returns. We can calculate the autocorrelation of ECONET WIRELESS returns to help us make a trade decision. For example, suppose you find that ECONET WIRELESS 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 |
ECONET WIRELESS 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 ECONET WIRELESS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ECONET WIRELESS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ECONET WIRELESS stock over time.
Current vs Lagged Prices |
| Timeline |
ECONET WIRELESS Lagged Returns
When evaluating ECONET WIRELESS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ECONET WIRELESS stock have on its future price. ECONET WIRELESS 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, ECONET WIRELESS autocorrelation shows the relationship between ECONET WIRELESS stock current value and its past values and can show if there is a momentum factor associated with investing in ECONET WIRELESS HOLDINGS.
Regressed Prices |
| Timeline |
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