Emira Property (South Africa) Market Value
| EMI Stock | 1,176 4.00 0.34% |
| Symbol | Emira |
Emira Property '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 Emira Property'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 Emira Property.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Emira Property on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Emira Property or generate 0.0% return on investment in Emira Property over 540 days. Emira Property is related to or competes with Growthpoint Properties, Fortress Income, Dipula Income, Octodec, Oasis Crescent, and Safari Investments. More
Emira Property 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 Emira Property'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 Emira Property upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.42 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 8.29 | |||
| Value At Risk | (2.47) | |||
| Potential Upside | 3.2 |
Emira Property Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Emira Property's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Emira Property's standard deviation. In reality, there are many statistical measures that can use Emira Property historical prices to predict the future Emira Property's volatility.| Risk Adjusted Performance | 0.0565 | |||
| Jensen Alpha | 0.1726 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.19) |
Emira Property Backtested Returns
At this point, Emira Property is very steady. Emira Property 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. We have found twenty-nine technical indicators for Emira Property, which you can use to evaluate the volatility of the firm. Please confirm Emira Property's Coefficient Of Variation of 1507.34, downside deviation of 1.42, and Mean Deviation of 1.38 to check if the risk estimate we provide is consistent with the expected return of 0.18%. Emira Property has a performance score of 8 on a scale of 0 to 100. 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 Emira Property are expected to decrease at a much lower rate. During the bear market, Emira Property is likely to outperform the market. Emira Property right now shows a risk of 1.74%. Please confirm Emira Property coefficient of variation, sortino ratio, potential upside, as well as the relationship between the jensen alpha and maximum drawdown , to decide if Emira Property will be following its price patterns.
Auto-correlation | 0.08 |
Virtually no predictability
Emira Property has virtually no predictability. Overlapping area represents the amount of predictability between Emira Property 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 Emira Property price movement. The serial correlation of 0.08 indicates that barely 8.0% of current Emira Property price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 8081.37 |
Emira Property lagged returns against current returns
Autocorrelation, which is Emira Property 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 Emira Property's stock expected returns. We can calculate the autocorrelation of Emira Property returns to help us make a trade decision. For example, suppose you find that Emira Property 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 |
Emira Property 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 Emira Property stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Emira Property stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Emira Property stock over time.
Current vs Lagged Prices |
| Timeline |
Emira Property Lagged Returns
When evaluating Emira Property's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Emira Property stock have on its future price. Emira Property 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, Emira Property autocorrelation shows the relationship between Emira Property stock current value and its past values and can show if there is a momentum factor associated with investing in Emira Property.
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.Other Information on Investing in Emira Stock
Emira Property financial ratios help investors to determine whether Emira Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Emira with respect to the benefits of owning Emira Property security.