FIDELITY BANK (Nigeria) Market Value
| FIDELITYBK | 15.95 0.05 0.31% |
| Symbol | FIDELITY |
FIDELITY 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 FIDELITY 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 FIDELITY BANK.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in FIDELITY BANK on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding FIDELITY BANK PLC or generate 0.0% return on investment in FIDELITY BANK over 180 days.
FIDELITY 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 FIDELITY 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 FIDELITY BANK PLC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.08 | |||
| Information Ratio | 0.1577 | |||
| Maximum Drawdown | 17.26 | |||
| Value At Risk | (4.44) | |||
| Potential Upside | 9.7 |
FIDELITY BANK Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for FIDELITY BANK's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FIDELITY BANK's standard deviation. In reality, there are many statistical measures that can use FIDELITY BANK historical prices to predict the future FIDELITY BANK's volatility.| Risk Adjusted Performance | 0.1565 | |||
| Jensen Alpha | 0.7298 | |||
| Total Risk Alpha | 0.1274 | |||
| Sortino Ratio | 0.1791 | |||
| Treynor Ratio | (1.32) |
FIDELITY BANK PLC Backtested Returns
FIDELITY BANK appears to be somewhat reliable, given 3 months investment horizon. FIDELITY BANK PLC secures Sharpe Ratio (or Efficiency) of 0.2, which denotes the company had a 0.2% return per unit of return volatility over the last 3 months. By analyzing FIDELITY BANK's technical indicators, you can evaluate if the expected return of 0.7% is justified by implied risk. Please utilize FIDELITY BANK's mean deviation of 2.37, and Downside Deviation of 3.08 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, FIDELITY BANK holds a performance score of 15. The firm shows a Beta (market volatility) of -0.51, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning FIDELITY BANK are expected to decrease at a much lower rate. During the bear market, FIDELITY BANK is likely to outperform the market. Please check FIDELITY BANK's potential upside, rate of daily change, and the relationship between the sortino ratio and skewness , to make a quick decision on whether FIDELITY BANK's price patterns will revert.
Auto-correlation | 0.54 |
Modest predictability
FIDELITY BANK PLC has modest predictability. Overlapping area represents the amount of predictability between FIDELITY BANK time series from 30th of May 2024 to 28th of August 2024 and 28th of August 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 FIDELITY BANK PLC price movement. The serial correlation of 0.54 indicates that about 54.0% of current FIDELITY BANK price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | 0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 3.16 |
FIDELITY BANK PLC lagged returns against current returns
Autocorrelation, which is FIDELITY 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 FIDELITY BANK's stock expected returns. We can calculate the autocorrelation of FIDELITY BANK returns to help us make a trade decision. For example, suppose you find that FIDELITY 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 |
FIDELITY 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 FIDELITY BANK stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FIDELITY BANK stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in FIDELITY BANK stock over time.
Current vs Lagged Prices |
| Timeline |
FIDELITY BANK Lagged Returns
When evaluating FIDELITY BANK's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FIDELITY BANK stock have on its future price. FIDELITY 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, FIDELITY BANK autocorrelation shows the relationship between FIDELITY BANK stock current value and its past values and can show if there is a momentum factor associated with investing in FIDELITY BANK PLC.
Regressed Prices |
| Timeline |
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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 FIDELITY Stock Analysis
When running FIDELITY BANK's price analysis, check to measure FIDELITY 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 FIDELITY BANK is operating at the current time. Most of FIDELITY BANK's value examination focuses on studying past and present price action to predict the probability of FIDELITY 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 FIDELITY BANK's price. Additionally, you may evaluate how the addition of FIDELITY BANK to your portfolios can decrease your overall portfolio volatility.