GHANA MERCIAL (Ghana) Market Value
| GCB Stock | 6.30 0.00 0.00% |
| Symbol | GHANA |
GHANA MERCIAL '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 GHANA MERCIAL'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 GHANA MERCIAL.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in GHANA MERCIAL on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding GHANA MERCIAL BANK or generate 0.0% return on investment in GHANA MERCIAL over 510 days.
GHANA MERCIAL 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 GHANA MERCIAL'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 GHANA MERCIAL BANK upside and downside potential and time the market with a certain degree of confidence.
GHANA MERCIAL Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GHANA MERCIAL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GHANA MERCIAL's standard deviation. In reality, there are many statistical measures that can use GHANA MERCIAL historical prices to predict the future GHANA MERCIAL's volatility.| Risk Adjusted Performance | 0.1747 | |||
| Jensen Alpha | 0.0926 | |||
| Total Risk Alpha | 0.0245 | |||
| Treynor Ratio | (2.13) |
GHANA MERCIAL BANK Backtested Returns
At this point, GHANA MERCIAL is very steady. GHANA MERCIAL BANK retains Efficiency (Sharpe Ratio) of 0.24, which attests that the entity had a 0.24% return per unit of risk over the last 3 months. We have found seventeen technical indicators for GHANA MERCIAL, which you can use to evaluate the volatility of the firm. Please check out GHANA MERCIAL's Market Risk Adjusted Performance of (2.12), variance of 0.1655, and Coefficient Of Variation of 416.53 to validate if the risk estimate we provide is consistent with the expected return of 0.1%. GHANA MERCIAL has a performance score of 19 on a scale of 0 to 100. The company owns a Beta (Systematic Risk) of -0.0411, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning GHANA MERCIAL are expected to decrease at a much lower rate. During the bear market, GHANA MERCIAL is likely to outperform the market. GHANA MERCIAL BANK at this time owns a risk of 0.41%. Please check out GHANA MERCIAL BANK coefficient of variation, variance, and the relationship between the mean deviation and standard deviation , to decide if GHANA MERCIAL BANK will be following its current price history.
Auto-correlation | 0.37 |
Below average predictability
GHANA MERCIAL BANK has below average predictability. Overlapping area represents the amount of predictability between GHANA MERCIAL time series from 5th of July 2023 to 16th of March 2024 and 16th of March 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 GHANA MERCIAL BANK price movement. The serial correlation of 0.37 indicates that just about 37.0% of current GHANA MERCIAL price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.77 |
GHANA MERCIAL BANK lagged returns against current returns
Autocorrelation, which is GHANA MERCIAL 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 GHANA MERCIAL's stock expected returns. We can calculate the autocorrelation of GHANA MERCIAL returns to help us make a trade decision. For example, suppose you find that GHANA MERCIAL 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 |
GHANA MERCIAL 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 GHANA MERCIAL stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GHANA MERCIAL stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GHANA MERCIAL stock over time.
Current vs Lagged Prices |
| Timeline |
GHANA MERCIAL Lagged Returns
When evaluating GHANA MERCIAL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GHANA MERCIAL stock have on its future price. GHANA MERCIAL 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, GHANA MERCIAL autocorrelation shows the relationship between GHANA MERCIAL stock current value and its past values and can show if there is a momentum factor associated with investing in GHANA MERCIAL BANK.
Regressed Prices |
| Timeline |