JATU PLC (Tanzania) Market Value
| JATU Stock | 265.00 0.00 0.00% |
| Symbol | JATU |
JATU PLC '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 JATU PLC'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 JATU PLC.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in JATU PLC on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding JATU PLC or generate 0.0% return on investment in JATU PLC over 360 days.
JATU PLC 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 JATU PLC'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 JATU PLC upside and downside potential and time the market with a certain degree of confidence.
JATU PLC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for JATU PLC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as JATU PLC's standard deviation. In reality, there are many statistical measures that can use JATU PLC historical prices to predict the future JATU PLC's volatility.JATU PLC Backtested Returns
We have found three technical indicators for JATU PLC, which you can use to evaluate the volatility of the entity. The firm retains a Market Volatility (i.e., Beta) of 0.0, which attests to not very significant fluctuations relative to the market. the returns on MARKET and JATU PLC are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
JATU PLC has no correlation between past and present. Overlapping area represents the amount of predictability between JATU PLC time series from 7th of December 2023 to 4th of June 2024 and 4th of June 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 JATU PLC price movement. The serial correlation of 0.0 indicates that just 0.0% of current JATU PLC price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
JATU PLC lagged returns against current returns
Autocorrelation, which is JATU PLC 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 JATU PLC's stock expected returns. We can calculate the autocorrelation of JATU PLC returns to help us make a trade decision. For example, suppose you find that JATU PLC 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 |
JATU PLC 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 JATU PLC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if JATU PLC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in JATU PLC stock over time.
Current vs Lagged Prices |
| Timeline |
JATU PLC Lagged Returns
When evaluating JATU PLC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of JATU PLC stock have on its future price. JATU PLC 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, JATU PLC autocorrelation shows the relationship between JATU PLC stock current value and its past values and can show if there is a momentum factor associated with investing in JATU 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 JATU Stock Analysis
When running JATU PLC's price analysis, check to measure JATU PLC'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 JATU PLC is operating at the current time. Most of JATU PLC's value examination focuses on studying past and present price action to predict the probability of JATU PLC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move JATU PLC's price. Additionally, you may evaluate how the addition of JATU PLC to your portfolios can decrease your overall portfolio volatility.