MASHONALAND HOLDINGS (Zimbabwe) Market Value
| MASH Stock | 269.92 0.08 0.03% |
| Symbol | MASHONALAND |
MASHONALAND HOLDINGS '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 MASHONALAND HOLDINGS'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 MASHONALAND HOLDINGS.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in MASHONALAND HOLDINGS on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding MASHONALAND HOLDINGS LIMITED or generate 0.0% return on investment in MASHONALAND HOLDINGS over 180 days.
MASHONALAND HOLDINGS 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 MASHONALAND HOLDINGS'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 MASHONALAND HOLDINGS LIMITED upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.84 | |||
| Information Ratio | 0.4427 | |||
| Maximum Drawdown | 22.27 | |||
| Value At Risk | (1.92) | |||
| Potential Upside | 14.54 |
MASHONALAND HOLDINGS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MASHONALAND HOLDINGS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MASHONALAND HOLDINGS's standard deviation. In reality, there are many statistical measures that can use MASHONALAND HOLDINGS historical prices to predict the future MASHONALAND HOLDINGS's volatility.| Risk Adjusted Performance | 0.3678 | |||
| Jensen Alpha | 2.51 | |||
| Total Risk Alpha | 1.52 | |||
| Sortino Ratio | 0.5812 | |||
| Treynor Ratio | (1.94) |
MASHONALAND HOLDINGS Backtested Returns
MASHONALAND HOLDINGS is very steady given 3 months investment horizon. MASHONALAND HOLDINGS has Sharpe Ratio of 0.47, which conveys that the company had a 0.47% return per unit of standard deviation over the last 3 months. We are able to interpolate and collect twenty-seven different technical indicators, which can help you to evaluate if expected returns of 2.37% are justified by taking the suggested risk. Use MASHONALAND HOLDINGS mean deviation of 3.78, and Coefficient Of Variation of 212.77 to evaluate company specific risk that cannot be diversified away. MASHONALAND HOLDINGS holds a performance score of 37 on a scale of zero to a hundred. The firm secures a Beta (Market Risk) of -1.21, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning MASHONALAND HOLDINGS are expected to decrease by larger amounts. On the other hand, during market turmoil, MASHONALAND HOLDINGS is expected to outperform it. Use MASHONALAND HOLDINGS value at risk, downside variance, and the relationship between the maximum drawdown and potential upside , to analyze future returns on MASHONALAND HOLDINGS.
Auto-correlation | 0.97 |
Excellent predictability
MASHONALAND HOLDINGS LIMITED has excellent predictability. Overlapping area represents the amount of predictability between MASHONALAND HOLDINGS time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 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 MASHONALAND HOLDINGS price movement. The serial correlation of 0.97 indicates that 97.0% of current MASHONALAND HOLDINGS price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.97 | |
| Spearman Rank Test | 0.94 | |
| Residual Average | 0.0 | |
| Price Variance | 7207.5 |
MASHONALAND HOLDINGS lagged returns against current returns
Autocorrelation, which is MASHONALAND HOLDINGS 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 MASHONALAND HOLDINGS's stock expected returns. We can calculate the autocorrelation of MASHONALAND HOLDINGS returns to help us make a trade decision. For example, suppose you find that MASHONALAND HOLDINGS 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 |
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MASHONALAND HOLDINGS 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 MASHONALAND HOLDINGS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MASHONALAND HOLDINGS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MASHONALAND HOLDINGS stock over time.
Current vs Lagged Prices |
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MASHONALAND HOLDINGS Lagged Returns
When evaluating MASHONALAND HOLDINGS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MASHONALAND HOLDINGS stock have on its future price. MASHONALAND HOLDINGS 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, MASHONALAND HOLDINGS autocorrelation shows the relationship between MASHONALAND HOLDINGS stock current value and its past values and can show if there is a momentum factor associated with investing in MASHONALAND HOLDINGS LIMITED.
Regressed Prices |
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When running MASHONALAND HOLDINGS's price analysis, check to measure MASHONALAND HOLDINGS'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 MASHONALAND HOLDINGS is operating at the current time. Most of MASHONALAND HOLDINGS's value examination focuses on studying past and present price action to predict the probability of MASHONALAND HOLDINGS's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MASHONALAND HOLDINGS's price. Additionally, you may evaluate how the addition of MASHONALAND HOLDINGS to your portfolios can decrease your overall portfolio volatility.