MAENDELEO BANK (Tanzania) Market Value
| MBP Stock | 340.00 0.00 0.00% |
| Symbol | MAENDELEO |
MAENDELEO 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 MAENDELEO 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 MAENDELEO BANK.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in MAENDELEO BANK on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding MAENDELEO BANK PLC or generate 0.0% return on investment in MAENDELEO BANK over 720 days.
MAENDELEO 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 MAENDELEO 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 MAENDELEO BANK PLC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0075 | |||
| Maximum Drawdown | 10.79 |
MAENDELEO BANK Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MAENDELEO BANK's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MAENDELEO BANK's standard deviation. In reality, there are many statistical measures that can use MAENDELEO BANK historical prices to predict the future MAENDELEO BANK's volatility.| Risk Adjusted Performance | 0.1031 | |||
| Jensen Alpha | 0.1084 | |||
| Total Risk Alpha | (0.05) | |||
| Treynor Ratio | 0.6297 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of MAENDELEO BANK's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
MAENDELEO BANK PLC Backtested Returns
At this point, MAENDELEO BANK is very steady. MAENDELEO BANK PLC has Sharpe Ratio of 0.11, which conveys that the company had a 0.11% return per unit of risk over the last 3 months. We have found sixteen technical indicators for MAENDELEO BANK, which you can use to evaluate the volatility of the entity. Please verify MAENDELEO BANK's Mean Deviation of 0.3652, coefficient of variation of 764.79, and Standard Deviation of 1.12 to check out if the risk estimate we provide is consistent with the expected return of 0.13%. MAENDELEO BANK has a performance score of 8 on a scale of 0 to 100. The firm secures a Beta (Market Risk) of 0.22, which conveys not very significant fluctuations relative to the market. As returns on the market increase, MAENDELEO BANK's returns are expected to increase less than the market. However, during the bear market, the loss of holding MAENDELEO BANK is expected to be smaller as well. MAENDELEO BANK PLC at this time secures a risk of 1.14%. Please verify MAENDELEO BANK PLC information ratio, maximum drawdown, and the relationship between the variance and treynor ratio , to decide if MAENDELEO BANK PLC will be following its current price movements.
Auto-correlation | -0.85 |
Excellent reverse predictability
MAENDELEO BANK PLC has excellent reverse predictability. Overlapping area represents the amount of predictability between MAENDELEO BANK time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 MAENDELEO BANK PLC price movement. The serial correlation of -0.85 indicates that around 85.0% of current MAENDELEO BANK price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.85 | |
| Spearman Rank Test | -0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 334.64 |
MAENDELEO BANK PLC lagged returns against current returns
Autocorrelation, which is MAENDELEO 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 MAENDELEO BANK's stock expected returns. We can calculate the autocorrelation of MAENDELEO BANK returns to help us make a trade decision. For example, suppose you find that MAENDELEO 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 |
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MAENDELEO 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 MAENDELEO BANK stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MAENDELEO BANK stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MAENDELEO BANK stock over time.
Current vs Lagged Prices |
| Timeline |
MAENDELEO BANK Lagged Returns
When evaluating MAENDELEO BANK's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MAENDELEO BANK stock have on its future price. MAENDELEO 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, MAENDELEO BANK autocorrelation shows the relationship between MAENDELEO BANK stock current value and its past values and can show if there is a momentum factor associated with investing in MAENDELEO BANK PLC.
Regressed Prices |
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