MWALIMU MERCIAL (Tanzania) Market Value
| MCB Stock | 310.00 0.00 0.00% |
| Symbol | MWALIMU |
MWALIMU 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 MWALIMU 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 MWALIMU MERCIAL.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in MWALIMU MERCIAL on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding MWALIMU MERCIAL BANK or generate 0.0% return on investment in MWALIMU MERCIAL over 180 days.
MWALIMU 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 MWALIMU 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 MWALIMU MERCIAL BANK upside and downside potential and time the market with a certain degree of confidence.
MWALIMU MERCIAL Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MWALIMU MERCIAL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MWALIMU MERCIAL's standard deviation. In reality, there are many statistical measures that can use MWALIMU MERCIAL historical prices to predict the future MWALIMU MERCIAL's volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of MWALIMU MERCIAL'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.
MWALIMU MERCIAL BANK Backtested Returns
We have found three technical indicators for MWALIMU MERCIAL, which you can use to evaluate the volatility of the firm. The company owns a Beta (Systematic Risk) of 0.0, which conveys not very significant fluctuations relative to the market. the returns on MARKET and MWALIMU MERCIAL are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
MWALIMU MERCIAL BANK has no correlation between past and present. Overlapping area represents the amount of predictability between MWALIMU MERCIAL time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 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 MWALIMU MERCIAL BANK price movement. The serial correlation of 0.0 indicates that just 0.0% of current MWALIMU MERCIAL 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 |
MWALIMU MERCIAL BANK lagged returns against current returns
Autocorrelation, which is MWALIMU 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 MWALIMU MERCIAL's stock expected returns. We can calculate the autocorrelation of MWALIMU MERCIAL returns to help us make a trade decision. For example, suppose you find that MWALIMU 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 |
MWALIMU 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 MWALIMU MERCIAL stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MWALIMU MERCIAL stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MWALIMU MERCIAL stock over time.
Current vs Lagged Prices |
| Timeline |
MWALIMU MERCIAL Lagged Returns
When evaluating MWALIMU MERCIAL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MWALIMU MERCIAL stock have on its future price. MWALIMU 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, MWALIMU MERCIAL autocorrelation shows the relationship between MWALIMU MERCIAL stock current value and its past values and can show if there is a momentum factor associated with investing in MWALIMU MERCIAL BANK.
Regressed Prices |
| Timeline |