MKOMBOZI MERCIAL (Tanzania) Market Value
| MKCB Stock | 560.00 0.00 0.00% |
| Symbol | MKOMBOZI |
MKOMBOZI 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 MKOMBOZI 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 MKOMBOZI MERCIAL.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in MKOMBOZI MERCIAL on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding MKOMBOZI MERCIAL BANK or generate 0.0% return on investment in MKOMBOZI MERCIAL over 180 days.
MKOMBOZI 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 MKOMBOZI 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 MKOMBOZI MERCIAL BANK upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 3.7 |
MKOMBOZI MERCIAL Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MKOMBOZI MERCIAL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MKOMBOZI MERCIAL's standard deviation. In reality, there are many statistical measures that can use MKOMBOZI MERCIAL historical prices to predict the future MKOMBOZI MERCIAL's volatility.| Risk Adjusted Performance | 4.0E-4 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | (6.66) |
MKOMBOZI MERCIAL BANK Backtested Returns
Currently, MKOMBOZI MERCIAL BANK is very steady. MKOMBOZI MERCIAL BANK has Sharpe Ratio of 0.0032, which conveys that the firm had a 0.0032% return per unit of volatility over the last 3 months. We have found sixteen technical indicators for MKOMBOZI MERCIAL, which you can use to evaluate the volatility of the firm. Please verify MKOMBOZI MERCIAL's mean deviation of 0.1122, and Risk Adjusted Performance of 4.0E-4 to check out if the risk estimate we provide is consistent with the expected return of 0.0021%. The company secures a Beta (Market Risk) of 0.0012, which conveys not very significant fluctuations relative to the market. As returns on the market increase, MKOMBOZI MERCIAL's returns are expected to increase less than the market. However, during the bear market, the loss of holding MKOMBOZI MERCIAL is expected to be smaller as well. MKOMBOZI MERCIAL BANK currently secures a risk of 0.65%. Please verify MKOMBOZI MERCIAL BANK treynor ratio, skewness, rate of daily change, as well as the relationship between the maximum drawdown and kurtosis , to decide if MKOMBOZI MERCIAL BANK will be following its current price movements.
Auto-correlation | 0.26 |
Poor predictability
MKOMBOZI MERCIAL BANK has poor predictability. Overlapping area represents the amount of predictability between MKOMBOZI MERCIAL 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 MKOMBOZI MERCIAL BANK price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current MKOMBOZI MERCIAL price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 99.77 |
MKOMBOZI MERCIAL BANK lagged returns against current returns
Autocorrelation, which is MKOMBOZI 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 MKOMBOZI MERCIAL's stock expected returns. We can calculate the autocorrelation of MKOMBOZI MERCIAL returns to help us make a trade decision. For example, suppose you find that MKOMBOZI 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 |
MKOMBOZI 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 MKOMBOZI MERCIAL stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MKOMBOZI MERCIAL stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MKOMBOZI MERCIAL stock over time.
Current vs Lagged Prices |
| Timeline |
MKOMBOZI MERCIAL Lagged Returns
When evaluating MKOMBOZI MERCIAL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MKOMBOZI MERCIAL stock have on its future price. MKOMBOZI 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, MKOMBOZI MERCIAL autocorrelation shows the relationship between MKOMBOZI MERCIAL stock current value and its past values and can show if there is a momentum factor associated with investing in MKOMBOZI MERCIAL BANK.
Regressed Prices |
| Timeline |
Also Currently Popular
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 MKOMBOZI Stock Analysis
When running MKOMBOZI MERCIAL's price analysis, check to measure MKOMBOZI MERCIAL'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 MKOMBOZI MERCIAL is operating at the current time. Most of MKOMBOZI MERCIAL's value examination focuses on studying past and present price action to predict the probability of MKOMBOZI MERCIAL's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MKOMBOZI MERCIAL's price. Additionally, you may evaluate how the addition of MKOMBOZI MERCIAL to your portfolios can decrease your overall portfolio volatility.