MTN GHANA's market value is the price at which a share of MTN GHANA trades on a public exchange. It measures the collective expectations of MTN GHANA LTD investors about its performance. MTN GHANA is trading at 2.36 as of the 25th of November 2024. This is a 0.43 percent increase since the beginning of the trading day. The stock's lowest day price was 2.35. With this module, you can estimate the performance of a buy and hold strategy of MTN GHANA LTD and determine expected loss or profit from investing in MTN GHANA over a given investment horizon. Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.
Symbol
MTN
MTN GHANA '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 MTN GHANA'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 MTN GHANA.
0.00
10/26/2024
No Change 0.00
0.0
In 31 days
11/25/2024
0.00
If you would invest 0.00 in MTN GHANA on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding MTN GHANA LTD or generate 0.0% return on investment in MTN GHANA over 30 days.
MTN GHANA 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 MTN GHANA'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 MTN GHANA LTD upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for MTN GHANA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MTN GHANA's standard deviation. In reality, there are many statistical measures that can use MTN GHANA historical prices to predict the future MTN GHANA's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as MTN GHANA. Your research has to be compared to or analyzed against MTN GHANA's peers to derive any actionable benefits. When done correctly, MTN GHANA's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in MTN GHANA LTD.
MTN GHANA LTD Backtested Returns
At this point, MTN GHANA is slightly risky. MTN GHANA LTD has Sharpe Ratio of 0.0987, which conveys that the firm had a 0.0987% return per unit of volatility over the last 3 months. We have found thirty technical indicators for MTN GHANA, which you can use to evaluate the volatility of the firm. Please verify MTN GHANA's mean deviation of 0.5211, and Risk Adjusted Performance of 0.0785 to check out if the risk estimate we provide is consistent with the expected return of 0.11%. MTN GHANA has a performance score of 7 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.0651, which conveys not very significant fluctuations relative to the market. As returns on the market increase, MTN GHANA's returns are expected to increase less than the market. However, during the bear market, the loss of holding MTN GHANA is expected to be smaller as well. MTN GHANA LTD currently secures a risk of 1.16%. Please verify MTN GHANA LTD treynor ratio, kurtosis, period momentum indicator, as well as the relationship between the downside variance and day median price , to decide if MTN GHANA LTD will be following its current price movements.
Auto-correlation
0.85
Very good predictability
MTN GHANA LTD has very good predictability. Overlapping area represents the amount of predictability between MTN GHANA time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th of November 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 MTN GHANA LTD price movement. The serial correlation of 0.85 indicates that around 85.0% of current MTN GHANA price fluctuation can be explain by its past prices.
Correlation Coefficient
0.85
Spearman Rank Test
0.95
Residual Average
0.0
Price Variance
0.0
MTN GHANA LTD lagged returns against current returns
Autocorrelation, which is MTN GHANA 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 MTN GHANA's stock expected returns. We can calculate the autocorrelation of MTN GHANA returns to help us make a trade decision. For example, suppose you find that MTN GHANA 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
MTN GHANA 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 MTN GHANA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MTN GHANA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MTN GHANA stock over time.
Current vs Lagged Prices
Timeline
MTN GHANA Lagged Returns
When evaluating MTN GHANA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MTN GHANA stock have on its future price. MTN GHANA 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, MTN GHANA autocorrelation shows the relationship between MTN GHANA stock current value and its past values and can show if there is a momentum factor associated with investing in MTN GHANA LTD.
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.