MUCOBA BANK (Tanzania) Market Value
| MUCOBA Stock | 400.00 0.00 0.00% |
| Symbol | MUCOBA |
MUCOBA 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 MUCOBA 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 MUCOBA BANK.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in MUCOBA BANK on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding MUCOBA BANK PLC or generate 0.0% return on investment in MUCOBA BANK over 540 days.
MUCOBA 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 MUCOBA 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 MUCOBA BANK PLC upside and downside potential and time the market with a certain degree of confidence.
MUCOBA BANK Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MUCOBA BANK's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MUCOBA BANK's standard deviation. In reality, there are many statistical measures that can use MUCOBA BANK historical prices to predict the future MUCOBA BANK's volatility.MUCOBA BANK PLC Backtested Returns
We have found three technical indicators for MUCOBA BANK, 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 MUCOBA BANK are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
MUCOBA BANK PLC has no correlation between past and present. Overlapping area represents the amount of predictability between MUCOBA BANK time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 MUCOBA BANK PLC price movement. The serial correlation of 0.0 indicates that just 0.0% of current MUCOBA BANK 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 |
MUCOBA BANK PLC lagged returns against current returns
Autocorrelation, which is MUCOBA 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 MUCOBA BANK's stock expected returns. We can calculate the autocorrelation of MUCOBA BANK returns to help us make a trade decision. For example, suppose you find that MUCOBA 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 |
| Timeline |
MUCOBA 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 MUCOBA BANK stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MUCOBA BANK stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MUCOBA BANK stock over time.
Current vs Lagged Prices |
| Timeline |
MUCOBA BANK Lagged Returns
When evaluating MUCOBA BANK's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MUCOBA BANK stock have on its future price. MUCOBA 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, MUCOBA BANK autocorrelation shows the relationship between MUCOBA BANK stock current value and its past values and can show if there is a momentum factor associated with investing in MUCOBA BANK PLC.
Regressed Prices |
| Timeline |