PRECISION AIR (Tanzania) Market Value
| PAL Stock | 400.00 0.00 0.00% |
| Symbol | PRECISION |
PRECISION AIR '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 PRECISION AIR'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 PRECISION AIR.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in PRECISION AIR on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding PRECISION AIR SERVICES or generate 0.0% return on investment in PRECISION AIR over 720 days.
PRECISION AIR 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 PRECISION AIR'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 PRECISION AIR SERVICES upside and downside potential and time the market with a certain degree of confidence.
PRECISION AIR Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PRECISION AIR's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PRECISION AIR's standard deviation. In reality, there are many statistical measures that can use PRECISION AIR historical prices to predict the future PRECISION AIR's volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of PRECISION AIR'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.
PRECISION AIR SERVICES Backtested Returns
We have found three technical indicators for PRECISION AIR SERVICES, which you can use to evaluate the volatility of the company. The company holds a Beta of 0.0, which implies not very significant fluctuations relative to the market. the returns on MARKET and PRECISION AIR are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
PRECISION AIR SERVICES has no correlation between past and present. Overlapping area represents the amount of predictability between PRECISION AIR time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 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 PRECISION AIR SERVICES price movement. The serial correlation of 0.0 indicates that just 0.0% of current PRECISION AIR 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 |
PRECISION AIR SERVICES lagged returns against current returns
Autocorrelation, which is PRECISION AIR 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 PRECISION AIR's stock expected returns. We can calculate the autocorrelation of PRECISION AIR returns to help us make a trade decision. For example, suppose you find that PRECISION AIR 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 |
PRECISION AIR 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 PRECISION AIR stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PRECISION AIR stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PRECISION AIR stock over time.
Current vs Lagged Prices |
| Timeline |
PRECISION AIR Lagged Returns
When evaluating PRECISION AIR's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PRECISION AIR stock have on its future price. PRECISION AIR 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, PRECISION AIR autocorrelation shows the relationship between PRECISION AIR stock current value and its past values and can show if there is a momentum factor associated with investing in PRECISION AIR SERVICES.
Regressed Prices |
| Timeline |