TAJ PAMODZI (Zambia) Market Value
| PAMODZI Stock | 4.62 0.00 0.00% |
| Symbol | TAJ |
TAJ PAMODZI '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 TAJ PAMODZI'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 TAJ PAMODZI.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in TAJ PAMODZI on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding TAJ PAMODZI HOTELS or generate 0.0% return on investment in TAJ PAMODZI over 30 days.
TAJ PAMODZI 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 TAJ PAMODZI'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 TAJ PAMODZI HOTELS upside and downside potential and time the market with a certain degree of confidence.
TAJ PAMODZI Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TAJ PAMODZI's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TAJ PAMODZI's standard deviation. In reality, there are many statistical measures that can use TAJ PAMODZI historical prices to predict the future TAJ PAMODZI's volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of TAJ PAMODZI'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.
TAJ PAMODZI HOTELS Backtested Returns
We have found three technical indicators for TAJ PAMODZI HOTELS, which you can use to evaluate the volatility of the entity. The firm has a beta of 0.0, which indicates not very significant fluctuations relative to the market. the returns on MARKET and TAJ PAMODZI are completely uncorrelated.
Auto-correlation | 1.00 |
Perfect predictability
TAJ PAMODZI HOTELS has perfect predictability. Overlapping area represents the amount of predictability between TAJ PAMODZI time series from 30th of October 2024 to 14th of November 2024 and 14th of November 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 TAJ PAMODZI HOTELS price movement. The serial correlation of 1.0 indicates that 100.0% of current TAJ PAMODZI price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
TAJ PAMODZI HOTELS lagged returns against current returns
Autocorrelation, which is TAJ PAMODZI 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 TAJ PAMODZI's stock expected returns. We can calculate the autocorrelation of TAJ PAMODZI returns to help us make a trade decision. For example, suppose you find that TAJ PAMODZI 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 |
TAJ PAMODZI 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 TAJ PAMODZI stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TAJ PAMODZI stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TAJ PAMODZI stock over time.
Current vs Lagged Prices |
| Timeline |
TAJ PAMODZI Lagged Returns
When evaluating TAJ PAMODZI's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TAJ PAMODZI stock have on its future price. TAJ PAMODZI 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, TAJ PAMODZI autocorrelation shows the relationship between TAJ PAMODZI stock current value and its past values and can show if there is a momentum factor associated with investing in TAJ PAMODZI HOTELS.
Regressed Prices |
| Timeline |