STACO INSURANCE (Nigeria) Market Value
| STACO Stock | 0.48 0.00 0.00% |
| Symbol | STACO |
STACO INSURANCE '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 STACO INSURANCE'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 STACO INSURANCE.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in STACO INSURANCE on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding STACO INSURANCE PLC or generate 0.0% return on investment in STACO INSURANCE over 540 days.
STACO INSURANCE 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 STACO INSURANCE'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 STACO INSURANCE PLC upside and downside potential and time the market with a certain degree of confidence.
STACO INSURANCE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for STACO INSURANCE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as STACO INSURANCE's standard deviation. In reality, there are many statistical measures that can use STACO INSURANCE historical prices to predict the future STACO INSURANCE's volatility.STACO INSURANCE PLC Backtested Returns
We have found three technical indicators for STACO INSURANCE, which you can use to evaluate the volatility of the company. The entity owns a Beta (Systematic Risk) of 0.0, which indicates not very significant fluctuations relative to the market. the returns on MARKET and STACO INSURANCE are completely uncorrelated.
Auto-correlation | 1.00 |
Perfect predictability
STACO INSURANCE PLC has perfect predictability. Overlapping area represents the amount of predictability between STACO INSURANCE 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 STACO INSURANCE PLC price movement. The serial correlation of 1.0 indicates that 100.0% of current STACO INSURANCE 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 |
STACO INSURANCE PLC lagged returns against current returns
Autocorrelation, which is STACO INSURANCE 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 STACO INSURANCE's stock expected returns. We can calculate the autocorrelation of STACO INSURANCE returns to help us make a trade decision. For example, suppose you find that STACO INSURANCE 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 |
STACO INSURANCE 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 STACO INSURANCE stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if STACO INSURANCE stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in STACO INSURANCE stock over time.
Current vs Lagged Prices |
| Timeline |
STACO INSURANCE Lagged Returns
When evaluating STACO INSURANCE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of STACO INSURANCE stock have on its future price. STACO INSURANCE 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, STACO INSURANCE autocorrelation shows the relationship between STACO INSURANCE stock current value and its past values and can show if there is a momentum factor associated with investing in STACO INSURANCE PLC.
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 STACO Stock Analysis
When running STACO INSURANCE's price analysis, check to measure STACO INSURANCE'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 STACO INSURANCE is operating at the current time. Most of STACO INSURANCE's value examination focuses on studying past and present price action to predict the probability of STACO INSURANCE's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move STACO INSURANCE's price. Additionally, you may evaluate how the addition of STACO INSURANCE to your portfolios can decrease your overall portfolio volatility.