SWISSPORT TANZANIA (Tanzania) Market Value
| SWIS Stock | 1,100 100.00 10.00% |
| Symbol | SWISSPORT |
SWISSPORT TANZANIA '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 SWISSPORT TANZANIA'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 SWISSPORT TANZANIA.
| 12/23/2024 |
| 01/22/2025 |
If you would invest 0.00 in SWISSPORT TANZANIA on December 23, 2024 and sell it all today you would earn a total of 0.00 from holding SWISSPORT TANZANIA LTD or generate 0.0% return on investment in SWISSPORT TANZANIA over 30 days.
SWISSPORT TANZANIA 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 SWISSPORT TANZANIA'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 SWISSPORT TANZANIA LTD upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 17.42 | |||
| Value At Risk | (3.64) |
SWISSPORT TANZANIA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SWISSPORT TANZANIA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SWISSPORT TANZANIA's standard deviation. In reality, there are many statistical measures that can use SWISSPORT TANZANIA historical prices to predict the future SWISSPORT TANZANIA's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | (0.55) |
SWISSPORT TANZANIA LTD Backtested Returns
SWISSPORT TANZANIA LTD owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0657, which indicates the firm had a -0.0657 % return per unit of volatility over the last 3 months. SWISSPORT TANZANIA LTD exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SWISSPORT TANZANIA's risk adjusted performance of (0.03), and Variance of 5.72 to confirm the risk estimate we provide. The entity has a beta of 0.21, which indicates not very significant fluctuations relative to the market. As returns on the market increase, SWISSPORT TANZANIA's returns are expected to increase less than the market. However, during the bear market, the loss of holding SWISSPORT TANZANIA is expected to be smaller as well. At this point, SWISSPORT TANZANIA LTD has a negative expected return of -0.13%. Please make sure to validate SWISSPORT TANZANIA's treynor ratio, skewness, and the relationship between the total risk alpha and maximum drawdown , to decide if SWISSPORT TANZANIA LTD performance from the past will be repeated at some future point.
Auto-correlation | 0.00 |
No correlation between past and present
SWISSPORT TANZANIA LTD has no correlation between past and present. Overlapping area represents the amount of predictability between SWISSPORT TANZANIA time series from 23rd of December 2024 to 7th of January 2025 and 7th of January 2025 to 22nd of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of SWISSPORT TANZANIA LTD price movement. The serial correlation of 0.0 indicates that just 0.0% of current SWISSPORT TANZANIA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 1195.06 |
SWISSPORT TANZANIA LTD lagged returns against current returns
Autocorrelation, which is SWISSPORT TANZANIA 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 SWISSPORT TANZANIA's stock expected returns. We can calculate the autocorrelation of SWISSPORT TANZANIA returns to help us make a trade decision. For example, suppose you find that SWISSPORT TANZANIA 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 |
SWISSPORT TANZANIA 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 SWISSPORT TANZANIA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SWISSPORT TANZANIA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SWISSPORT TANZANIA stock over time.
Current vs Lagged Prices |
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SWISSPORT TANZANIA Lagged Returns
When evaluating SWISSPORT TANZANIA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SWISSPORT TANZANIA stock have on its future price. SWISSPORT TANZANIA 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, SWISSPORT TANZANIA autocorrelation shows the relationship between SWISSPORT TANZANIA stock current value and its past values and can show if there is a momentum factor associated with investing in SWISSPORT TANZANIA LTD.
Regressed Prices |
| Timeline |
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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 SWISSPORT Stock Analysis
When running SWISSPORT TANZANIA's price analysis, check to measure SWISSPORT TANZANIA'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 SWISSPORT TANZANIA is operating at the current time. Most of SWISSPORT TANZANIA's value examination focuses on studying past and present price action to predict the probability of SWISSPORT TANZANIA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SWISSPORT TANZANIA's price. Additionally, you may evaluate how the addition of SWISSPORT TANZANIA to your portfolios can decrease your overall portfolio volatility.