TANZANIA BREWERIES (Tanzania) Market Value
| TBL Stock | 10,900 0.00 0.00% |
| Symbol | TANZANIA |
TANZANIA BREWERIES '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 TANZANIA BREWERIES'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 TANZANIA BREWERIES.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in TANZANIA BREWERIES on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding TANZANIA BREWERIES LTD or generate 0.0% return on investment in TANZANIA BREWERIES over 360 days.
TANZANIA BREWERIES 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 TANZANIA BREWERIES'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 TANZANIA BREWERIES LTD upside and downside potential and time the market with a certain degree of confidence.
TANZANIA BREWERIES Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TANZANIA BREWERIES's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TANZANIA BREWERIES's standard deviation. In reality, there are many statistical measures that can use TANZANIA BREWERIES historical prices to predict the future TANZANIA BREWERIES's volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of TANZANIA BREWERIES'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.
TANZANIA BREWERIES LTD Backtested Returns
We have found six technical indicators for TANZANIA BREWERIES LTD, which you can use to evaluate the volatility of the entity. Please validate TANZANIA BREWERIES's Rate Of Daily Change of 1.0, market facilitation index of 500.0, and Accumulation Distribution of 0.0459 to confirm if the risk estimate we provide is consistent with the expected return of 0.0%. The firm has a beta of 0.0, which indicates not very significant fluctuations relative to the market. the returns on MARKET and TANZANIA BREWERIES are completely uncorrelated. TANZANIA BREWERIES LTD currently has a risk of 0.0%. Please validate TANZANIA BREWERIES rate of daily change, market facilitation index, as well as the relationship between the Market Facilitation Index and price action indicator , to decide if TANZANIA BREWERIES will be following its existing price patterns.
Auto-correlation | 0.00 |
No correlation between past and present
TANZANIA BREWERIES LTD has no correlation between past and present. Overlapping area represents the amount of predictability between TANZANIA BREWERIES time series from 7th of December 2023 to 4th of June 2024 and 4th of June 2024 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 TANZANIA BREWERIES LTD price movement. The serial correlation of 0.0 indicates that just 0.0% of current TANZANIA BREWERIES 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 |
TANZANIA BREWERIES LTD lagged returns against current returns
Autocorrelation, which is TANZANIA BREWERIES 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 TANZANIA BREWERIES's stock expected returns. We can calculate the autocorrelation of TANZANIA BREWERIES returns to help us make a trade decision. For example, suppose you find that TANZANIA BREWERIES 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 |
TANZANIA BREWERIES 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 TANZANIA BREWERIES stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TANZANIA BREWERIES stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TANZANIA BREWERIES stock over time.
Current vs Lagged Prices |
| Timeline |
TANZANIA BREWERIES Lagged Returns
When evaluating TANZANIA BREWERIES's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TANZANIA BREWERIES stock have on its future price. TANZANIA BREWERIES 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, TANZANIA BREWERIES autocorrelation shows the relationship between TANZANIA BREWERIES stock current value and its past values and can show if there is a momentum factor associated with investing in TANZANIA BREWERIES LTD.
Regressed Prices |
| Timeline |