TANZANIA CIGARETTE (Tanzania) Market Value
| TCC Stock | 17,000 0.00 0.00% |
| Symbol | TANZANIA |
TANZANIA CIGARETTE '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 CIGARETTE'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 CIGARETTE.
| 01/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in TANZANIA CIGARETTE on January 9, 2023 and sell it all today you would earn a total of 0.00 from holding TANZANIA CIGARETTE LTD or generate 0.0% return on investment in TANZANIA CIGARETTE over 690 days.
TANZANIA CIGARETTE 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 CIGARETTE'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 CIGARETTE LTD upside and downside potential and time the market with a certain degree of confidence.
TANZANIA CIGARETTE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TANZANIA CIGARETTE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TANZANIA CIGARETTE's standard deviation. In reality, there are many statistical measures that can use TANZANIA CIGARETTE historical prices to predict the future TANZANIA CIGARETTE'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 CIGARETTE'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 CIGARETTE LTD Backtested Returns
We have found three technical indicators for TANZANIA CIGARETTE LTD, 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 TANZANIA CIGARETTE are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
TANZANIA CIGARETTE LTD has no correlation between past and present. Overlapping area represents the amount of predictability between TANZANIA CIGARETTE time series from 9th of January 2023 to 20th of December 2023 and 20th of December 2023 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 TANZANIA CIGARETTE LTD price movement. The serial correlation of 0.0 indicates that just 0.0% of current TANZANIA CIGARETTE 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 CIGARETTE LTD lagged returns against current returns
Autocorrelation, which is TANZANIA CIGARETTE 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 CIGARETTE's stock expected returns. We can calculate the autocorrelation of TANZANIA CIGARETTE returns to help us make a trade decision. For example, suppose you find that TANZANIA CIGARETTE 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 CIGARETTE 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 CIGARETTE stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TANZANIA CIGARETTE stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TANZANIA CIGARETTE stock over time.
Current vs Lagged Prices |
| Timeline |
TANZANIA CIGARETTE Lagged Returns
When evaluating TANZANIA CIGARETTE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TANZANIA CIGARETTE stock have on its future price. TANZANIA CIGARETTE 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 CIGARETTE autocorrelation shows the relationship between TANZANIA CIGARETTE stock current value and its past values and can show if there is a momentum factor associated with investing in TANZANIA CIGARETTE LTD.
Regressed Prices |
| Timeline |