TOTALENERGIES MARKETING (Kenya) Market Value
| TOTAL Stock | 20.00 1.00 4.76% |
| Symbol | TOTALENERGIES |
TOTALENERGIES MARKETING '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 TOTALENERGIES MARKETING'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 TOTALENERGIES MARKETING.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in TOTALENERGIES MARKETING on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding TOTALENERGIES MARKETING KENYA or generate 0.0% return on investment in TOTALENERGIES MARKETING over 30 days.
TOTALENERGIES MARKETING 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 TOTALENERGIES MARKETING'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 TOTALENERGIES MARKETING KENYA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 16.43 | |||
| Value At Risk | (6.19) | |||
| Potential Upside | 5.9 |
TOTALENERGIES MARKETING Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TOTALENERGIES MARKETING's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TOTALENERGIES MARKETING's standard deviation. In reality, there are many statistical measures that can use TOTALENERGIES MARKETING historical prices to predict the future TOTALENERGIES MARKETING's volatility.| Risk Adjusted Performance | 0.0067 | |||
| Jensen Alpha | 0.0133 | |||
| Total Risk Alpha | (0.57) | |||
| Treynor Ratio | 0.064 |
TOTALENERGIES MARKETING Backtested Returns
TOTALENERGIES MARKETING owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0117, which indicates the firm had a -0.0117% return per unit of standard deviation over the last 3 months. TOTALENERGIES MARKETING KENYA exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TOTALENERGIES MARKETING's variance of 12.4, and Risk Adjusted Performance of 0.0067 to confirm the risk estimate we provide. The entity has a beta of -0.23, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning TOTALENERGIES MARKETING are expected to decrease at a much lower rate. During the bear market, TOTALENERGIES MARKETING is likely to outperform the market. At this point, TOTALENERGIES MARKETING has a negative expected return of -0.0412%. Please make sure to validate TOTALENERGIES MARKETING's accumulation distribution, as well as the relationship between the day typical price and relative strength index , to decide if TOTALENERGIES MARKETING performance from the past will be repeated at some future point.
Auto-correlation | 0.24 |
Weak predictability
TOTALENERGIES MARKETING KENYA has weak predictability. Overlapping area represents the amount of predictability between TOTALENERGIES MARKETING time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 TOTALENERGIES MARKETING price movement. The serial correlation of 0.24 indicates that over 24.0% of current TOTALENERGIES MARKETING price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.38 |
TOTALENERGIES MARKETING lagged returns against current returns
Autocorrelation, which is TOTALENERGIES MARKETING 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 TOTALENERGIES MARKETING's stock expected returns. We can calculate the autocorrelation of TOTALENERGIES MARKETING returns to help us make a trade decision. For example, suppose you find that TOTALENERGIES MARKETING 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 |
TOTALENERGIES MARKETING 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 TOTALENERGIES MARKETING stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TOTALENERGIES MARKETING stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TOTALENERGIES MARKETING stock over time.
Current vs Lagged Prices |
| Timeline |
TOTALENERGIES MARKETING Lagged Returns
When evaluating TOTALENERGIES MARKETING's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TOTALENERGIES MARKETING stock have on its future price. TOTALENERGIES MARKETING 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, TOTALENERGIES MARKETING autocorrelation shows the relationship between TOTALENERGIES MARKETING stock current value and its past values and can show if there is a momentum factor associated with investing in TOTALENERGIES MARKETING KENYA.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Tools for TOTALENERGIES Stock Analysis
When running TOTALENERGIES MARKETING's price analysis, check to measure TOTALENERGIES MARKETING'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 TOTALENERGIES MARKETING is operating at the current time. Most of TOTALENERGIES MARKETING's value examination focuses on studying past and present price action to predict the probability of TOTALENERGIES MARKETING's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TOTALENERGIES MARKETING's price. Additionally, you may evaluate how the addition of TOTALENERGIES MARKETING to your portfolios can decrease your overall portfolio volatility.