Vukile Property (South Africa) Market Value
| VKE Stock | 1,830 38.00 2.12% |
| Symbol | Vukile |
Vukile Property '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 Vukile Property'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 Vukile Property.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Vukile Property on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Vukile Property or generate 0.0% return on investment in Vukile Property over 30 days. Vukile Property is related to or competes with Reinet Investments, E Media, Astoria Investments, Brimstone Investment, and Lesaka Technologies. More
Vukile Property 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 Vukile Property'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 Vukile Property upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.28 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 5.7 | |||
| Value At Risk | (1.96) | |||
| Potential Upside | 2.01 |
Vukile Property Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vukile Property's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vukile Property's standard deviation. In reality, there are many statistical measures that can use Vukile Property historical prices to predict the future Vukile Property's volatility.| Risk Adjusted Performance | 0.0412 | |||
| Jensen Alpha | 0.033 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.4068 |
Vukile Property Backtested Returns
At this point, Vukile Property is very steady. Vukile Property owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0493, which indicates the firm had a 0.0493% return per unit of risk over the last 3 months. We have found thirty technical indicators for Vukile Property, which you can use to evaluate the volatility of the company. Please validate Vukile Property's Semi Deviation of 1.15, coefficient of variation of 2027.37, and Risk Adjusted Performance of 0.0412 to confirm if the risk estimate we provide is consistent with the expected return of 0.058%. Vukile Property has a performance score of 3 on a scale of 0 to 100. The entity has a beta of 0.12, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Vukile Property's returns are expected to increase less than the market. However, during the bear market, the loss of holding Vukile Property is expected to be smaller as well. Vukile Property right now has a risk of 1.18%. Please validate Vukile Property value at risk, expected short fall, and the relationship between the treynor ratio and downside variance , to decide if Vukile Property will be following its existing price patterns.
Auto-correlation | -0.28 |
Weak reverse predictability
Vukile Property has weak reverse predictability. Overlapping area represents the amount of predictability between Vukile Property time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd 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 Vukile Property price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Vukile Property price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | -0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 591.6 |
Vukile Property lagged returns against current returns
Autocorrelation, which is Vukile Property 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 Vukile Property's stock expected returns. We can calculate the autocorrelation of Vukile Property returns to help us make a trade decision. For example, suppose you find that Vukile Property 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 |
Vukile Property 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 Vukile Property stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vukile Property stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vukile Property stock over time.
Current vs Lagged Prices |
| Timeline |
Vukile Property Lagged Returns
When evaluating Vukile Property's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vukile Property stock have on its future price. Vukile Property 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, Vukile Property autocorrelation shows the relationship between Vukile Property stock current value and its past values and can show if there is a momentum factor associated with investing in Vukile Property.
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.Other Information on Investing in Vukile Stock
Vukile Property financial ratios help investors to determine whether Vukile Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Vukile with respect to the benefits of owning Vukile Property security.