YETU MICROFINANCE (Tanzania) Market Value
| YETU Stock | 510.00 0.00 0.00% |
| Symbol | YETU |
YETU MICROFINANCE '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 YETU MICROFINANCE'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 YETU MICROFINANCE.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in YETU MICROFINANCE on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding YETU MICROFINANCE PLC or generate 0.0% return on investment in YETU MICROFINANCE over 30 days.
YETU MICROFINANCE 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 YETU MICROFINANCE'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 YETU MICROFINANCE PLC upside and downside potential and time the market with a certain degree of confidence.
YETU MICROFINANCE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for YETU MICROFINANCE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as YETU MICROFINANCE's standard deviation. In reality, there are many statistical measures that can use YETU MICROFINANCE historical prices to predict the future YETU MICROFINANCE's volatility.YETU MICROFINANCE PLC Backtested Returns
We have found three technical indicators for YETU MICROFINANCE PLC, which you can use to evaluate the volatility of the company. The firm maintains a market beta of 0.0, which attests to not very significant fluctuations relative to the market. the returns on MARKET and YETU MICROFINANCE are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
YETU MICROFINANCE PLC has no correlation between past and present. Overlapping area represents the amount of predictability between YETU MICROFINANCE time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 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 YETU MICROFINANCE PLC price movement. The serial correlation of 0.0 indicates that just 0.0% of current YETU MICROFINANCE 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 |
YETU MICROFINANCE PLC lagged returns against current returns
Autocorrelation, which is YETU MICROFINANCE 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 YETU MICROFINANCE's stock expected returns. We can calculate the autocorrelation of YETU MICROFINANCE returns to help us make a trade decision. For example, suppose you find that YETU MICROFINANCE 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 |
YETU MICROFINANCE 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 YETU MICROFINANCE stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if YETU MICROFINANCE stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in YETU MICROFINANCE stock over time.
Current vs Lagged Prices |
| Timeline |
YETU MICROFINANCE Lagged Returns
When evaluating YETU MICROFINANCE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of YETU MICROFINANCE stock have on its future price. YETU MICROFINANCE 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, YETU MICROFINANCE autocorrelation shows the relationship between YETU MICROFINANCE stock current value and its past values and can show if there is a momentum factor associated with investing in YETU MICROFINANCE PLC.
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 YETU Stock Analysis
When running YETU MICROFINANCE's price analysis, check to measure YETU MICROFINANCE'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 YETU MICROFINANCE is operating at the current time. Most of YETU MICROFINANCE's value examination focuses on studying past and present price action to predict the probability of YETU MICROFINANCE's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move YETU MICROFINANCE's price. Additionally, you may evaluate how the addition of YETU MICROFINANCE to your portfolios can decrease your overall portfolio volatility.