ECONET WIRELESS (Zimbabwe) Performance
| ECO Stock | 300.26 3.69 1.21% |
The firm shows a Beta (market volatility) of -0.61, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning ECONET WIRELESS are expected to decrease at a much lower rate. During the bear market, ECONET WIRELESS is likely to outperform the market. At this point, ECONET WIRELESS HOLDINGS has a negative expected return of -0.63%. Please make sure to confirm ECONET WIRELESS's maximum drawdown, as well as the relationship between the accumulation distribution and day typical price , to decide if ECONET WIRELESS HOLDINGS performance from the past will be repeated in the future.
Risk-Adjusted Performance
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Over the last 90 days ECONET WIRELESS HOLDINGS has generated negative risk-adjusted returns adding no value to investors with long positions. Despite inconsistent performance in the last few months, the Stock's forward indicators remain fairly strong which may send shares a bit higher in January 2025. The recent confusion may also be a sign of long-lasting up-swing for the firm traders. ...more
ECONET |
ECONET WIRELESS Relative Risk vs. Return Landscape
If you would invest 51,031 in ECONET WIRELESS HOLDINGS on September 15, 2024 and sell it today you would lose (21,005) from holding ECONET WIRELESS HOLDINGS or give up 41.16% of portfolio value over 90 days. ECONET WIRELESS HOLDINGS is generating negative expected returns and assumes 5.9934% volatility on return distribution over the 90 days horizon. Simply put, 53% of stocks are less volatile than ECONET, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
ECONET WIRELESS Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for ECONET WIRELESS's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as ECONET WIRELESS HOLDINGS, and traders can use it to determine the average amount a ECONET WIRELESS's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.1055
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| Negative Returns | ECO |
Estimated Market Risk
| 5.99 actual daily | 53 53% of assets are less volatile |
Expected Return
| -0.63 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.11 actual daily | 0 Most of other assets perform better |
Based on monthly moving average ECONET WIRELESS is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of ECONET WIRELESS by adding ECONET WIRELESS to a well-diversified portfolio.
Things to note about ECONET WIRELESS HOLDINGS performance evaluation
Checking the ongoing alerts about ECONET WIRELESS for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for ECONET WIRELESS HOLDINGS help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| ECONET WIRELESS generated a negative expected return over the last 90 days | |
| ECONET WIRELESS has high historical volatility and very poor performance |
- Analyzing ECONET WIRELESS's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether ECONET WIRELESS's stock is overvalued or undervalued compared to its peers.
- Examining ECONET WIRELESS's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating ECONET WIRELESS's management team can have a significant impact on its success or failure. Reviewing the track record and experience of ECONET WIRELESS's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of ECONET WIRELESS's stock. These opinions can provide insight into ECONET WIRELESS's potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for ECONET Stock analysis
When running ECONET WIRELESS's price analysis, check to measure ECONET WIRELESS'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 ECONET WIRELESS is operating at the current time. Most of ECONET WIRELESS's value examination focuses on studying past and present price action to predict the probability of ECONET WIRELESS's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ECONET WIRELESS's price. Additionally, you may evaluate how the addition of ECONET WIRELESS to your portfolios can decrease your overall portfolio volatility.
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