Coronation Capital (South Africa) Market Value
| 0P0000IR6J | 57.70 0.47 0.82% |
| Symbol | Coronation |
Coronation Capital '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 Coronation Capital's fund 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 Coronation Capital.
| 06/18/2024 |
| 12/15/2024 |
If you would invest 0.00 in Coronation Capital on June 18, 2024 and sell it all today you would earn a total of 0.00 from holding Coronation Capital Plus or generate 0.0% return on investment in Coronation Capital over 180 days.
Coronation Capital 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 Coronation Capital's fund 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 Coronation Capital Plus upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3081 | |||
| Information Ratio | 0.0101 | |||
| Maximum Drawdown | 2.51 | |||
| Value At Risk | (0.48) | |||
| Potential Upside | 0.8212 |
Coronation Capital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Coronation Capital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Coronation Capital's standard deviation. In reality, there are many statistical measures that can use Coronation Capital historical prices to predict the future Coronation Capital's volatility.| Risk Adjusted Performance | 0.1679 | |||
| Jensen Alpha | 0.0848 | |||
| Total Risk Alpha | 0.0406 | |||
| Sortino Ratio | 0.0142 | |||
| Treynor Ratio | 0.883 |
Coronation Capital Plus Backtested Returns
Coronation Capital is very steady at the moment. Coronation Capital Plus secures Sharpe Ratio (or Efficiency) of 0.23, which signifies that the fund had a 0.23% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Coronation Capital Plus, which you can use to evaluate the volatility of the entity. Please confirm Coronation Capital's Mean Deviation of 0.3249, coefficient of variation of 415.27, and Risk Adjusted Performance of 0.1679 to double-check if the risk estimate we provide is consistent with the expected return of 0.1%. The fund shows a Beta (market volatility) of 0.11, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Coronation Capital's returns are expected to increase less than the market. However, during the bear market, the loss of holding Coronation Capital is expected to be smaller as well.
Auto-correlation | 0.70 |
Good predictability
Coronation Capital Plus has good predictability. Overlapping area represents the amount of predictability between Coronation Capital time series from 18th of June 2024 to 16th of September 2024 and 16th of September 2024 to 15th 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 Coronation Capital Plus price movement. The serial correlation of 0.7 indicates that around 70.0% of current Coronation Capital price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | 0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 0.86 |
Coronation Capital Plus lagged returns against current returns
Autocorrelation, which is Coronation Capital fund'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 Coronation Capital's fund expected returns. We can calculate the autocorrelation of Coronation Capital returns to help us make a trade decision. For example, suppose you find that Coronation Capital has exhibited high autocorrelation historically, and you observe that the fund 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 |
Coronation Capital 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 Coronation Capital fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Coronation Capital fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Coronation Capital fund over time.
Current vs Lagged Prices |
| Timeline |
Coronation Capital Lagged Returns
When evaluating Coronation Capital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Coronation Capital fund have on its future price. Coronation Capital 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, Coronation Capital autocorrelation shows the relationship between Coronation Capital fund current value and its past values and can show if there is a momentum factor associated with investing in Coronation Capital Plus.
Regressed Prices |
| Timeline |
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