Coronation Top (South Africa) Market Value
| 0P0000X5C7 | 220.72 0.75 0.34% |
| Symbol | Coronation |
Coronation Top '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 Top'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 Top.
| 09/16/2024 |
| 12/15/2024 |
If you would invest 0.00 in Coronation Top on September 16, 2024 and sell it all today you would earn a total of 0.00 from holding Coronation Top 20 or generate 0.0% return on investment in Coronation Top over 90 days.
Coronation Top 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 Top'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 Top 20 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8149 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 4.0 | |||
| Value At Risk | (1.30) | |||
| Potential Upside | 1.52 |
Coronation Top Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Coronation Top's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Coronation Top's standard deviation. In reality, there are many statistical measures that can use Coronation Top historical prices to predict the future Coronation Top's volatility.| Risk Adjusted Performance | 0.0518 | |||
| Jensen Alpha | 0.0403 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.8232 |
Coronation Top 20 Backtested Returns
At this stage we consider Coronation Fund to be very steady. Coronation Top 20 secures Sharpe Ratio (or Efficiency) of 0.0483, which signifies that the fund had a 0.0483% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Coronation Top 20, which you can use to evaluate the volatility of the entity. Please confirm Coronation Top's Mean Deviation of 0.572, downside deviation of 0.8149, and Risk Adjusted Performance of 0.0518 to double-check if the risk estimate we provide is consistent with the expected return of 0.0378%. The fund shows a Beta (market volatility) of 0.055, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Coronation Top's returns are expected to increase less than the market. However, during the bear market, the loss of holding Coronation Top is expected to be smaller as well.
Auto-correlation | -0.46 |
Modest reverse predictability
Coronation Top 20 has modest reverse predictability. Overlapping area represents the amount of predictability between Coronation Top time series from 16th of September 2024 to 31st of October 2024 and 31st of October 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 Top 20 price movement. The serial correlation of -0.46 indicates that about 46.0% of current Coronation Top price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 5.06 |
Coronation Top 20 lagged returns against current returns
Autocorrelation, which is Coronation Top 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 Top's fund expected returns. We can calculate the autocorrelation of Coronation Top returns to help us make a trade decision. For example, suppose you find that Coronation Top 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 Top 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 Top fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Coronation Top fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Coronation Top fund over time.
Current vs Lagged Prices |
| Timeline |
Coronation Top Lagged Returns
When evaluating Coronation Top's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Coronation Top fund have on its future price. Coronation Top 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 Top autocorrelation shows the relationship between Coronation Top fund current value and its past values and can show if there is a momentum factor associated with investing in Coronation Top 20.
Regressed Prices |
| Timeline |
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