Coronation Equity (South Africa) Market Value
| 0P0000ZVKQ | 265.61 25.09 8.63% |
| Symbol | Coronation |
Coronation Equity '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 Equity'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 Equity.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in Coronation Equity on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding Coronation Equity or generate 0.0% return on investment in Coronation Equity over 30 days.
Coronation Equity 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 Equity'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 Equity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4533 | |||
| Information Ratio | 0.0815 | |||
| Maximum Drawdown | 2.6 | |||
| Value At Risk | (0.68) | |||
| Potential Upside | 1.26 |
Coronation Equity Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Coronation Equity's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Coronation Equity's standard deviation. In reality, there are many statistical measures that can use Coronation Equity historical prices to predict the future Coronation Equity's volatility.| Risk Adjusted Performance | 0.1828 | |||
| Jensen Alpha | 0.1582 | |||
| Total Risk Alpha | 0.0655 | |||
| Sortino Ratio | 0.1033 | |||
| Treynor Ratio | (0.58) |
Coronation Equity Backtested Returns
At this stage we consider Coronation Fund to be very steady. Coronation Equity secures Sharpe Ratio (or Efficiency) of 0.0856, which signifies that the fund had a 0.0856% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Coronation Equity, which you can use to evaluate the volatility of the entity. Please confirm Coronation Equity's Downside Deviation of 0.4533, risk adjusted performance of 0.1828, and Mean Deviation of 0.4388 to double-check if the risk estimate we provide is consistent with the expected return of 0.11%. The fund shows a Beta (market volatility) of -0.24, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Coronation Equity are expected to decrease at a much lower rate. During the bear market, Coronation Equity is likely to outperform the market.
Auto-correlation | -0.28 |
Weak reverse predictability
Coronation Equity has weak reverse predictability. Overlapping area represents the amount of predictability between Coronation Equity time series from 15th of November 2024 to 30th of November 2024 and 30th of November 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 Equity price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Coronation Equity price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 46.22 |
Coronation Equity lagged returns against current returns
Autocorrelation, which is Coronation Equity 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 Equity's fund expected returns. We can calculate the autocorrelation of Coronation Equity returns to help us make a trade decision. For example, suppose you find that Coronation Equity 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 Equity 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 Equity fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Coronation Equity fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Coronation Equity fund over time.
Current vs Lagged Prices |
| Timeline |
Coronation Equity Lagged Returns
When evaluating Coronation Equity's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Coronation Equity fund have on its future price. Coronation Equity 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 Equity autocorrelation shows the relationship between Coronation Equity fund current value and its past values and can show if there is a momentum factor associated with investing in Coronation Equity.
Regressed Prices |
| Timeline |
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