Coronation Equity (South Africa) Market Value

0P0000ZVKQ   265.61  25.09  8.63%   
Coronation Equity's market value is the price at which a share of Coronation Equity trades on a public exchange. It measures the collective expectations of Coronation Equity investors about its performance. Coronation Equity is trading at 265.61 as of the 15th of December 2024; that is 8.63% down since the beginning of the trading day. The fund's open price was 290.7.
With this module, you can estimate the performance of a buy and hold strategy of Coronation Equity and determine expected loss or profit from investing in Coronation Equity over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
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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.
0.00
10/16/2024
No Change 0.00  0.0 
In 2 months and 2 days
12/15/2024
0.00
If you would invest  0.00  in Coronation Equity on October 16, 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 60 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.

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.

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 Mean Deviation of 0.4388, risk adjusted performance of 0.1828, and Downside Deviation of 0.4533 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

    
  0.01  

Virtually no predictability

Coronation Equity has virtually no predictability. Overlapping area represents the amount of predictability between Coronation Equity time series from 16th of October 2024 to 15th of November 2024 and 15th 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 0.01 indicates that just 1.0% of current Coronation Equity price fluctuation can be explain by its past prices.
Correlation Coefficient0.01
Spearman Rank Test0.4
Residual Average0.0
Price Variance52.83

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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