Coronation Property (South Africa) Market Value
| 0P000161AC | 38.47 0.80 2.04% |
| Symbol | Coronation |
Coronation Property '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 Property'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 Property.
| 09/06/2024 |
| 03/05/2025 |
If you would invest 0.00 in Coronation Property on September 6, 2024 and sell it all today you would earn a total of 0.00 from holding Coronation Property Equity or generate 0.0% return on investment in Coronation Property over 180 days.
Coronation Property 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 Property'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 Property Equity upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0323 | |||
| Maximum Drawdown | 3.63 | |||
| Value At Risk | (1.40) | |||
| Potential Upside | 1.0 |
Coronation Property Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Coronation Property's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Coronation Property's standard deviation. In reality, there are many statistical measures that can use Coronation Property historical prices to predict the future Coronation Property's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | 0.0307 | |||
| Treynor Ratio | (0.28) |
Coronation Property Backtested Returns
Coronation Property secures Sharpe Ratio (or Efficiency) of -0.16, which signifies that the fund had a -0.16 % return per unit of risk over the last 3 months. Coronation Property Equity exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Coronation Property's Standard Deviation of 0.8086, mean deviation of 0.5793, and Risk Adjusted Performance of (0.05) to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.22, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Coronation Property's returns are expected to increase less than the market. However, during the bear market, the loss of holding Coronation Property is expected to be smaller as well.
Auto-correlation | 0.28 |
Poor predictability
Coronation Property Equity has poor predictability. Overlapping area represents the amount of predictability between Coronation Property time series from 6th of September 2024 to 5th of December 2024 and 5th of December 2024 to 5th of March 2025. 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 Property price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current Coronation Property price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | 0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 1.51 |
Coronation Property lagged returns against current returns
Autocorrelation, which is Coronation Property 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 Property's fund expected returns. We can calculate the autocorrelation of Coronation Property returns to help us make a trade decision. For example, suppose you find that Coronation Property 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 Property 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 Property fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Coronation Property fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Coronation Property fund over time.
Current vs Lagged Prices |
| Timeline |
Coronation Property Lagged Returns
When evaluating Coronation Property's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Coronation Property fund have on its future price. Coronation Property 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 Property autocorrelation shows the relationship between Coronation Property fund current value and its past values and can show if there is a momentum factor associated with investing in Coronation Property Equity.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| Bonds Directory Find actively traded corporate debentures issued by US companies | |
| Crypto Correlations Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins | |
| Economic Indicators Top statistical indicators that provide insights into how an economy is performing |