AFRICA CLEAN (Mauritius) Market Value
| ACES Stock | 0.78 0.00 0.00% |
| Symbol | AFRICA |
AFRICA CLEAN '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 AFRICA CLEAN's stock 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 AFRICA CLEAN.
| 11/19/2023 |
| 12/13/2024 |
If you would invest 0.00 in AFRICA CLEAN on November 19, 2023 and sell it all today you would earn a total of 0.00 from holding AFRICA CLEAN ENERGY or generate 0.0% return on investment in AFRICA CLEAN over 390 days.
AFRICA CLEAN 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 AFRICA CLEAN's stock 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 AFRICA CLEAN ENERGY upside and downside potential and time the market with a certain degree of confidence.
AFRICA CLEAN Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AFRICA CLEAN's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AFRICA CLEAN's standard deviation. In reality, there are many statistical measures that can use AFRICA CLEAN historical prices to predict the future AFRICA CLEAN's volatility.AFRICA CLEAN ENERGY Backtested Returns
We have found three technical indicators for AFRICA CLEAN ENERGY, which you can use to evaluate the volatility of the firm. The firm shows a Beta (market volatility) of 0.0, which signifies not very significant fluctuations relative to the market. the returns on MARKET and AFRICA CLEAN are completely uncorrelated.
Auto-correlation | 1.00 |
Perfect predictability
AFRICA CLEAN ENERGY has perfect predictability. Overlapping area represents the amount of predictability between AFRICA CLEAN time series from 19th of November 2023 to 1st of June 2024 and 1st of June 2024 to 13th 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 AFRICA CLEAN ENERGY price movement. The serial correlation of 1.0 indicates that 100.0% of current AFRICA CLEAN price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
AFRICA CLEAN ENERGY lagged returns against current returns
Autocorrelation, which is AFRICA CLEAN stock'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 AFRICA CLEAN's stock expected returns. We can calculate the autocorrelation of AFRICA CLEAN returns to help us make a trade decision. For example, suppose you find that AFRICA CLEAN has exhibited high autocorrelation historically, and you observe that the stock 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 |
AFRICA CLEAN 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 AFRICA CLEAN stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AFRICA CLEAN stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AFRICA CLEAN stock over time.
Current vs Lagged Prices |
| Timeline |
AFRICA CLEAN Lagged Returns
When evaluating AFRICA CLEAN's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AFRICA CLEAN stock have on its future price. AFRICA CLEAN 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, AFRICA CLEAN autocorrelation shows the relationship between AFRICA CLEAN stock current value and its past values and can show if there is a momentum factor associated with investing in AFRICA CLEAN ENERGY.
Regressed Prices |
| Timeline |
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