African Discovery Group Stock Market Value
| AFDG Stock | USD 0 0.00 0.00% |
| Symbol | African |
African Discovery '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 African Discovery's pink sheet 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 African Discovery.
| 12/18/2023 |
| 12/12/2024 |
If you would invest 0.00 in African Discovery on December 18, 2023 and sell it all today you would earn a total of 0.00 from holding African Discovery Group or generate 0.0% return on investment in African Discovery over 360 days. African Discovery is related to or competes with Black Diamond, Alta Equipment, Ashtead Group, BOC Aviation, Fortress Transportation, Triton International, and Ashtead Gro. African Discovery Group, Inc., through its subsidiaries, provides consulting services in Africa More
African Discovery 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 African Discovery's pink sheet 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 African Discovery Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 33.33 |
African Discovery Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for African Discovery's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as African Discovery's standard deviation. In reality, there are many statistical measures that can use African Discovery historical prices to predict the future African Discovery's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.70) | |||
| Total Risk Alpha | (1.44) | |||
| Treynor Ratio | 2.65 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of African Discovery's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
African Discovery Backtested Returns
African Discovery secures Sharpe Ratio (or Efficiency) of -0.17, which signifies that the company had a -0.17% return per unit of risk over the last 3 months. African Discovery Group exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm African Discovery's Mean Deviation of 1.4, standard deviation of 4.44, and Risk Adjusted Performance of (0.11) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.28, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning African Discovery are expected to decrease at a much lower rate. During the bear market, African Discovery is likely to outperform the market. At this point, African Discovery has a negative expected return of -0.76%. Please make sure to confirm African Discovery's information ratio, skewness, as well as the relationship between the Skewness and day median price , to decide if African Discovery performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.19 |
Insignificant reverse predictability
African Discovery Group has insignificant reverse predictability. Overlapping area represents the amount of predictability between African Discovery time series from 18th of December 2023 to 15th of June 2024 and 15th of June 2024 to 12th 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 African Discovery price movement. The serial correlation of -0.19 indicates that over 19.0% of current African Discovery price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
African Discovery lagged returns against current returns
Autocorrelation, which is African Discovery pink sheet'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 African Discovery's pink sheet expected returns. We can calculate the autocorrelation of African Discovery returns to help us make a trade decision. For example, suppose you find that African Discovery has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
African Discovery 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 African Discovery pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if African Discovery pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in African Discovery pink sheet over time.
Current vs Lagged Prices |
| Timeline |
African Discovery Lagged Returns
When evaluating African Discovery's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of African Discovery pink sheet have on its future price. African Discovery 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, African Discovery autocorrelation shows the relationship between African Discovery pink sheet current value and its past values and can show if there is a momentum factor associated with investing in African Discovery Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in African Pink Sheet
African Discovery financial ratios help investors to determine whether African Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in African with respect to the benefits of owning African Discovery security.