Alexander Forbes (South Africa) Market Value
| AFH Stock | 830.00 76.00 10.08% |
| Symbol | Alexander |
Alexander Forbes '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 Alexander Forbes' 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 Alexander Forbes.
| 10/23/2024 |
| 12/22/2024 |
If you would invest 0.00 in Alexander Forbes on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Alexander Forbes Grp or generate 0.0% return on investment in Alexander Forbes over 60 days. Alexander Forbes is related to or competes with Sygnia, Advtech, Discovery Holdings, Dipula Income, African Media, and Prosus NV. More
Alexander Forbes 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 Alexander Forbes' 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 Alexander Forbes Grp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.7 | |||
| Information Ratio | 0.1158 | |||
| Maximum Drawdown | 16.79 | |||
| Value At Risk | (3.81) | |||
| Potential Upside | 4.43 |
Alexander Forbes Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alexander Forbes' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alexander Forbes' standard deviation. In reality, there are many statistical measures that can use Alexander Forbes historical prices to predict the future Alexander Forbes' volatility.| Risk Adjusted Performance | 0.1075 | |||
| Jensen Alpha | 0.3548 | |||
| Total Risk Alpha | 0.2861 | |||
| Sortino Ratio | 0.1288 | |||
| Treynor Ratio | 0.5319 |
Alexander Forbes Grp Backtested Returns
Alexander Forbes appears to be very steady, given 3 months investment horizon. Alexander Forbes Grp secures Sharpe Ratio (or Efficiency) of 0.0968, which signifies that the company had a 0.0968% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Alexander Forbes Grp, which you can use to evaluate the volatility of the firm. Please makes use of Alexander Forbes' mean deviation of 2.26, and Risk Adjusted Performance of 0.1075 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Alexander Forbes holds a performance score of 7. The firm shows a Beta (market volatility) of 0.7, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Alexander Forbes' returns are expected to increase less than the market. However, during the bear market, the loss of holding Alexander Forbes is expected to be smaller as well. Please check Alexander Forbes' jensen alpha, maximum drawdown, and the relationship between the coefficient of variation and sortino ratio , to make a quick decision on whether Alexander Forbes' price patterns will revert.
Auto-correlation | 0.27 |
Poor predictability
Alexander Forbes Grp has poor predictability. Overlapping area represents the amount of predictability between Alexander Forbes time series from 23rd of October 2024 to 22nd of November 2024 and 22nd of November 2024 to 22nd 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 Alexander Forbes Grp price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current Alexander Forbes price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 897.62 |
Alexander Forbes Grp lagged returns against current returns
Autocorrelation, which is Alexander Forbes 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 Alexander Forbes' stock expected returns. We can calculate the autocorrelation of Alexander Forbes returns to help us make a trade decision. For example, suppose you find that Alexander Forbes 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 |
Alexander Forbes 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 Alexander Forbes stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alexander Forbes stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alexander Forbes stock over time.
Current vs Lagged Prices |
| Timeline |
Alexander Forbes Lagged Returns
When evaluating Alexander Forbes' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alexander Forbes stock have on its future price. Alexander Forbes 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, Alexander Forbes autocorrelation shows the relationship between Alexander Forbes stock current value and its past values and can show if there is a momentum factor associated with investing in Alexander Forbes Grp.
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.Other Information on Investing in Alexander Stock
Alexander Forbes financial ratios help investors to determine whether Alexander Stock 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 Alexander with respect to the benefits of owning Alexander Forbes security.