AFRICURE PHARMACUETICALS (Mauritius) Market Value
| AFRP Stock | 6.06 0.00 0.00% |
| Symbol | AFRICURE |
AFRICURE PHARMACUETICALS '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 AFRICURE PHARMACUETICALS'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 AFRICURE PHARMACUETICALS.
| 12/19/2024 |
| 03/19/2025 |
If you would invest 0.00 in AFRICURE PHARMACUETICALS on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding AFRICURE PHARMACUETICALS LTD or generate 0.0% return on investment in AFRICURE PHARMACUETICALS over 90 days.
AFRICURE PHARMACUETICALS 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 AFRICURE PHARMACUETICALS'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 AFRICURE PHARMACUETICALS LTD upside and downside potential and time the market with a certain degree of confidence.
AFRICURE PHARMACUETICALS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AFRICURE PHARMACUETICALS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AFRICURE PHARMACUETICALS's standard deviation. In reality, there are many statistical measures that can use AFRICURE PHARMACUETICALS historical prices to predict the future AFRICURE PHARMACUETICALS's volatility.AFRICURE PHARMACUETICALS Backtested Returns
We have found three technical indicators for AFRICURE PHARMACUETICALS LTD, 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 AFRICURE PHARMACUETICALS are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
AFRICURE PHARMACUETICALS LTD has no correlation between past and present. Overlapping area represents the amount of predictability between AFRICURE PHARMACUETICALS time series from 19th of December 2024 to 2nd of February 2025 and 2nd of February 2025 to 19th 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 AFRICURE PHARMACUETICALS price movement. The serial correlation of 0.0 indicates that just 0.0% of current AFRICURE PHARMACUETICALS price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
AFRICURE PHARMACUETICALS lagged returns against current returns
Autocorrelation, which is AFRICURE PHARMACUETICALS 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 AFRICURE PHARMACUETICALS's stock expected returns. We can calculate the autocorrelation of AFRICURE PHARMACUETICALS returns to help us make a trade decision. For example, suppose you find that AFRICURE PHARMACUETICALS 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 |
AFRICURE PHARMACUETICALS 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 AFRICURE PHARMACUETICALS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AFRICURE PHARMACUETICALS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AFRICURE PHARMACUETICALS stock over time.
Current vs Lagged Prices |
| Timeline |
AFRICURE PHARMACUETICALS Lagged Returns
When evaluating AFRICURE PHARMACUETICALS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AFRICURE PHARMACUETICALS stock have on its future price. AFRICURE PHARMACUETICALS 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, AFRICURE PHARMACUETICALS autocorrelation shows the relationship between AFRICURE PHARMACUETICALS stock current value and its past values and can show if there is a momentum factor associated with investing in AFRICURE PHARMACUETICALS LTD.
Regressed Prices |
| Timeline |
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