Afrimat (South Africa) Market Value
| AFT Stock | 6,108 80.00 1.33% |
| Symbol | Afrimat |
Afrimat '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 Afrimat'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 Afrimat.
| 12/14/2024 |
| 03/14/2025 |
If you would invest 0.00 in Afrimat on December 14, 2024 and sell it all today you would earn a total of 0.00 from holding Afrimat or generate 0.0% return on investment in Afrimat over 90 days. Afrimat is related to or competes with Safari Investments, Brimstone Investment, Afine Investments, Reinet Investments, and Kap Industrial. More
Afrimat 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 Afrimat'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 Afrimat upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0021 | |||
| Maximum Drawdown | 8.49 | |||
| Value At Risk | (2.72) | |||
| Potential Upside | 2.8 |
Afrimat Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Afrimat's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Afrimat's standard deviation. In reality, there are many statistical measures that can use Afrimat historical prices to predict the future Afrimat's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | 0.1274 | |||
| Treynor Ratio | (2.10) |
Afrimat Backtested Returns
Afrimat secures Sharpe Ratio (or Efficiency) of -0.12, which signifies that the company had a -0.12 % return per unit of risk over the last 3 months. Afrimat exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Afrimat's Standard Deviation of 1.65, risk adjusted performance of (0.05), and Mean Deviation of 1.25 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0586, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Afrimat's returns are expected to increase less than the market. However, during the bear market, the loss of holding Afrimat is expected to be smaller as well. At this point, Afrimat has a negative expected return of -0.18%. Please make sure to confirm Afrimat's maximum drawdown, kurtosis, day median price, as well as the relationship between the potential upside and daily balance of power , to decide if Afrimat performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.73 |
Good predictability
Afrimat has good predictability. Overlapping area represents the amount of predictability between Afrimat time series from 14th of December 2024 to 28th of January 2025 and 28th of January 2025 to 14th 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 Afrimat price movement. The serial correlation of 0.73 indicates that around 73.0% of current Afrimat price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 18.5 K |
Afrimat lagged returns against current returns
Autocorrelation, which is Afrimat 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 Afrimat's stock expected returns. We can calculate the autocorrelation of Afrimat returns to help us make a trade decision. For example, suppose you find that Afrimat 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 |
Afrimat 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 Afrimat stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Afrimat stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Afrimat stock over time.
Current vs Lagged Prices |
| Timeline |
Afrimat Lagged Returns
When evaluating Afrimat's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Afrimat stock have on its future price. Afrimat 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, Afrimat autocorrelation shows the relationship between Afrimat stock current value and its past values and can show if there is a momentum factor associated with investing in Afrimat.
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 Afrimat Stock
Afrimat financial ratios help investors to determine whether Afrimat 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 Afrimat with respect to the benefits of owning Afrimat security.