Assiut Islamic (Egypt) Market Value
| AITG Stock | 28.08 0.00 0.00% |
| Symbol | Assiut |
Assiut Islamic '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 Assiut Islamic'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 Assiut Islamic.
| 12/21/2023 |
| 12/15/2024 |
If you would invest 0.00 in Assiut Islamic on December 21, 2023 and sell it all today you would earn a total of 0.00 from holding Assiut Islamic Trading or generate 0.0% return on investment in Assiut Islamic over 360 days.
Assiut Islamic 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 Assiut Islamic'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 Assiut Islamic Trading upside and downside potential and time the market with a certain degree of confidence.
Assiut Islamic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Assiut Islamic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Assiut Islamic's standard deviation. In reality, there are many statistical measures that can use Assiut Islamic historical prices to predict the future Assiut Islamic's volatility.Assiut Islamic Trading Backtested Returns
We have found three technical indicators for Assiut Islamic Trading, 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 Assiut Islamic are completely uncorrelated.
Auto-correlation | 1.00 |
Perfect predictability
Assiut Islamic Trading has perfect predictability. Overlapping area represents the amount of predictability between Assiut Islamic time series from 21st of December 2023 to 18th of June 2024 and 18th of June 2024 to 15th 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 Assiut Islamic Trading price movement. The serial correlation of 1.0 indicates that 100.0% of current Assiut Islamic 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 |
Assiut Islamic Trading lagged returns against current returns
Autocorrelation, which is Assiut Islamic 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 Assiut Islamic's stock expected returns. We can calculate the autocorrelation of Assiut Islamic returns to help us make a trade decision. For example, suppose you find that Assiut Islamic 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 |
Assiut Islamic 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 Assiut Islamic stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Assiut Islamic stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Assiut Islamic stock over time.
Current vs Lagged Prices |
| Timeline |
Assiut Islamic Lagged Returns
When evaluating Assiut Islamic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Assiut Islamic stock have on its future price. Assiut Islamic 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, Assiut Islamic autocorrelation shows the relationship between Assiut Islamic stock current value and its past values and can show if there is a momentum factor associated with investing in Assiut Islamic Trading.
Regressed Prices |
| Timeline |