Afine Investments (South Africa) Market Value
| ANI Stock | 386.00 0.00 0.00% |
| Symbol | Afine |
Afine Investments '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 Afine Investments' 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 Afine Investments.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Afine Investments on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Afine Investments or generate 0.0% return on investment in Afine Investments over 90 days. Afine Investments is related to or competes with RCL Foods, Kumba Iron, Allied Electronics, and Frontier Transport. More
Afine Investments 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 Afine Investments' 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 Afine Investments upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 26.88 | |||
| Value At Risk | (3.30) |
Afine Investments Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Afine Investments' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Afine Investments' standard deviation. In reality, there are many statistical measures that can use Afine Investments historical prices to predict the future Afine Investments' volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | 0.1535 | |||
| Treynor Ratio | 1.73 |
Afine Investments Backtested Returns
Afine Investments secures Sharpe Ratio (or Efficiency) of close to zero, which signifies that the company had a close to zero % return per unit of risk over the last 3 months. Afine Investments exposes seventeen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Afine Investments' Standard Deviation of 3.05, risk adjusted performance of (0.06), and Mean Deviation of 1.05 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.13, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Afine Investments are expected to decrease at a much lower rate. During the bear market, Afine Investments is likely to outperform the market. At this point, Afine Investments has a negative expected return of -0.0265%. Please make sure to confirm Afine Investments' variance, value at risk, day median price, as well as the relationship between the jensen alpha and kurtosis , to decide if Afine Investments performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.41 |
Modest reverse predictability
Afine Investments has modest reverse predictability. Overlapping area represents the amount of predictability between Afine Investments time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th 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 Afine Investments price movement. The serial correlation of -0.41 indicates that just about 41.0% of current Afine Investments price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.41 | |
| Spearman Rank Test | -0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 83.56 |
Afine Investments lagged returns against current returns
Autocorrelation, which is Afine Investments 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 Afine Investments' stock expected returns. We can calculate the autocorrelation of Afine Investments returns to help us make a trade decision. For example, suppose you find that Afine Investments 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 |
Afine Investments 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 Afine Investments stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Afine Investments stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Afine Investments stock over time.
Current vs Lagged Prices |
| Timeline |
Afine Investments Lagged Returns
When evaluating Afine Investments' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Afine Investments stock have on its future price. Afine Investments 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, Afine Investments autocorrelation shows the relationship between Afine Investments stock current value and its past values and can show if there is a momentum factor associated with investing in Afine Investments.
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 Afine Stock
Afine Investments financial ratios help investors to determine whether Afine 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 Afine with respect to the benefits of owning Afine Investments security.