Africa Opportunity (UK) Market Value
| AOF Fund | 0.65 0.00 0.00% |
| Symbol | Africa |
Africa Opportunity '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 Africa Opportunity's fund 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 Africa Opportunity.
| 11/21/2024 |
| 12/21/2024 |
If you would invest 0.00 in Africa Opportunity on November 21, 2024 and sell it all today you would earn a total of 0.00 from holding Africa Opportunity or generate 0.0% return on investment in Africa Opportunity over 30 days. Africa Opportunity is related to or competes with Polar Capital, Sanlam Global, and Amundi MSCI. More
Africa Opportunity 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 Africa Opportunity's fund 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 Africa Opportunity upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1791 | |||
| Maximum Drawdown | 5.26 |
Africa Opportunity Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Africa Opportunity's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Africa Opportunity's standard deviation. In reality, there are many statistical measures that can use Africa Opportunity historical prices to predict the future Africa Opportunity's volatility.| Risk Adjusted Performance | 0.1703 | |||
| Jensen Alpha | 0.1978 | |||
| Total Risk Alpha | 0.1668 | |||
| Treynor Ratio | (1.02) |
Africa Opportunity Backtested Returns
Africa Opportunity appears to be very risky, given 3 months investment horizon. Africa Opportunity secures Sharpe Ratio (or Efficiency) of 0.21, which signifies that the fund had a 0.21% return per unit of risk over the last 3 months. We have found seventeen technical indicators for Africa Opportunity, which you can use to evaluate the volatility of the entity. Please makes use of Africa Opportunity's Mean Deviation of 0.3886, standard deviation of 0.9567, and Risk Adjusted Performance of 0.1703 to double-check if our risk estimates are consistent with your expectations. The fund shows a Beta (market volatility) of -0.19, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Africa Opportunity are expected to decrease at a much lower rate. During the bear market, Africa Opportunity is likely to outperform the market.
Auto-correlation | 0.00 |
No correlation between past and present
Africa Opportunity has no correlation between past and present. Overlapping area represents the amount of predictability between Africa Opportunity time series from 21st of November 2024 to 6th of December 2024 and 6th of December 2024 to 21st 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 Africa Opportunity price movement. The serial correlation of 0.0 indicates that just 0.0% of current Africa Opportunity 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 |
Africa Opportunity lagged returns against current returns
Autocorrelation, which is Africa Opportunity fund'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 Africa Opportunity's fund expected returns. We can calculate the autocorrelation of Africa Opportunity returns to help us make a trade decision. For example, suppose you find that Africa Opportunity has exhibited high autocorrelation historically, and you observe that the fund 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 |
Africa Opportunity 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 Africa Opportunity fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Africa Opportunity fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Africa Opportunity fund over time.
Current vs Lagged Prices |
| Timeline |
Africa Opportunity Lagged Returns
When evaluating Africa Opportunity's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Africa Opportunity fund have on its future price. Africa Opportunity 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, Africa Opportunity autocorrelation shows the relationship between Africa Opportunity fund current value and its past values and can show if there is a momentum factor associated with investing in Africa Opportunity.
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 Africa Fund
Africa Opportunity financial ratios help investors to determine whether Africa Fund 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 Africa with respect to the benefits of owning Africa Opportunity security.
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