BANK OF AFRICA's market value is the price at which a share of BANK OF AFRICA trades on a public exchange. It measures the collective expectations of BANK OF AFRICA investors about its performance. BANK OF AFRICA is trading at 196.90 as of the 19th of March 2025. This is a 0.97% up since the beginning of the trading day. The stock's lowest day price was 192.0. With this module, you can estimate the performance of a buy and hold strategy of BANK OF AFRICA and determine expected loss or profit from investing in BANK OF AFRICA over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
BANK
BANK OF AFRICA '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 BANK OF AFRICA'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 BANK OF AFRICA.
0.00
12/19/2024
No Change 0.00
0.0
In 3 months and 1 day
03/19/2025
0.00
If you would invest 0.00 in BANK OF AFRICA on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding BANK OF AFRICA or generate 0.0% return on investment in BANK OF AFRICA over 90 days.
BANK OF AFRICA 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 BANK OF AFRICA'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 BANK OF AFRICA upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for BANK OF AFRICA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BANK OF AFRICA's standard deviation. In reality, there are many statistical measures that can use BANK OF AFRICA historical prices to predict the future BANK OF AFRICA's volatility.
BANK OF AFRICA 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. BANK OF AFRICA exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm BANK OF AFRICA's Coefficient Of Variation of (96,891), variance of 2.96, and Mean Deviation of 1.17 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.25, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning BANK OF AFRICA are expected to decrease at a much lower rate. During the bear market, BANK OF AFRICA is likely to outperform the market. At this point, BANK OF AFRICA has a negative expected return of -0.0017%. Please make sure to confirm BANK OF AFRICA's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if BANK OF AFRICA performance from the past will be repeated in the future.
Auto-correlation
-0.43
Modest reverse predictability
BANK OF AFRICA has modest reverse predictability. Overlapping area represents the amount of predictability between BANK OF AFRICA 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 BANK OF AFRICA price movement. The serial correlation of -0.43 indicates that just about 43.0% of current BANK OF AFRICA price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.43
Spearman Rank Test
-0.46
Residual Average
0.0
Price Variance
46.66
BANK OF AFRICA lagged returns against current returns
Autocorrelation, which is BANK OF AFRICA 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 BANK OF AFRICA's stock expected returns. We can calculate the autocorrelation of BANK OF AFRICA returns to help us make a trade decision. For example, suppose you find that BANK OF AFRICA 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
BANK OF AFRICA 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 BANK OF AFRICA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BANK OF AFRICA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BANK OF AFRICA stock over time.
Current vs Lagged Prices
Timeline
BANK OF AFRICA Lagged Returns
When evaluating BANK OF AFRICA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BANK OF AFRICA stock have on its future price. BANK OF AFRICA 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, BANK OF AFRICA autocorrelation shows the relationship between BANK OF AFRICA stock current value and its past values and can show if there is a momentum factor associated with investing in BANK OF AFRICA.
Regressed Prices
Timeline
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