Capitec Bank (South Africa) Market Value
| CPIP Stock | 10,230 0.00 0.00% |
| Symbol | Capitec |
Capitec Bank '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 Capitec Bank'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 Capitec Bank.
| 01/05/2023 |
| 12/25/2024 |
If you would invest 0.00 in Capitec Bank on January 5, 2023 and sell it all today you would earn a total of 0.00 from holding Capitec Bank Holdings or generate 0.0% return on investment in Capitec Bank over 720 days. Capitec Bank is related to or competes with ABSA Bank, Capitec Bank, Standard Bank, Absa, Nedbank, and Investec. More
Capitec Bank 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 Capitec Bank'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 Capitec Bank Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 6.86 | |||
| Potential Upside | 0.2941 |
Capitec Bank Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Capitec Bank's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Capitec Bank's standard deviation. In reality, there are many statistical measures that can use Capitec Bank historical prices to predict the future Capitec Bank's volatility.| Risk Adjusted Performance | 0.0378 | |||
| Jensen Alpha | 0.0321 | |||
| Total Risk Alpha | (0.01) | |||
| Treynor Ratio | (0.21) |
Capitec Bank Holdings Backtested Returns
Capitec Bank Holdings secures Sharpe Ratio (or Efficiency) of -0.0383, which signifies that the company had a -0.0383% return per unit of risk over the last 3 months. Capitec Bank Holdings exposes seventeen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Capitec Bank's Mean Deviation of 0.259, risk adjusted performance of 0.0378, and Standard Deviation of 0.7916 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 Capitec Bank are expected to decrease at a much lower rate. During the bear market, Capitec Bank is likely to outperform the market. At this point, Capitec Bank Holdings has a negative expected return of -0.0242%. Please make sure to confirm Capitec Bank's information ratio, maximum drawdown, skewness, as well as the relationship between the jensen alpha and potential upside , to decide if Capitec Bank Holdings performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.03 |
Virtually no predictability
Capitec Bank Holdings has virtually no predictability. Overlapping area represents the amount of predictability between Capitec Bank time series from 5th of January 2023 to 31st of December 2023 and 31st of December 2023 to 25th 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 Capitec Bank Holdings price movement. The serial correlation of 0.03 indicates that only 3.0% of current Capitec Bank price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.03 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 59.5 K |
Capitec Bank Holdings lagged returns against current returns
Autocorrelation, which is Capitec Bank 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 Capitec Bank's stock expected returns. We can calculate the autocorrelation of Capitec Bank returns to help us make a trade decision. For example, suppose you find that Capitec Bank 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 |
Capitec Bank 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 Capitec Bank stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Capitec Bank stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Capitec Bank stock over time.
Current vs Lagged Prices |
| Timeline |
Capitec Bank Lagged Returns
When evaluating Capitec Bank's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Capitec Bank stock have on its future price. Capitec Bank 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, Capitec Bank autocorrelation shows the relationship between Capitec Bank stock current value and its past values and can show if there is a momentum factor associated with investing in Capitec Bank Holdings.
Regressed Prices |
| Timeline |
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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.Additional Tools for Capitec Stock Analysis
When running Capitec Bank's price analysis, check to measure Capitec Bank's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Capitec Bank is operating at the current time. Most of Capitec Bank's value examination focuses on studying past and present price action to predict the probability of Capitec Bank's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Capitec Bank's price. Additionally, you may evaluate how the addition of Capitec Bank to your portfolios can decrease your overall portfolio volatility.