FIDELITY BANK (Nigeria) Market Value
| FIDELITYBK | 17.15 0.05 0.29% |
| Symbol | FIDELITY |
FIDELITY 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 FIDELITY 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 FIDELITY BANK.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in FIDELITY BANK on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding FIDELITY BANK PLC or generate 0.0% return on investment in FIDELITY BANK over 90 days.
FIDELITY 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 FIDELITY 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 FIDELITY BANK PLC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.08 | |||
| Information Ratio | 0.1181 | |||
| Maximum Drawdown | 15.16 | |||
| Value At Risk | (2.90) | |||
| Potential Upside | 4.95 |
FIDELITY BANK Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for FIDELITY BANK's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FIDELITY BANK's standard deviation. In reality, there are many statistical measures that can use FIDELITY BANK historical prices to predict the future FIDELITY BANK's volatility.| Risk Adjusted Performance | 0.0727 | |||
| Jensen Alpha | 0.184 | |||
| Total Risk Alpha | 0.4671 | |||
| Sortino Ratio | 0.1343 | |||
| Treynor Ratio | 1.39 |
FIDELITY BANK PLC Backtested Returns
Currently, FIDELITY BANK PLC is not too volatile. FIDELITY BANK PLC secures Sharpe Ratio (or Efficiency) of 0.0787, which denotes the company had a 0.0787 % return per unit of return volatility over the last 3 months. We have found thirty technical indicators for FIDELITY BANK PLC, which you can use to evaluate the volatility of the firm. Please confirm FIDELITY BANK's downside deviation of 2.08, and Mean Deviation of 1.56 to check if the risk estimate we provide is consistent with the expected return of 0.19%. FIDELITY BANK has a performance score of 6 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.12, which means not very significant fluctuations relative to the market. As returns on the market increase, FIDELITY BANK's returns are expected to increase less than the market. However, during the bear market, the loss of holding FIDELITY BANK is expected to be smaller as well. FIDELITY BANK PLC at this time shows a risk of 2.44%. Please confirm FIDELITY BANK PLC potential upside, rate of daily change, and the relationship between the sortino ratio and skewness , to decide if FIDELITY BANK PLC will be following its price patterns.
Auto-correlation | -0.72 |
Almost perfect reverse predictability
FIDELITY BANK PLC has almost perfect reverse predictability. Overlapping area represents the amount of predictability between FIDELITY BANK time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 FIDELITY BANK PLC price movement. The serial correlation of -0.72 indicates that around 72.0% of current FIDELITY BANK price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.72 | |
| Spearman Rank Test | -0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 1.19 |
FIDELITY BANK PLC lagged returns against current returns
Autocorrelation, which is FIDELITY 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 FIDELITY BANK's stock expected returns. We can calculate the autocorrelation of FIDELITY BANK returns to help us make a trade decision. For example, suppose you find that FIDELITY 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 |
FIDELITY 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 FIDELITY BANK stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FIDELITY BANK stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in FIDELITY BANK stock over time.
Current vs Lagged Prices |
| Timeline |
FIDELITY BANK Lagged Returns
When evaluating FIDELITY BANK's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FIDELITY BANK stock have on its future price. FIDELITY 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, FIDELITY BANK autocorrelation shows the relationship between FIDELITY BANK stock current value and its past values and can show if there is a momentum factor associated with investing in FIDELITY BANK PLC.
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.Additional Tools for FIDELITY Stock Analysis
When running FIDELITY BANK's price analysis, check to measure FIDELITY 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 FIDELITY BANK is operating at the current time. Most of FIDELITY BANK's value examination focuses on studying past and present price action to predict the probability of FIDELITY 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 FIDELITY BANK's price. Additionally, you may evaluate how the addition of FIDELITY BANK to your portfolios can decrease your overall portfolio volatility.