GUINEA INSURANCE (Nigeria) Market Value
| GUINEAINS | 0.50 0.03 5.66% |
| Symbol | GUINEA |
GUINEA INSURANCE '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 GUINEA INSURANCE'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 GUINEA INSURANCE.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in GUINEA INSURANCE on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding GUINEA INSURANCE PLC or generate 0.0% return on investment in GUINEA INSURANCE over 30 days.
GUINEA INSURANCE 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 GUINEA INSURANCE'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 GUINEA INSURANCE PLC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.03 | |||
| Information Ratio | 0.0307 | |||
| Maximum Drawdown | 19.09 | |||
| Value At Risk | (6.25) | |||
| Potential Upside | 8.7 |
GUINEA INSURANCE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GUINEA INSURANCE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GUINEA INSURANCE's standard deviation. In reality, there are many statistical measures that can use GUINEA INSURANCE historical prices to predict the future GUINEA INSURANCE's volatility.| Risk Adjusted Performance | 0.0519 | |||
| Jensen Alpha | 0.3417 | |||
| Total Risk Alpha | (0.46) | |||
| Sortino Ratio | 0.0294 | |||
| Treynor Ratio | (0.39) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of GUINEA INSURANCE's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
GUINEA INSURANCE PLC Backtested Returns
GUINEA INSURANCE is out of control at the moment. GUINEA INSURANCE PLC holds Efficiency (Sharpe) Ratio of 0.0228, which attests that the entity had a 0.0228% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for GUINEA INSURANCE PLC, which you can use to evaluate the volatility of the firm. Please check out GUINEA INSURANCE's Semi Deviation of 3.94, risk adjusted performance of 0.0519, and Market Risk Adjusted Performance of (0.38) to validate if the risk estimate we provide is consistent with the expected return of 0.11%. GUINEA INSURANCE has a performance score of 1 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.68, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning GUINEA INSURANCE are expected to decrease at a much lower rate. During the bear market, GUINEA INSURANCE is likely to outperform the market. GUINEA INSURANCE PLC currently retains a risk of 4.65%. Please check out GUINEA INSURANCE jensen alpha, semi variance, day typical price, as well as the relationship between the maximum drawdown and accumulation distribution , to decide if GUINEA INSURANCE will be following its current trending patterns.
Auto-correlation | -0.58 |
Good reverse predictability
GUINEA INSURANCE PLC has good reverse predictability. Overlapping area represents the amount of predictability between GUINEA INSURANCE time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th of November 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 GUINEA INSURANCE PLC price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current GUINEA INSURANCE price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.58 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
GUINEA INSURANCE PLC lagged returns against current returns
Autocorrelation, which is GUINEA INSURANCE 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 GUINEA INSURANCE's stock expected returns. We can calculate the autocorrelation of GUINEA INSURANCE returns to help us make a trade decision. For example, suppose you find that GUINEA INSURANCE 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 |
GUINEA INSURANCE 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 GUINEA INSURANCE stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GUINEA INSURANCE stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GUINEA INSURANCE stock over time.
Current vs Lagged Prices |
| Timeline |
GUINEA INSURANCE Lagged Returns
When evaluating GUINEA INSURANCE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GUINEA INSURANCE stock have on its future price. GUINEA INSURANCE 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, GUINEA INSURANCE autocorrelation shows the relationship between GUINEA INSURANCE stock current value and its past values and can show if there is a momentum factor associated with investing in GUINEA INSURANCE PLC.
Regressed Prices |
| Timeline |