IKEJA HOTELS's market value is the price at which a share of IKEJA HOTELS trades on a public exchange. It measures the collective expectations of IKEJA HOTELS PLC investors about its performance. IKEJA HOTELS is selling at 7.45 as of the 28th of November 2024; that is 6.87 percent decrease since the beginning of the trading day. The stock's open price was 8.0. With this module, you can estimate the performance of a buy and hold strategy of IKEJA HOTELS PLC and determine expected loss or profit from investing in IKEJA HOTELS over a given investment horizon. Check out Risk vs Return Analysis 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 nation.
Symbol
IKEJA
IKEJA HOTELS '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 IKEJA HOTELS'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 IKEJA HOTELS.
0.00
10/29/2024
No Change 0.00
0.0
In 31 days
11/28/2024
0.00
If you would invest 0.00 in IKEJA HOTELS on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding IKEJA HOTELS PLC or generate 0.0% return on investment in IKEJA HOTELS over 30 days.
IKEJA HOTELS 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 IKEJA HOTELS'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 IKEJA HOTELS PLC 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 IKEJA HOTELS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IKEJA HOTELS's standard deviation. In reality, there are many statistical measures that can use IKEJA HOTELS historical prices to predict the future IKEJA HOTELS's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as IKEJA HOTELS. Your research has to be compared to or analyzed against IKEJA HOTELS's peers to derive any actionable benefits. When done correctly, IKEJA HOTELS's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in IKEJA HOTELS PLC.
IKEJA HOTELS PLC Backtested Returns
As of now, IKEJA Stock is somewhat reliable. IKEJA HOTELS PLC holds Efficiency (Sharpe) Ratio of 0.0127, which attests that the entity had a 0.0127% return per unit of return volatility over the last 3 months. We have found twenty-two technical indicators for IKEJA HOTELS PLC, which you can use to evaluate the volatility of the firm. Please check out IKEJA HOTELS's Coefficient Of Variation of 1764.69, market risk adjusted performance of 3.98, and Risk Adjusted Performance of 0.0502 to validate if the risk estimate we provide is consistent with the expected return of 0.0332%. IKEJA HOTELS has a performance score of 1 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.0317, which attests to not very significant fluctuations relative to the market. As returns on the market increase, IKEJA HOTELS's returns are expected to increase less than the market. However, during the bear market, the loss of holding IKEJA HOTELS is expected to be smaller as well. IKEJA HOTELS PLC now retains a risk of 2.61%. Please check out IKEJA HOTELS treynor ratio, kurtosis, and the relationship between the jensen alpha and potential upside , to decide if IKEJA HOTELS will be following its current trending patterns.
Auto-correlation
-0.18
Insignificant reverse predictability
IKEJA HOTELS PLC has insignificant reverse predictability. Overlapping area represents the amount of predictability between IKEJA HOTELS time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 IKEJA HOTELS PLC price movement. The serial correlation of -0.18 indicates that over 18.0% of current IKEJA HOTELS price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.18
Spearman Rank Test
-0.31
Residual Average
0.0
Price Variance
0.07
IKEJA HOTELS PLC lagged returns against current returns
Autocorrelation, which is IKEJA HOTELS 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 IKEJA HOTELS's stock expected returns. We can calculate the autocorrelation of IKEJA HOTELS returns to help us make a trade decision. For example, suppose you find that IKEJA HOTELS 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
IKEJA HOTELS 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 IKEJA HOTELS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IKEJA HOTELS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IKEJA HOTELS stock over time.
Current vs Lagged Prices
Timeline
IKEJA HOTELS Lagged Returns
When evaluating IKEJA HOTELS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IKEJA HOTELS stock have on its future price. IKEJA HOTELS 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, IKEJA HOTELS autocorrelation shows the relationship between IKEJA HOTELS stock current value and its past values and can show if there is a momentum factor associated with investing in IKEJA HOTELS 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.