INTERNATIONAL BREWERIES (Nigeria) Market Value
| INTBREW Stock | 4.03 0.02 0.50% |
| Symbol | INTERNATIONAL |
INTERNATIONAL BREWERIES '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 INTERNATIONAL BREWERIES'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 INTERNATIONAL BREWERIES.
| 12/18/2023 |
| 12/12/2024 |
If you would invest 0.00 in INTERNATIONAL BREWERIES on December 18, 2023 and sell it all today you would earn a total of 0.00 from holding INTERNATIONAL BREWERIES PLC or generate 0.0% return on investment in INTERNATIONAL BREWERIES over 360 days.
INTERNATIONAL BREWERIES 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 INTERNATIONAL BREWERIES'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 INTERNATIONAL BREWERIES PLC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 19.05 | |||
| Value At Risk | (5.58) | |||
| Potential Upside | 2.5 |
INTERNATIONAL BREWERIES Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for INTERNATIONAL BREWERIES's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as INTERNATIONAL BREWERIES's standard deviation. In reality, there are many statistical measures that can use INTERNATIONAL BREWERIES historical prices to predict the future INTERNATIONAL BREWERIES's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (0.61) | |||
| Treynor Ratio | (0.52) |
INTERNATIONAL BREWERIES Backtested Returns
INTERNATIONAL BREWERIES holds Efficiency (Sharpe) Ratio of -0.0843, which attests that the entity had a -0.0843% return per unit of volatility over the last 3 months. INTERNATIONAL BREWERIES exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out INTERNATIONAL BREWERIES's risk adjusted performance of (0.05), and Market Risk Adjusted Performance of (0.51) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.41, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, INTERNATIONAL BREWERIES's returns are expected to increase less than the market. However, during the bear market, the loss of holding INTERNATIONAL BREWERIES is expected to be smaller as well. At this point, INTERNATIONAL BREWERIES has a negative expected return of -0.21%. Please make sure to check out INTERNATIONAL BREWERIES's treynor ratio, daily balance of power, as well as the relationship between the Daily Balance Of Power and period momentum indicator , to decide if INTERNATIONAL BREWERIES performance from the past will be repeated at future time.
Auto-correlation | -0.3 |
Weak reverse predictability
INTERNATIONAL BREWERIES PLC has weak reverse predictability. Overlapping area represents the amount of predictability between INTERNATIONAL BREWERIES time series from 18th of December 2023 to 15th of June 2024 and 15th of June 2024 to 12th 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 INTERNATIONAL BREWERIES price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current INTERNATIONAL BREWERIES price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.3 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
INTERNATIONAL BREWERIES lagged returns against current returns
Autocorrelation, which is INTERNATIONAL BREWERIES 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 INTERNATIONAL BREWERIES's stock expected returns. We can calculate the autocorrelation of INTERNATIONAL BREWERIES returns to help us make a trade decision. For example, suppose you find that INTERNATIONAL BREWERIES 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 |
INTERNATIONAL BREWERIES 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 INTERNATIONAL BREWERIES stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if INTERNATIONAL BREWERIES stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in INTERNATIONAL BREWERIES stock over time.
Current vs Lagged Prices |
| Timeline |
INTERNATIONAL BREWERIES Lagged Returns
When evaluating INTERNATIONAL BREWERIES's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of INTERNATIONAL BREWERIES stock have on its future price. INTERNATIONAL BREWERIES 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, INTERNATIONAL BREWERIES autocorrelation shows the relationship between INTERNATIONAL BREWERIES stock current value and its past values and can show if there is a momentum factor associated with investing in INTERNATIONAL BREWERIES PLC.
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 INTERNATIONAL Stock Analysis
When running INTERNATIONAL BREWERIES's price analysis, check to measure INTERNATIONAL BREWERIES'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 INTERNATIONAL BREWERIES is operating at the current time. Most of INTERNATIONAL BREWERIES's value examination focuses on studying past and present price action to predict the probability of INTERNATIONAL BREWERIES's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move INTERNATIONAL BREWERIES's price. Additionally, you may evaluate how the addition of INTERNATIONAL BREWERIES to your portfolios can decrease your overall portfolio volatility.