Sab Zenzele (South Africa) Market Value
| SZK Stock | 3,600 1.00 0.03% |
| Symbol | Sab |
Sab Zenzele '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 Sab Zenzele'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 Sab Zenzele.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Sab Zenzele on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Sab Zenzele Kabili or generate 0.0% return on investment in Sab Zenzele over 180 days. Sab Zenzele is related to or competes with ABSA Bank, Bytes Technology, Zeder Investments, Astoria Investments, Lesaka Technologies, and Brimstone Investment. More
Sab Zenzele 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 Sab Zenzele'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 Sab Zenzele Kabili upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 13.81 | |||
| Value At Risk | (5.42) | |||
| Potential Upside | 6.38 |
Sab Zenzele Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sab Zenzele's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sab Zenzele's standard deviation. In reality, there are many statistical measures that can use Sab Zenzele historical prices to predict the future Sab Zenzele's volatility.| Risk Adjusted Performance | 0.0018 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.52) | |||
| Treynor Ratio | 0.1703 |
Sab Zenzele Kabili Backtested Returns
Sab Zenzele Kabili owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0495, which indicates the firm had a -0.0495% return per unit of risk over the last 3 months. Sab Zenzele Kabili exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sab Zenzele's Variance of 8.63, coefficient of variation of (13,638), and Risk Adjusted Performance of 0.0018 to confirm the risk estimate we provide. The entity has a beta of -0.19, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Sab Zenzele are expected to decrease at a much lower rate. During the bear market, Sab Zenzele is likely to outperform the market. At this point, Sab Zenzele Kabili has a negative expected return of -0.13%. Please make sure to validate Sab Zenzele's standard deviation, maximum drawdown, kurtosis, as well as the relationship between the total risk alpha and potential upside , to decide if Sab Zenzele Kabili performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.21 |
Weak reverse predictability
Sab Zenzele Kabili has weak reverse predictability. Overlapping area represents the amount of predictability between Sab Zenzele time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd 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 Sab Zenzele Kabili price movement. The serial correlation of -0.21 indicates that over 21.0% of current Sab Zenzele price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.21 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 20.5 K |
Sab Zenzele Kabili lagged returns against current returns
Autocorrelation, which is Sab Zenzele 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 Sab Zenzele's stock expected returns. We can calculate the autocorrelation of Sab Zenzele returns to help us make a trade decision. For example, suppose you find that Sab Zenzele 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 |
Sab Zenzele 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 Sab Zenzele stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sab Zenzele stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sab Zenzele stock over time.
Current vs Lagged Prices |
| Timeline |
Sab Zenzele Lagged Returns
When evaluating Sab Zenzele's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sab Zenzele stock have on its future price. Sab Zenzele 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, Sab Zenzele autocorrelation shows the relationship between Sab Zenzele stock current value and its past values and can show if there is a momentum factor associated with investing in Sab Zenzele Kabili.
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.Other Information on Investing in Sab Stock
Sab Zenzele financial ratios help investors to determine whether Sab Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Sab with respect to the benefits of owning Sab Zenzele security.