Vodacom Group Ltd Stock Market Value
| VDMCY Stock | USD 5.41 0.04 0.74% |
| Symbol | Vodacom |
Vodacom Group '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 Vodacom Group's pink sheet 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 Vodacom Group.
| 10/02/2023 |
| 12/25/2024 |
If you would invest 0.00 in Vodacom Group on October 2, 2023 and sell it all today you would earn a total of 0.00 from holding Vodacom Group Ltd or generate 0.0% return on investment in Vodacom Group over 450 days. Vodacom Group is related to or competes with XL Axiata, Telenor ASA, Tele2 AB, MTN Group, KT, WideOpenWest, and Telenor ASA. Vodacom Group Limited operates as a connectivity, digital, and financial services company in South Africa and internatio... More
Vodacom Group 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 Vodacom Group's pink sheet 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 Vodacom Group Ltd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 10.1 | |||
| Value At Risk | (4.02) | |||
| Potential Upside | 2.84 |
Vodacom Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vodacom Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vodacom Group's standard deviation. In reality, there are many statistical measures that can use Vodacom Group historical prices to predict the future Vodacom Group's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | 1.44 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Vodacom Group'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.
Vodacom Group Backtested Returns
Vodacom Group owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.14, which indicates the firm had a -0.14% return per unit of risk over the last 3 months. Vodacom Group Ltd exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Vodacom Group's Risk Adjusted Performance of (0.08), coefficient of variation of (932.64), and Variance of 4.81 to confirm the risk estimate we provide. The entity has a beta of -0.17, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Vodacom Group are expected to decrease at a much lower rate. During the bear market, Vodacom Group is likely to outperform the market. At this point, Vodacom Group has a negative expected return of -0.3%. Please make sure to validate Vodacom Group's coefficient of variation, treynor ratio, as well as the relationship between the Treynor Ratio and day median price , to decide if Vodacom Group performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.26 |
Weak reverse predictability
Vodacom Group Ltd has weak reverse predictability. Overlapping area represents the amount of predictability between Vodacom Group time series from 2nd of October 2023 to 14th of May 2024 and 14th of May 2024 to 25th 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 Vodacom Group price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current Vodacom Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | -0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 0.27 |
Vodacom Group lagged returns against current returns
Autocorrelation, which is Vodacom Group pink sheet'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 Vodacom Group's pink sheet expected returns. We can calculate the autocorrelation of Vodacom Group returns to help us make a trade decision. For example, suppose you find that Vodacom Group has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Vodacom Group 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 Vodacom Group pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vodacom Group pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vodacom Group pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Vodacom Group Lagged Returns
When evaluating Vodacom Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vodacom Group pink sheet have on its future price. Vodacom Group 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, Vodacom Group autocorrelation shows the relationship between Vodacom Group pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Vodacom Group Ltd.
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 Vodacom Pink Sheet Analysis
When running Vodacom Group's price analysis, check to measure Vodacom Group'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 Vodacom Group is operating at the current time. Most of Vodacom Group's value examination focuses on studying past and present price action to predict the probability of Vodacom Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Vodacom Group's price. Additionally, you may evaluate how the addition of Vodacom Group to your portfolios can decrease your overall portfolio volatility.