Vodacom (South Africa) Market Value
| VOD Stock | 10,664 38.00 0.36% |
| Symbol | Vodacom |
Vodacom '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'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 Vodacom.
| 11/19/2023 |
| 12/13/2024 |
If you would invest 0.00 in Vodacom on November 19, 2023 and sell it all today you would earn a total of 0.00 from holding Vodacom Group or generate 0.0% return on investment in Vodacom over 390 days. Vodacom is related to or competes with MTN, Blue Label, Huge, and Telemasters Holdings. More
Vodacom 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'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 Vodacom Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 5.91 | |||
| Value At Risk | (2.15) | |||
| Potential Upside | 2.19 |
Vodacom Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vodacom's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vodacom's standard deviation. In reality, there are many statistical measures that can use Vodacom historical prices to predict the future Vodacom's volatility.| Risk Adjusted Performance | 0.0024 | |||
| Jensen Alpha | 0.017 | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | 0.0475 |
Vodacom Group Backtested Returns
Vodacom Group owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0046, which indicates the firm had a -0.0046% return per unit of risk over the last 3 months. Vodacom Group exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Vodacom's Variance of 2.0, risk adjusted performance of 0.0024, and Coefficient Of Variation of (28,969) to confirm the risk estimate we provide. The entity has a beta of -0.31, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Vodacom are expected to decrease at a much lower rate. During the bear market, Vodacom is likely to outperform the market. At this point, Vodacom Group has a negative expected return of -0.0066%. Please make sure to validate Vodacom's value at risk, accumulation distribution, and the relationship between the treynor ratio and skewness , to decide if Vodacom Group performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.7 |
Very good reverse predictability
Vodacom Group has very good reverse predictability. Overlapping area represents the amount of predictability between Vodacom time series from 19th of November 2023 to 1st of June 2024 and 1st of June 2024 to 13th 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 -0.7 indicates that around 70.0% of current Vodacom price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.7 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 474.5 K |
Vodacom Group lagged returns against current returns
Autocorrelation, which is Vodacom 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 Vodacom's stock expected returns. We can calculate the autocorrelation of Vodacom returns to help us make a trade decision. For example, suppose you find that Vodacom 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 |
Vodacom 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 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vodacom stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vodacom stock over time.
Current vs Lagged Prices |
| Timeline |
Vodacom Lagged Returns
When evaluating Vodacom's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vodacom stock have on its future price. Vodacom 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 autocorrelation shows the relationship between Vodacom stock current value and its past values and can show if there is a momentum factor associated with investing in Vodacom Group.
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 Vodacom Stock
Vodacom financial ratios help investors to determine whether Vodacom 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 Vodacom with respect to the benefits of owning Vodacom security.