CORONATION INSURANCE (Nigeria) Market Value
| WAPIC Stock | 1.03 0.01 0.98% |
| Symbol | CORONATION |
CORONATION INSURANCE '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 CORONATION INSURANCE'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 CORONATION INSURANCE.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in CORONATION INSURANCE on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding CORONATION INSURANCE PLC or generate 0.0% return on investment in CORONATION INSURANCE over 360 days.
CORONATION INSURANCE 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 CORONATION INSURANCE'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 CORONATION INSURANCE PLC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.56 | |||
| Information Ratio | 0.0803 | |||
| Maximum Drawdown | 19.82 | |||
| Value At Risk | (7.95) | |||
| Potential Upside | 7.32 |
CORONATION INSURANCE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CORONATION INSURANCE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CORONATION INSURANCE's standard deviation. In reality, there are many statistical measures that can use CORONATION INSURANCE historical prices to predict the future CORONATION INSURANCE's volatility.| Risk Adjusted Performance | 0.0952 | |||
| Jensen Alpha | 0.4248 | |||
| Total Risk Alpha | (0.23) | |||
| Sortino Ratio | 0.0502 | |||
| Treynor Ratio | 1.82 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of CORONATION INSURANCE'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.
CORONATION INSURANCE PLC Backtested Returns
CORONATION INSURANCE appears to be extremely dangerous, given 3 months investment horizon. CORONATION INSURANCE PLC secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the company had a 0.14% return per unit of risk over the last 3 months. By analyzing CORONATION INSURANCE's technical indicators, you can evaluate if the expected return of 0.53% is justified by implied risk. Please makes use of CORONATION INSURANCE's mean deviation of 2.78, and Risk Adjusted Performance of 0.0952 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, CORONATION INSURANCE holds a performance score of 10. The firm shows a Beta (market volatility) of 0.25, which signifies not very significant fluctuations relative to the market. As returns on the market increase, CORONATION INSURANCE's returns are expected to increase less than the market. However, during the bear market, the loss of holding CORONATION INSURANCE is expected to be smaller as well. Please check CORONATION INSURANCE's value at risk, kurtosis, market facilitation index, as well as the relationship between the semi variance and rate of daily change , to make a quick decision on whether CORONATION INSURANCE's price patterns will revert.
Auto-correlation | -0.14 |
Insignificant reverse predictability
CORONATION INSURANCE PLC has insignificant reverse predictability. Overlapping area represents the amount of predictability between CORONATION INSURANCE time series from 7th of December 2023 to 4th of June 2024 and 4th of June 2024 to 1st 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 CORONATION INSURANCE PLC price movement. The serial correlation of -0.14 indicates that less than 14.0% of current CORONATION INSURANCE price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
CORONATION INSURANCE PLC lagged returns against current returns
Autocorrelation, which is CORONATION INSURANCE 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 CORONATION INSURANCE's stock expected returns. We can calculate the autocorrelation of CORONATION INSURANCE returns to help us make a trade decision. For example, suppose you find that CORONATION INSURANCE 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 |
CORONATION INSURANCE 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 CORONATION INSURANCE stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CORONATION INSURANCE stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CORONATION INSURANCE stock over time.
Current vs Lagged Prices |
| Timeline |
CORONATION INSURANCE Lagged Returns
When evaluating CORONATION INSURANCE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CORONATION INSURANCE stock have on its future price. CORONATION INSURANCE 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, CORONATION INSURANCE autocorrelation shows the relationship between CORONATION INSURANCE stock current value and its past values and can show if there is a momentum factor associated with investing in CORONATION INSURANCE 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.Additional Tools for CORONATION Stock Analysis
When running CORONATION INSURANCE's price analysis, check to measure CORONATION INSURANCE'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 CORONATION INSURANCE is operating at the current time. Most of CORONATION INSURANCE's value examination focuses on studying past and present price action to predict the probability of CORONATION INSURANCE's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CORONATION INSURANCE's price. Additionally, you may evaluate how the addition of CORONATION INSURANCE to your portfolios can decrease your overall portfolio volatility.