HDFC Asset (India) Price on October 1, 2024
HDFCAMC Stock | 4,210 32.15 0.76% |
If you're considering investing in HDFC Stock, it is important to understand the factors that can impact its price. As of today, the current price of HDFC Asset stands at 4,210, as last reported on the 29th of November, with the highest price reaching 4,279 and the lowest price hitting 4,187 during the day. HDFC Asset Management holds Efficiency (Sharpe) Ratio of -0.0325, which attests that the entity had a -0.0325% return per unit of return volatility over the last 3 months. HDFC Asset Management exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out HDFC Asset's Coefficient Of Variation of (2,795), risk adjusted performance of (0.02), and Market Risk Adjusted Performance of (0.70) to validate the risk estimate we provide.
HDFC Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
HDFC |
Sharpe Ratio = -0.0325
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Estimated Market Risk
1.79 actual daily | 15 85% of assets are more volatile |
Expected Return
-0.06 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.03 actual daily | 0 Most of other assets perform better |
Based on monthly moving average HDFC Asset is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of HDFC Asset by adding HDFC Asset to a well-diversified portfolio.
HDFC Asset Valuation on October 1, 2024
It is possible to determine the worth of HDFC Asset on a given historical date. On October 1, 2024 HDFC was worth 4318.0 at the beginning of the trading date compared to the closed value of 4365.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of HDFC Asset stock. Still, in general, we apply an absolute valuation method to find HDFC Asset's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of HDFC Asset where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against HDFC Asset's related companies.
Open | High | Low | Close | Volume | |
4,420 | 4,420 | 4,276 | 4,299 | 398,612 | |
10/01/2024 | 4,318 | 4,391 | 4,302 | 4,365 | 335,988 |
4,292 | 4,350 | 4,201 | 4,226 | 231,122 |
Backtest HDFC Asset | | | HDFC Asset History | | | HDFC Asset Valuation | Previous | Next |
HDFC Asset Trading Date Momentum on October 1, 2024
On October 03 2024 HDFC Asset Management was traded for 4,226 at the closing time. The highest price during the trading period was 4,350 and the lowest recorded bid was listed for 4,201 . The volume for the day was 231.1 K. This history from October 3, 2024 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 3.19% . The trading delta at closing time to the current price is 1.05% . |
HDFC Asset Management Fundamentals Correlations and Trends
By evaluating HDFC Asset's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among HDFC Asset's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. HDFC financial account trend analysis is a perfect complement when working with valuation or volatility modules.About HDFC Asset Stock history
HDFC Asset investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for HDFC is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in HDFC Asset Management will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing HDFC Asset stock prices may prove useful in developing a viable investing in HDFC Asset
HDFC Asset Stock Technical Analysis
HDFC Asset technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
HDFC Asset Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
HDFC Asset Management cannot be verified against its exchange. Please verify the symbol is currently traded on National Stock Exchange of India. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
HDFC Asset November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how HDFC Asset stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading HDFC Asset shares will generate the highest return on investment. By undertsting and applying HDFC Asset stock market strength indicators, traders can identify HDFC Asset Management entry and exit signals to maximize returns
HDFC Asset Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for HDFC Asset's price direction in advance. Along with the technical and fundamental analysis of HDFC Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of HDFC to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Risk Adjusted Performance | (0.02) | |||
Jensen Alpha | (0.09) | |||
Total Risk Alpha | (0.34) | |||
Treynor Ratio | (0.71) |
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Pattern Recognition | ||
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Complementary Tools for HDFC Stock analysis
When running HDFC Asset's price analysis, check to measure HDFC Asset'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 HDFC Asset is operating at the current time. Most of HDFC Asset's value examination focuses on studying past and present price action to predict the probability of HDFC Asset's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move HDFC Asset's price. Additionally, you may evaluate how the addition of HDFC Asset to your portfolios can decrease your overall portfolio volatility.
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