Padini Holdings' market value is the price at which a share of Padini Holdings trades on a public exchange. It measures the collective expectations of Padini Holdings Bhd investors about its performance. Padini Holdings is selling for 3.28 as of the 15th of December 2024. This is a 2.18 percent increase since the beginning of the trading day. The stock's lowest day price was 3.23. With this module, you can estimate the performance of a buy and hold strategy of Padini Holdings Bhd and determine expected loss or profit from investing in Padini Holdings over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
Padini
Padini Holdings '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 Padini Holdings' 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 Padini Holdings.
0.00
11/15/2024
No Change 0.00
0.0
In 30 days
12/15/2024
0.00
If you would invest 0.00 in Padini Holdings on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding Padini Holdings Bhd or generate 0.0% return on investment in Padini Holdings over 30 days.
Padini Holdings 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 Padini Holdings' 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 Padini Holdings Bhd upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Padini Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Padini Holdings' standard deviation. In reality, there are many statistical measures that can use Padini Holdings historical prices to predict the future Padini Holdings' volatility.
As of now, Padini Stock is somewhat reliable. Padini Holdings Bhd maintains Sharpe Ratio (i.e., Efficiency) of 0.0058, which implies the firm had a 0.0058% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Padini Holdings Bhd, which you can use to evaluate the volatility of the company. Please check Padini Holdings' Risk Adjusted Performance of 0.0137, coefficient of variation of 7287.2, and Semi Deviation of 1.05 to confirm if the risk estimate we provide is consistent with the expected return of 0.0067%. The company holds a Beta of 0.12, which implies not very significant fluctuations relative to the market. As returns on the market increase, Padini Holdings' returns are expected to increase less than the market. However, during the bear market, the loss of holding Padini Holdings is expected to be smaller as well. Padini Holdings Bhd right now holds a risk of 1.17%. Please check Padini Holdings Bhd semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to decide if Padini Holdings Bhd will be following its historical price patterns.
Auto-correlation
0.31
Below average predictability
Padini Holdings Bhd has below average predictability. Overlapping area represents the amount of predictability between Padini Holdings time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th 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 Padini Holdings Bhd price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current Padini Holdings price fluctuation can be explain by its past prices.
Correlation Coefficient
0.31
Spearman Rank Test
-0.51
Residual Average
0.0
Price Variance
0.0
Padini Holdings Bhd lagged returns against current returns
Autocorrelation, which is Padini Holdings 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 Padini Holdings' stock expected returns. We can calculate the autocorrelation of Padini Holdings returns to help us make a trade decision. For example, suppose you find that Padini Holdings 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
Padini Holdings 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 Padini Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Padini Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Padini Holdings stock over time.
Current vs Lagged Prices
Timeline
Padini Holdings Lagged Returns
When evaluating Padini Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Padini Holdings stock have on its future price. Padini Holdings 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, Padini Holdings autocorrelation shows the relationship between Padini Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in Padini Holdings Bhd.
Regressed Prices
Timeline
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