Aarey Drugs (India) Market Value
| AAREYDRUGS | 56.29 1.60 2.93% |
| Symbol | Aarey |
Aarey Drugs '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 Aarey Drugs' 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 Aarey Drugs.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Aarey Drugs on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Aarey Drugs Pharmaceuticals or generate 0.0% return on investment in Aarey Drugs over 720 days. Aarey Drugs is related to or competes with State Bank, Life Insurance, HDFC Bank, ICICI Bank, and Reliance Industries. Aarey Drugs is entity of India. It is traded as Stock on NSE exchange. More
Aarey Drugs 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 Aarey Drugs' 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 Aarey Drugs Pharmaceuticals upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 14.85 | |||
| Value At Risk | (3.85) | |||
| Potential Upside | 4.99 |
Aarey Drugs Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aarey Drugs' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aarey Drugs' standard deviation. In reality, there are many statistical measures that can use Aarey Drugs historical prices to predict the future Aarey Drugs' volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.51) | |||
| Treynor Ratio | (0.32) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Aarey Drugs' 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.
Aarey Drugs Pharmace Backtested Returns
Aarey Drugs Pharmace secures Sharpe Ratio (or Efficiency) of -0.0525, which signifies that the company had a -0.0525% return per unit of risk over the last 3 months. Aarey Drugs Pharmaceuticals exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Aarey Drugs' Standard Deviation of 2.86, mean deviation of 2.07, and Risk Adjusted Performance of (0.03) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.41, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Aarey Drugs' returns are expected to increase less than the market. However, during the bear market, the loss of holding Aarey Drugs is expected to be smaller as well. At this point, Aarey Drugs Pharmace has a negative expected return of -0.15%. Please make sure to confirm Aarey Drugs' total risk alpha, kurtosis, as well as the relationship between the Kurtosis and market facilitation index , to decide if Aarey Drugs Pharmace performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.79 |
Good predictability
Aarey Drugs Pharmaceuticals has good predictability. Overlapping area represents the amount of predictability between Aarey Drugs time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd of November 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 Aarey Drugs Pharmace price movement. The serial correlation of 0.79 indicates that around 79.0% of current Aarey Drugs price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.79 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 68.8 |
Aarey Drugs Pharmace lagged returns against current returns
Autocorrelation, which is Aarey Drugs 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 Aarey Drugs' stock expected returns. We can calculate the autocorrelation of Aarey Drugs returns to help us make a trade decision. For example, suppose you find that Aarey Drugs 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 |
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Aarey Drugs 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 Aarey Drugs stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aarey Drugs stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aarey Drugs stock over time.
Current vs Lagged Prices |
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Aarey Drugs Lagged Returns
When evaluating Aarey Drugs' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aarey Drugs stock have on its future price. Aarey Drugs 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, Aarey Drugs autocorrelation shows the relationship between Aarey Drugs stock current value and its past values and can show if there is a momentum factor associated with investing in Aarey Drugs Pharmaceuticals.
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 Aarey Stock Analysis
When running Aarey Drugs' price analysis, check to measure Aarey Drugs' 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 Aarey Drugs is operating at the current time. Most of Aarey Drugs' value examination focuses on studying past and present price action to predict the probability of Aarey Drugs' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aarey Drugs' price. Additionally, you may evaluate how the addition of Aarey Drugs to your portfolios can decrease your overall portfolio volatility.