Aarti Drugs (India) Market Value
| AARTIDRUGS | 455.45 1.35 0.30% |
| Symbol | Aarti |
Aarti 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 Aarti 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 Aarti Drugs.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in Aarti Drugs on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding Aarti Drugs Limited or generate 0.0% return on investment in Aarti Drugs over 720 days. Aarti Drugs is related to or competes with India Glycols, Indo Borax, Kingfa Science, Alkali Metals, Mahindra Logistics, KNR Constructions, and Mangalore Chemicals. Aarti Drugs is entity of India. It is traded as Stock on NSE exchange. More
Aarti 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 Aarti 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 Aarti Drugs Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.33) | |||
| Maximum Drawdown | 9.62 | |||
| Value At Risk | (1.97) | |||
| Potential Upside | 1.44 |
Aarti Drugs Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aarti Drugs' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aarti Drugs' standard deviation. In reality, there are many statistical measures that can use Aarti Drugs historical prices to predict the future Aarti Drugs' volatility.| Risk Adjusted Performance | (0.17) | |||
| Total Risk Alpha | (0.54) |
Aarti Drugs Limited Backtested Returns
Aarti Drugs Limited secures Sharpe Ratio (or Efficiency) of -0.4, which signifies that the company had a -0.4% return per unit of risk over the last 3 months. Aarti Drugs Limited exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Aarti Drugs' Variance of 1.85, risk adjusted performance of (0.17), and Coefficient Of Variation of (427.46) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0, which signifies not very significant fluctuations relative to the market. the returns on MARKET and Aarti Drugs are completely uncorrelated. At this point, Aarti Drugs Limited has a negative expected return of -0.39%. Please make sure to confirm Aarti Drugs' total risk alpha, daily balance of power, as well as the relationship between the Daily Balance Of Power and price action indicator , to decide if Aarti Drugs Limited performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.41 |
Average predictability
Aarti Drugs Limited has average predictability. Overlapping area represents the amount of predictability between Aarti Drugs time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 to 27th 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 Aarti Drugs Limited price movement. The serial correlation of 0.41 indicates that just about 41.0% of current Aarti Drugs price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 885.16 |
Aarti Drugs Limited lagged returns against current returns
Autocorrelation, which is Aarti 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 Aarti Drugs' stock expected returns. We can calculate the autocorrelation of Aarti Drugs returns to help us make a trade decision. For example, suppose you find that Aarti 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 |
| Timeline |
Aarti 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 Aarti Drugs stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aarti Drugs stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aarti Drugs stock over time.
Current vs Lagged Prices |
| Timeline |
Aarti Drugs Lagged Returns
When evaluating Aarti Drugs' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aarti Drugs stock have on its future price. Aarti 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, Aarti Drugs autocorrelation shows the relationship between Aarti Drugs stock current value and its past values and can show if there is a momentum factor associated with investing in Aarti Drugs Limited.
Regressed Prices |
| Timeline |
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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 Aarti Stock Analysis
When running Aarti Drugs' price analysis, check to measure Aarti 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 Aarti Drugs is operating at the current time. Most of Aarti Drugs' value examination focuses on studying past and present price action to predict the probability of Aarti Drugs' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aarti Drugs' price. Additionally, you may evaluate how the addition of Aarti Drugs to your portfolios can decrease your overall portfolio volatility.