Abbott India (India) Market Value
| ABBOTINDIA | 27,758 39.70 0.14% |
| Symbol | Abbott |
Abbott India '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 Abbott India'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 Abbott India.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Abbott India on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Abbott India Limited or generate 0.0% return on investment in Abbott India over 30 days. Abbott India is related to or competes with Salzer Electronics, Dev Information, Hindustan Foods, Dhampur Bio, Jubilant Foodworks, Agro Tech, and MIC Electronics. Abbott India is entity of India. It is traded as Stock on NSE exchange. More
Abbott India 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 Abbott India'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 Abbott India Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.33 | |||
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 6.34 | |||
| Value At Risk | (2.58) | |||
| Potential Upside | 2.23 |
Abbott India Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Abbott India's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Abbott India's standard deviation. In reality, there are many statistical measures that can use Abbott India historical prices to predict the future Abbott India's volatility.| Risk Adjusted Performance | 0.0059 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | (0.1) | |||
| Treynor Ratio | (0.03) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Abbott India'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.
Abbott India Limited Backtested Returns
Abbott India Limited secures Sharpe Ratio (or Efficiency) of -0.0943, which signifies that the company had a -0.0943% return per unit of standard deviation over the last 3 months. Abbott India Limited exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Abbott India's mean deviation of 0.9461, and Risk Adjusted Performance of 0.0059 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.27, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Abbott India's returns are expected to increase less than the market. However, during the bear market, the loss of holding Abbott India is expected to be smaller as well. At this point, Abbott India Limited has a negative expected return of -0.12%. Please make sure to confirm Abbott India's coefficient of variation, semi variance, price action indicator, as well as the relationship between the treynor ratio and daily balance of power , to decide if Abbott India Limited performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.73 |
Almost perfect reverse predictability
Abbott India Limited has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Abbott India time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Abbott India Limited price movement. The serial correlation of -0.73 indicates that around 73.0% of current Abbott India price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.73 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 313 K |
Abbott India Limited lagged returns against current returns
Autocorrelation, which is Abbott India 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 Abbott India's stock expected returns. We can calculate the autocorrelation of Abbott India returns to help us make a trade decision. For example, suppose you find that Abbott India 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 |
Abbott India 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 Abbott India stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Abbott India stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Abbott India stock over time.
Current vs Lagged Prices |
| Timeline |
Abbott India Lagged Returns
When evaluating Abbott India's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Abbott India stock have on its future price. Abbott India 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, Abbott India autocorrelation shows the relationship between Abbott India stock current value and its past values and can show if there is a momentum factor associated with investing in Abbott India Limited.
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.Other Information on Investing in Abbott Stock
Abbott India financial ratios help investors to determine whether Abbott Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Abbott with respect to the benefits of owning Abbott India security.