Aditya Birla (India) Market Value
| ABCAPITAL | 193.81 0.50 0.26% |
| Symbol | Aditya |
Aditya Birla '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 Aditya Birla'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 Aditya Birla.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Aditya Birla on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Aditya Birla Capital or generate 0.0% return on investment in Aditya Birla over 30 days. Aditya Birla is related to or competes with V2 Retail, Future Retail, Lemon Tree, Baazar Style, Shemaroo Entertainment, Samhi Hotels, and Royal Orchid. Aditya Birla is entity of India. It is traded as Stock on NSE exchange. More
Aditya Birla 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 Aditya Birla'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 Aditya Birla Capital upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 10.95 | |||
| Value At Risk | (3.68) | |||
| Potential Upside | 2.54 |
Aditya Birla Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aditya Birla's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aditya Birla's standard deviation. In reality, there are many statistical measures that can use Aditya Birla historical prices to predict the future Aditya Birla's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (0.50) | |||
| Treynor Ratio | (0.36) |
Aditya Birla Capital Backtested Returns
Aditya Birla Capital secures Sharpe Ratio (or Efficiency) of -0.12, which signifies that the company had a -0.12% return per unit of risk over the last 3 months. Aditya Birla Capital exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Aditya Birla's Mean Deviation of 1.51, risk adjusted performance of (0.07), and Standard Deviation of 1.99 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.55, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Aditya Birla's returns are expected to increase less than the market. However, during the bear market, the loss of holding Aditya Birla is expected to be smaller as well. At this point, Aditya Birla Capital has a negative expected return of -0.23%. Please make sure to confirm Aditya Birla's skewness, and the relationship between the treynor ratio and rate of daily change , to decide if Aditya Birla Capital performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.49 |
Modest reverse predictability
Aditya Birla Capital has modest reverse predictability. Overlapping area represents the amount of predictability between Aditya Birla time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Aditya Birla Capital price movement. The serial correlation of -0.49 indicates that about 49.0% of current Aditya Birla price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.49 | |
| Spearman Rank Test | -0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 15.0 |
Aditya Birla Capital lagged returns against current returns
Autocorrelation, which is Aditya Birla 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 Aditya Birla's stock expected returns. We can calculate the autocorrelation of Aditya Birla returns to help us make a trade decision. For example, suppose you find that Aditya Birla 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 |
Aditya Birla 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 Aditya Birla stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aditya Birla stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aditya Birla stock over time.
Current vs Lagged Prices |
| Timeline |
Aditya Birla Lagged Returns
When evaluating Aditya Birla's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aditya Birla stock have on its future price. Aditya Birla 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, Aditya Birla autocorrelation shows the relationship between Aditya Birla stock current value and its past values and can show if there is a momentum factor associated with investing in Aditya Birla Capital.
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 Aditya Stock Analysis
When running Aditya Birla's price analysis, check to measure Aditya Birla'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 Aditya Birla is operating at the current time. Most of Aditya Birla's value examination focuses on studying past and present price action to predict the probability of Aditya Birla's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aditya Birla's price. Additionally, you may evaluate how the addition of Aditya Birla to your portfolios can decrease your overall portfolio volatility.