Allied Blenders (India) Market Value
| ABDL Stock | 315.15 3.70 1.19% |
| Symbol | Allied |
Allied Blenders '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 Allied Blenders' 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 Allied Blenders.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Allied Blenders on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Allied Blenders Distillers or generate 0.0% return on investment in Allied Blenders over 30 days. Allied Blenders is entity of India. It is traded as Stock on NSE exchange. More
Allied Blenders 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 Allied Blenders' 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 Allied Blenders Distillers upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.22 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 12.44 | |||
| Value At Risk | (3.86) | |||
| Potential Upside | 6.15 |
Allied Blenders Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Allied Blenders' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Allied Blenders' standard deviation. In reality, there are many statistical measures that can use Allied Blenders historical prices to predict the future Allied Blenders' volatility.| Risk Adjusted Performance | 0.024 | |||
| Jensen Alpha | 0.0325 | |||
| Total Risk Alpha | (0.37) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.3557 |
Allied Blenders Dist Backtested Returns
Allied Blenders Dist secures Sharpe Ratio (or Efficiency) of -0.0101, which signifies that the company had a -0.0101% return per unit of risk over the last 3 months. Allied Blenders Distillers exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Allied Blenders' Downside Deviation of 2.22, mean deviation of 1.98, and Risk Adjusted Performance of 0.024 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.14, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Allied Blenders' returns are expected to increase less than the market. However, during the bear market, the loss of holding Allied Blenders is expected to be smaller as well. At this point, Allied Blenders Dist has a negative expected return of -0.0259%. Please make sure to confirm Allied Blenders' coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Allied Blenders Dist performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.86 |
Excellent reverse predictability
Allied Blenders Distillers has excellent reverse predictability. Overlapping area represents the amount of predictability between Allied Blenders time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Allied Blenders Dist price movement. The serial correlation of -0.86 indicates that approximately 86.0% of current Allied Blenders price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.86 | |
| Spearman Rank Test | -0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 37.31 |
Allied Blenders Dist lagged returns against current returns
Autocorrelation, which is Allied Blenders 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 Allied Blenders' stock expected returns. We can calculate the autocorrelation of Allied Blenders returns to help us make a trade decision. For example, suppose you find that Allied Blenders 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 |
Allied Blenders 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 Allied Blenders stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Allied Blenders stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Allied Blenders stock over time.
Current vs Lagged Prices |
| Timeline |
Allied Blenders Lagged Returns
When evaluating Allied Blenders' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Allied Blenders stock have on its future price. Allied Blenders 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, Allied Blenders autocorrelation shows the relationship between Allied Blenders stock current value and its past values and can show if there is a momentum factor associated with investing in Allied Blenders Distillers.
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 Allied Stock Analysis
When running Allied Blenders' price analysis, check to measure Allied Blenders' 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 Allied Blenders is operating at the current time. Most of Allied Blenders' value examination focuses on studying past and present price action to predict the probability of Allied Blenders' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Allied Blenders' price. Additionally, you may evaluate how the addition of Allied Blenders to your portfolios can decrease your overall portfolio volatility.