ABM International (India) Market Value
| ABMINTLLTD | 65.84 3.47 5.01% |
| Symbol | ABM |
ABM International '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 ABM International'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 ABM International.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in ABM International on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding ABM International Limited or generate 0.0% return on investment in ABM International over 720 days. ABM International is related to or competes with United Drilling, Asian Hotels, Jindal Drilling, Total Transport, Lemon Tree, Taj GVK, and Viceroy Hotels. ABM International is entity of India. It is traded as Stock on NSE exchange. More
ABM International 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 ABM International'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 ABM International Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.11 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 19.76 | |||
| Value At Risk | (5.01) | |||
| Potential Upside | 5.0 |
ABM International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ABM International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ABM International's standard deviation. In reality, there are many statistical measures that can use ABM International historical prices to predict the future ABM International's volatility.| Risk Adjusted Performance | 0.0138 | |||
| Jensen Alpha | 0.2374 | |||
| Total Risk Alpha | (0.65) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.01) |
ABM International Backtested Returns
As of now, ABM Stock is very steady. ABM International secures Sharpe Ratio (or Efficiency) of 0.0344, which signifies that the company had a 0.0344% return per unit of return volatility over the last 3 months. We have found thirty technical indicators for ABM International Limited, which you can use to evaluate the volatility of the entity. Please confirm ABM International's Downside Deviation of 4.11, coefficient of variation of 13797.1, and Mean Deviation of 3.33 to double-check if the risk estimate we provide is consistent with the expected return of 0.15%. ABM International has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -1.79, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning ABM International are expected to decrease by larger amounts. On the other hand, during market turmoil, ABM International is expected to outperform it. ABM International at this time shows a risk of 4.33%. Please confirm ABM International downside variance, and the relationship between the sortino ratio and accumulation distribution , to decide if ABM International will be following its price patterns.
Auto-correlation | -0.21 |
Weak reverse predictability
ABM International Limited has weak reverse predictability. Overlapping area represents the amount of predictability between ABM International time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 to 25th 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 ABM International price movement. The serial correlation of -0.21 indicates that over 21.0% of current ABM International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.21 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 90.59 |
ABM International lagged returns against current returns
Autocorrelation, which is ABM International 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 ABM International's stock expected returns. We can calculate the autocorrelation of ABM International returns to help us make a trade decision. For example, suppose you find that ABM International 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 |
ABM International 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 ABM International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ABM International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ABM International stock over time.
Current vs Lagged Prices |
| Timeline |
ABM International Lagged Returns
When evaluating ABM International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ABM International stock have on its future price. ABM International 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, ABM International autocorrelation shows the relationship between ABM International stock current value and its past values and can show if there is a momentum factor associated with investing in ABM International 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.Other Information on Investing in ABM Stock
ABM International financial ratios help investors to determine whether ABM 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 ABM with respect to the benefits of owning ABM International security.