Aditya Birla (India) Market Value
| ABSLAMC Stock | 865.20 9.75 1.11% |
| 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.
| 04/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in Aditya Birla on April 6, 2024 and sell it all today you would earn a total of 0.00 from holding Aditya Birla Sun or generate 0.0% return on investment in Aditya Birla over 240 days. Aditya Birla is related to or competes with Sonata Software, Dev Information, Rajnandini Metal, Popular Vehicles, LT Technology, and Nucleus Software. 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 Sun upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.92 | |||
| Information Ratio | 0.0571 | |||
| Maximum Drawdown | 15.69 | |||
| Value At Risk | (2.84) | |||
| Potential Upside | 4.19 |
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 | 0.0927 | |||
| Jensen Alpha | 0.2144 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | 0.0741 | |||
| Treynor Ratio | 0.6189 |
Aditya Birla Sun Backtested Returns
Aditya Birla appears to be very steady, given 3 months investment horizon. Aditya Birla Sun secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Aditya Birla Sun, which you can use to evaluate the volatility of the firm. Please makes use of Aditya Birla's Mean Deviation of 1.77, risk adjusted performance of 0.0927, and Downside Deviation of 1.92 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Aditya Birla holds a performance score of 8. The firm shows a Beta (market volatility) of 0.44, 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. Please check Aditya Birla's standard deviation, value at risk, kurtosis, as well as the relationship between the sortino ratio and semi variance , to make a quick decision on whether Aditya Birla's price patterns will revert.
Auto-correlation | 0.67 |
Good predictability
Aditya Birla Sun has good predictability. Overlapping area represents the amount of predictability between Aditya Birla time series from 6th of April 2024 to 4th of August 2024 and 4th of August 2024 to 2nd of December 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 Sun price movement. The serial correlation of 0.67 indicates that around 67.0% of current Aditya Birla price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | 0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 2501.81 |
Aditya Birla Sun 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 Sun.
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 Aditya Stock
Aditya Birla financial ratios help investors to determine whether Aditya 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 Aditya with respect to the benefits of owning Aditya Birla security.