Adroit Infotech (India) Market Value
| ADROITINFO | 22.31 0.03 0.13% |
| Symbol | Adroit |
Adroit Infotech '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 Adroit Infotech'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 Adroit Infotech.
| 01/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in Adroit Infotech on January 9, 2023 and sell it all today you would earn a total of 0.00 from holding Adroit Infotech Limited or generate 0.0% return on investment in Adroit Infotech over 690 days. Adroit Infotech is related to or competes with Reliance Communications, Life Insurance, Gallantt Ispat, Bigbloc Construction, Computer Age, DiGiSPICE Technologies, and IDBI Bank. Adroit Infotech is entity of India. It is traded as Stock on NSE exchange. More
Adroit Infotech 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 Adroit Infotech'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 Adroit Infotech Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.75 | |||
| Information Ratio | 0.0261 | |||
| Maximum Drawdown | 30.0 | |||
| Value At Risk | (5.68) | |||
| Potential Upside | 10.0 |
Adroit Infotech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Adroit Infotech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Adroit Infotech's standard deviation. In reality, there are many statistical measures that can use Adroit Infotech historical prices to predict the future Adroit Infotech's volatility.| Risk Adjusted Performance | 0.0491 | |||
| Jensen Alpha | 0.0494 | |||
| Total Risk Alpha | (0.46) | |||
| Sortino Ratio | 0.0322 | |||
| Treynor Ratio | 0.1459 |
Adroit Infotech Backtested Returns
Adroit Infotech appears to be not too volatile, given 3 months investment horizon. Adroit Infotech secures Sharpe Ratio (or Efficiency) of 0.0712, which signifies that the company had a 0.0712% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Adroit Infotech Limited, which you can use to evaluate the volatility of the firm. Please makes use of Adroit Infotech's Mean Deviation of 2.96, downside deviation of 3.75, and Risk Adjusted Performance of 0.0491 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Adroit Infotech holds a performance score of 5. The firm shows a Beta (market volatility) of 1.62, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Adroit Infotech will likely underperform. Please check Adroit Infotech's treynor ratio, kurtosis, period momentum indicator, as well as the relationship between the downside variance and day median price , to make a quick decision on whether Adroit Infotech's price patterns will revert.
Auto-correlation | 0.05 |
Virtually no predictability
Adroit Infotech Limited has virtually no predictability. Overlapping area represents the amount of predictability between Adroit Infotech time series from 9th of January 2023 to 20th of December 2023 and 20th of December 2023 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 Adroit Infotech price movement. The serial correlation of 0.05 indicates that only as little as 5.0% of current Adroit Infotech price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.05 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 6.51 |
Adroit Infotech lagged returns against current returns
Autocorrelation, which is Adroit Infotech 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 Adroit Infotech's stock expected returns. We can calculate the autocorrelation of Adroit Infotech returns to help us make a trade decision. For example, suppose you find that Adroit Infotech 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 |
Adroit Infotech 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 Adroit Infotech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Adroit Infotech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Adroit Infotech stock over time.
Current vs Lagged Prices |
| Timeline |
Adroit Infotech Lagged Returns
When evaluating Adroit Infotech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Adroit Infotech stock have on its future price. Adroit Infotech 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, Adroit Infotech autocorrelation shows the relationship between Adroit Infotech stock current value and its past values and can show if there is a momentum factor associated with investing in Adroit Infotech 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 Adroit Stock
Adroit Infotech financial ratios help investors to determine whether Adroit 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 Adroit with respect to the benefits of owning Adroit Infotech security.