Akme Fintrade (India) Market Value
| AFIL Stock | 81.65 0.28 0.34% |
| Symbol | Akme |
Akme Fintrade '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 Akme Fintrade'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 Akme Fintrade.
| 10/29/2023 |
| 11/22/2024 |
If you would invest 0.00 in Akme Fintrade on October 29, 2023 and sell it all today you would earn a total of 0.00 from holding Akme Fintrade India or generate 0.0% return on investment in Akme Fintrade over 390 days. Akme Fintrade is related to or competes with Bajaj Finance, Power Finance, REC, Shriram Finance, and Cholamandalam Investment. Akme Fintrade is entity of India. It is traded as Stock on NSE exchange. More
Akme Fintrade 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 Akme Fintrade'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 Akme Fintrade India upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.25) | |||
| Maximum Drawdown | 11.88 | |||
| Value At Risk | (4.12) | |||
| Potential Upside | 4.01 |
Akme Fintrade Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Akme Fintrade's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Akme Fintrade's standard deviation. In reality, there are many statistical measures that can use Akme Fintrade historical prices to predict the future Akme Fintrade's volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (0.45) | |||
| Total Risk Alpha | (0.78) | |||
| Treynor Ratio | 1.54 |
Akme Fintrade India Backtested Returns
Akme Fintrade India secures Sharpe Ratio (or Efficiency) of -0.28, which signifies that the company had a -0.28% return per unit of risk over the last 3 months. Akme Fintrade India exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Akme Fintrade's Risk Adjusted Performance of (0.15), mean deviation of 1.78, and Standard Deviation of 2.32 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.31, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Akme Fintrade are expected to decrease at a much lower rate. During the bear market, Akme Fintrade is likely to outperform the market. At this point, Akme Fintrade India has a negative expected return of -0.61%. Please make sure to confirm Akme Fintrade's information ratio, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Akme Fintrade India performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Akme Fintrade India has no correlation between past and present. Overlapping area represents the amount of predictability between Akme Fintrade time series from 29th of October 2023 to 11th of May 2024 and 11th of May 2024 to 22nd 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 Akme Fintrade India price movement. The serial correlation of 0.0 indicates that just 0.0% of current Akme Fintrade price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Akme Fintrade India lagged returns against current returns
Autocorrelation, which is Akme Fintrade 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 Akme Fintrade's stock expected returns. We can calculate the autocorrelation of Akme Fintrade returns to help us make a trade decision. For example, suppose you find that Akme Fintrade 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 |
Akme Fintrade 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 Akme Fintrade stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Akme Fintrade stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Akme Fintrade stock over time.
Current vs Lagged Prices |
| Timeline |
Akme Fintrade Lagged Returns
When evaluating Akme Fintrade's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Akme Fintrade stock have on its future price. Akme Fintrade 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, Akme Fintrade autocorrelation shows the relationship between Akme Fintrade stock current value and its past values and can show if there is a momentum factor associated with investing in Akme Fintrade India.
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 Akme Stock Analysis
When running Akme Fintrade's price analysis, check to measure Akme Fintrade'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 Akme Fintrade is operating at the current time. Most of Akme Fintrade's value examination focuses on studying past and present price action to predict the probability of Akme Fintrade's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Akme Fintrade's price. Additionally, you may evaluate how the addition of Akme Fintrade to your portfolios can decrease your overall portfolio volatility.