Airan (India) Market Value
| AIRAN Stock | 29.97 0.91 3.13% |
| Symbol | Airan |
Airan '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 Airan'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 Airan.
| 01/31/2024 |
| 11/26/2024 |
If you would invest 0.00 in Airan on January 31, 2024 and sell it all today you would earn a total of 0.00 from holding Airan Limited or generate 0.0% return on investment in Airan over 300 days. Airan is related to or competes with Kingfa Science, Rico Auto, GACM Technologies, COSMO FIRST, Tribhovandas Bhimji, Parag Milk, and Heubach Colorants. Airan is entity of India. It is traded as Stock on NSE exchange. More
Airan 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 Airan'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 Airan Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 15.02 | |||
| Value At Risk | (4.30) | |||
| Potential Upside | 4.98 |
Airan Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Airan's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Airan's standard deviation. In reality, there are many statistical measures that can use Airan historical prices to predict the future Airan's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.58) | |||
| Total Risk Alpha | (0.93) | |||
| Treynor Ratio | (0.67) |
Airan Limited Backtested Returns
Airan Limited secures Sharpe Ratio (or Efficiency) of -0.13, which signifies that the company had a -0.13% return per unit of risk over the last 3 months. Airan Limited exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Airan's Standard Deviation of 2.81, mean deviation of 2.14, and Risk Adjusted Performance of (0.12) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.74, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Airan's returns are expected to increase less than the market. However, during the bear market, the loss of holding Airan is expected to be smaller as well. At this point, Airan Limited has a negative expected return of -0.37%. Please make sure to confirm Airan's potential upside, as well as the relationship between the daily balance of power and price action indicator , to decide if Airan Limited performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.7 |
Very good reverse predictability
Airan Limited has very good reverse predictability. Overlapping area represents the amount of predictability between Airan time series from 31st of January 2024 to 29th of June 2024 and 29th of June 2024 to 26th 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 Airan Limited price movement. The serial correlation of -0.7 indicates that around 70.0% of current Airan price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.7 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 16.57 |
Airan Limited lagged returns against current returns
Autocorrelation, which is Airan 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 Airan's stock expected returns. We can calculate the autocorrelation of Airan returns to help us make a trade decision. For example, suppose you find that Airan 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 |
Airan 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 Airan stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Airan stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Airan stock over time.
Current vs Lagged Prices |
| Timeline |
Airan Lagged Returns
When evaluating Airan's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Airan stock have on its future price. Airan 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, Airan autocorrelation shows the relationship between Airan stock current value and its past values and can show if there is a momentum factor associated with investing in Airan 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 Airan Stock
Airan financial ratios help investors to determine whether Airan 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 Airan with respect to the benefits of owning Airan security.