Ajanta Pharma (India) Market Value
| AJANTPHARM | 3,027 30.05 1.00% |
| Symbol | Ajanta |
Ajanta Pharma '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 Ajanta Pharma'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 Ajanta Pharma.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Ajanta Pharma on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Ajanta Pharma Limited or generate 0.0% return on investment in Ajanta Pharma over 30 days. Ajanta Pharma is related to or competes with Kohinoor Foods, MEDI ASSIST, Sarveshwar Foods, LT Foods, Vertoz Advertising, ADF Foods, and Foods Inns. Ajanta Pharma is entity of India. It is traded as Stock on NSE exchange. More
Ajanta Pharma 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 Ajanta Pharma'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 Ajanta Pharma Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 9.87 | |||
| Value At Risk | (4.07) | |||
| Potential Upside | 3.78 |
Ajanta Pharma Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ajanta Pharma's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ajanta Pharma's standard deviation. In reality, there are many statistical measures that can use Ajanta Pharma historical prices to predict the future Ajanta Pharma's volatility.| Risk Adjusted Performance | 0.0017 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.36) | |||
| Treynor Ratio | 1.07 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ajanta Pharma's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Ajanta Pharma Limited Backtested Returns
Ajanta Pharma Limited secures Sharpe Ratio (or Efficiency) of -0.0339, which signifies that the company had a -0.0339% return per unit of standard deviation over the last 3 months. Ajanta Pharma Limited exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Ajanta Pharma's risk adjusted performance of 0.0017, and Mean Deviation of 1.74 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0226, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Ajanta Pharma are expected to decrease at a much lower rate. During the bear market, Ajanta Pharma is likely to outperform the market. At this point, Ajanta Pharma Limited has a negative expected return of -0.0736%. Please make sure to confirm Ajanta Pharma's potential upside, and the relationship between the jensen alpha and rate of daily change , to decide if Ajanta Pharma Limited performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.12 |
Insignificant reverse predictability
Ajanta Pharma Limited has insignificant reverse predictability. Overlapping area represents the amount of predictability between Ajanta Pharma time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Ajanta Pharma Limited price movement. The serial correlation of -0.12 indicates that less than 12.0% of current Ajanta Pharma price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.12 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 3664.7 |
Ajanta Pharma Limited lagged returns against current returns
Autocorrelation, which is Ajanta Pharma 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 Ajanta Pharma's stock expected returns. We can calculate the autocorrelation of Ajanta Pharma returns to help us make a trade decision. For example, suppose you find that Ajanta Pharma 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 |
Ajanta Pharma 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 Ajanta Pharma stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ajanta Pharma stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ajanta Pharma stock over time.
Current vs Lagged Prices |
| Timeline |
Ajanta Pharma Lagged Returns
When evaluating Ajanta Pharma's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ajanta Pharma stock have on its future price. Ajanta Pharma 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, Ajanta Pharma autocorrelation shows the relationship between Ajanta Pharma stock current value and its past values and can show if there is a momentum factor associated with investing in Ajanta Pharma 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 Ajanta Stock
Ajanta Pharma financial ratios help investors to determine whether Ajanta 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 Ajanta with respect to the benefits of owning Ajanta Pharma security.