Albert David (India) Market Value
| ALBERTDAVD | 1,484 22.55 1.50% |
| Symbol | Albert |
Albert David '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 Albert David'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 Albert David.
| 09/12/2024 |
| 12/11/2024 |
If you would invest 0.00 in Albert David on September 12, 2024 and sell it all today you would earn a total of 0.00 from holding Albert David Limited or generate 0.0% return on investment in Albert David over 90 days. Albert David is related to or competes with JM Financial, Music Broadcast, SBI Life, MSP Steel, Vraj Iron, Transport, and ICICI Bank. Albert David is entity of India. It is traded as Stock on NSE exchange. More
Albert David 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 Albert David'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 Albert David Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 8.02 | |||
| Value At Risk | (2.89) | |||
| Potential Upside | 3.9 |
Albert David Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Albert David's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Albert David's standard deviation. In reality, there are many statistical measures that can use Albert David historical prices to predict the future Albert David's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.35) | |||
| Treynor Ratio | (0.21) |
Albert David Limited Backtested Returns
Albert David Limited secures Sharpe Ratio (or Efficiency) of -0.0131, which signifies that the company had a -0.0131% return per unit of standard deviation over the last 3 months. Albert David Limited exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Albert David's risk adjusted performance of (0.01), and Mean Deviation of 1.43 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.24, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Albert David's returns are expected to increase less than the market. However, during the bear market, the loss of holding Albert David is expected to be smaller as well. At this point, Albert David Limited has a negative expected return of -0.0253%. Please make sure to confirm Albert David's potential upside, and the relationship between the jensen alpha and rate of daily change , to decide if Albert David Limited performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.29 |
Weak reverse predictability
Albert David Limited has weak reverse predictability. Overlapping area represents the amount of predictability between Albert David time series from 12th of September 2024 to 27th of October 2024 and 27th of October 2024 to 11th 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 Albert David Limited price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current Albert David price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.29 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 3857.22 |
Albert David Limited lagged returns against current returns
Autocorrelation, which is Albert David 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 Albert David's stock expected returns. We can calculate the autocorrelation of Albert David returns to help us make a trade decision. For example, suppose you find that Albert David 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 |
Albert David 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 Albert David stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Albert David stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Albert David stock over time.
Current vs Lagged Prices |
| Timeline |
Albert David Lagged Returns
When evaluating Albert David's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Albert David stock have on its future price. Albert David 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, Albert David autocorrelation shows the relationship between Albert David stock current value and its past values and can show if there is a momentum factor associated with investing in Albert David 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 Albert Stock
Albert David financial ratios help investors to determine whether Albert 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 Albert with respect to the benefits of owning Albert David security.