Almondz Global (India) Market Value
| ALMONDZ Stock | 27.40 0.41 1.52% |
| Symbol | Almondz |
Almondz Global '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 Almondz Global'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 Almondz Global.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Almondz Global on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Almondz Global Securities or generate 0.0% return on investment in Almondz Global over 30 days. Almondz Global is related to or competes with Fortis Healthcare, Bajaj Holdings, Blue Jet, Global Health, Pilani Investment, and MEDI ASSIST. Almondz Global is entity of India. It is traded as Stock on NSE exchange. More
Almondz Global 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 Almondz Global'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 Almondz Global Securities upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 10.02 | |||
| Value At Risk | (4.40) | |||
| Potential Upside | 4.99 |
Almondz Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Almondz Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Almondz Global's standard deviation. In reality, there are many statistical measures that can use Almondz Global historical prices to predict the future Almondz Global's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (0.57) | |||
| Treynor Ratio | (0.18) |
Almondz Global Securities Backtested Returns
Almondz Global Securities secures Sharpe Ratio (or Efficiency) of -0.1, which signifies that the company had a -0.1% return per unit of risk over the last 3 months. Almondz Global Securities exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Almondz Global's Mean Deviation of 2.11, standard deviation of 2.78, and Risk Adjusted Performance of (0.03) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.84, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Almondz Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Almondz Global is expected to be smaller as well. At this point, Almondz Global Securities has a negative expected return of -0.28%. Please make sure to confirm Almondz Global's value at risk, as well as the relationship between the daily balance of power and price action indicator , to decide if Almondz Global Securities performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.48 |
Average predictability
Almondz Global Securities has average predictability. Overlapping area represents the amount of predictability between Almondz Global time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 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 Almondz Global Securities price movement. The serial correlation of 0.48 indicates that about 48.0% of current Almondz Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.48 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.35 |
Almondz Global Securities lagged returns against current returns
Autocorrelation, which is Almondz Global 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 Almondz Global's stock expected returns. We can calculate the autocorrelation of Almondz Global returns to help us make a trade decision. For example, suppose you find that Almondz Global 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 |
Almondz Global 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 Almondz Global stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Almondz Global stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Almondz Global stock over time.
Current vs Lagged Prices |
| Timeline |
Almondz Global Lagged Returns
When evaluating Almondz Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Almondz Global stock have on its future price. Almondz Global 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, Almondz Global autocorrelation shows the relationship between Almondz Global stock current value and its past values and can show if there is a momentum factor associated with investing in Almondz Global Securities.
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 Almondz Stock Analysis
When running Almondz Global's price analysis, check to measure Almondz Global'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 Almondz Global is operating at the current time. Most of Almondz Global's value examination focuses on studying past and present price action to predict the probability of Almondz Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Almondz Global's price. Additionally, you may evaluate how the addition of Almondz Global to your portfolios can decrease your overall portfolio volatility.