Amber Enterprises (India) Market Value
| AMBER Stock | 6,018 33.35 0.55% |
| Symbol | Amber |
Amber Enterprises '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 Amber Enterprises' 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 Amber Enterprises.
| 12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in Amber Enterprises on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding Amber Enterprises India or generate 0.0% return on investment in Amber Enterprises over 360 days. Amber Enterprises is related to or competes with Hi Tech, Hi Tech, Reliance Communications, Electrosteel Castings, Computer Age, JSW Steel, and Jindal Steel. Amber Enterprises is entity of India. It is traded as Stock on NSE exchange. More
Amber Enterprises 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 Amber Enterprises' 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 Amber Enterprises India upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.99 | |||
| Information Ratio | 0.0923 | |||
| Maximum Drawdown | 27.69 | |||
| Value At Risk | (4.74) | |||
| Potential Upside | 6.57 |
Amber Enterprises Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Amber Enterprises' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Amber Enterprises' standard deviation. In reality, there are many statistical measures that can use Amber Enterprises historical prices to predict the future Amber Enterprises' volatility.| Risk Adjusted Performance | 0.1012 | |||
| Jensen Alpha | 0.5599 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | 0.1306 | |||
| Treynor Ratio | (1.05) |
Amber Enterprises India Backtested Returns
Amber Enterprises appears to be very steady, given 3 months investment horizon. Amber Enterprises India secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of standard deviation over the last 3 months. By analyzing Amber Enterprises' technical indicators, you can evaluate if the expected return of 0.56% is justified by implied risk. Please makes use of Amber Enterprises' risk adjusted performance of 0.1012, and Mean Deviation of 2.62 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Amber Enterprises holds a performance score of 10. The firm shows a Beta (market volatility) of -0.48, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Amber Enterprises are expected to decrease at a much lower rate. During the bear market, Amber Enterprises is likely to outperform the market. Please check Amber Enterprises' coefficient of variation, semi variance, price action indicator, as well as the relationship between the treynor ratio and daily balance of power , to make a quick decision on whether Amber Enterprises' price patterns will revert.
Auto-correlation | 0.21 |
Weak predictability
Amber Enterprises India has weak predictability. Overlapping area represents the amount of predictability between Amber Enterprises time series from 9th of December 2023 to 6th of June 2024 and 6th of June 2024 to 3rd 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 Amber Enterprises India price movement. The serial correlation of 0.21 indicates that over 21.0% of current Amber Enterprises price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | 0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 653.1 K |
Amber Enterprises India lagged returns against current returns
Autocorrelation, which is Amber Enterprises 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 Amber Enterprises' stock expected returns. We can calculate the autocorrelation of Amber Enterprises returns to help us make a trade decision. For example, suppose you find that Amber Enterprises 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 |
Amber Enterprises 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 Amber Enterprises stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Amber Enterprises stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Amber Enterprises stock over time.
Current vs Lagged Prices |
| Timeline |
Amber Enterprises Lagged Returns
When evaluating Amber Enterprises' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Amber Enterprises stock have on its future price. Amber Enterprises 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, Amber Enterprises autocorrelation shows the relationship between Amber Enterprises stock current value and its past values and can show if there is a momentum factor associated with investing in Amber Enterprises India.
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 Amber Stock
Amber Enterprises financial ratios help investors to determine whether Amber 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 Amber with respect to the benefits of owning Amber Enterprises security.