Automotive Stampings (India) Market Value
| ASAL Stock | 684.00 31.90 4.89% |
| Symbol | Automotive |
Automotive Stampings '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 Automotive Stampings' 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 Automotive Stampings.
| 01/05/2023 |
| 12/25/2024 |
If you would invest 0.00 in Automotive Stampings on January 5, 2023 and sell it all today you would earn a total of 0.00 from holding Automotive Stampings and or generate 0.0% return on investment in Automotive Stampings over 720 days. Automotive Stampings is related to or competes with Reliance Industries, Life Insurance, Indian Oil, and Oil Natural. Automotive Stampings is entity of India. It is traded as Stock on NSE exchange. More
Automotive Stampings 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 Automotive Stampings' 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 Automotive Stampings and upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 17.21 | |||
| Value At Risk | (3.56) | |||
| Potential Upside | 3.08 |
Automotive Stampings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Automotive Stampings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Automotive Stampings' standard deviation. In reality, there are many statistical measures that can use Automotive Stampings historical prices to predict the future Automotive Stampings' volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (0.37) | |||
| Treynor Ratio | 119.18 |
Automotive Stampings and Backtested Returns
Automotive Stampings and secures Sharpe Ratio (or Efficiency) of -0.048, which signifies that the company had a -0.048% return per unit of risk over the last 3 months. Automotive Stampings and exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Automotive Stampings' Mean Deviation of 1.69, standard deviation of 2.72, and Risk Adjusted Performance of (0.06) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0021, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Automotive Stampings are expected to decrease at a much lower rate. During the bear market, Automotive Stampings is likely to outperform the market. At this point, Automotive Stampings and has a negative expected return of -0.14%. Please make sure to confirm Automotive Stampings' maximum drawdown, potential upside, kurtosis, as well as the relationship between the value at risk and skewness , to decide if Automotive Stampings and performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.28 |
Poor predictability
Automotive Stampings and has poor predictability. Overlapping area represents the amount of predictability between Automotive Stampings time series from 5th of January 2023 to 31st of December 2023 and 31st of December 2023 to 25th 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 Automotive Stampings and price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current Automotive Stampings price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 26.8 K |
Automotive Stampings and lagged returns against current returns
Autocorrelation, which is Automotive Stampings 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 Automotive Stampings' stock expected returns. We can calculate the autocorrelation of Automotive Stampings returns to help us make a trade decision. For example, suppose you find that Automotive Stampings 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 |
Automotive Stampings 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 Automotive Stampings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Automotive Stampings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Automotive Stampings stock over time.
Current vs Lagged Prices |
| Timeline |
Automotive Stampings Lagged Returns
When evaluating Automotive Stampings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Automotive Stampings stock have on its future price. Automotive Stampings 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, Automotive Stampings autocorrelation shows the relationship between Automotive Stampings stock current value and its past values and can show if there is a momentum factor associated with investing in Automotive Stampings and.
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 Automotive Stock Analysis
When running Automotive Stampings' price analysis, check to measure Automotive Stampings' 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 Automotive Stampings is operating at the current time. Most of Automotive Stampings' value examination focuses on studying past and present price action to predict the probability of Automotive Stampings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Automotive Stampings' price. Additionally, you may evaluate how the addition of Automotive Stampings to your portfolios can decrease your overall portfolio volatility.