Ashiana Housing (India) Market Value
| ASHIANA Stock | 304.70 1.15 0.38% |
| Symbol | Ashiana |
Ashiana Housing '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 Ashiana Housing'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 Ashiana Housing.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in Ashiana Housing on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding Ashiana Housing Limited or generate 0.0% return on investment in Ashiana Housing over 180 days. Ashiana Housing is related to or competes with Rama Steel, Indian Card, Fine Organic, Steel Authority, Visa Steel, Patanjali Foods, and Vibhor Steel. Ashiana Housing is entity of India. It is traded as Stock on NSE exchange. More
Ashiana Housing 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 Ashiana Housing'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 Ashiana Housing Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 15.64 | |||
| Value At Risk | (3.02) | |||
| Potential Upside | 3.75 |
Ashiana Housing Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ashiana Housing's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ashiana Housing's standard deviation. In reality, there are many statistical measures that can use Ashiana Housing historical prices to predict the future Ashiana Housing's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (0.59) | |||
| Treynor Ratio | (2.37) |
Ashiana Housing Backtested Returns
Ashiana Housing secures Sharpe Ratio (or Efficiency) of -0.0593, which signifies that the company had a -0.0593% return per unit of standard deviation over the last 3 months. Ashiana Housing Limited exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Ashiana Housing's mean deviation of 1.49, and Risk Adjusted Performance of (0.08) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.1, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Ashiana Housing's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ashiana Housing is expected to be smaller as well. At this point, Ashiana Housing has a negative expected return of -0.13%. Please make sure to confirm Ashiana Housing's skewness, day typical price, and the relationship between the maximum drawdown and daily balance of power , to decide if Ashiana Housing performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.30 |
Below average predictability
Ashiana Housing Limited has below average predictability. Overlapping area represents the amount of predictability between Ashiana Housing time series from 30th of May 2024 to 28th of August 2024 and 28th of August 2024 to 26th 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 Ashiana Housing price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current Ashiana Housing price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.3 | |
| Spearman Rank Test | 0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 187.52 |
Ashiana Housing lagged returns against current returns
Autocorrelation, which is Ashiana Housing 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 Ashiana Housing's stock expected returns. We can calculate the autocorrelation of Ashiana Housing returns to help us make a trade decision. For example, suppose you find that Ashiana Housing 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 |
Ashiana Housing 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 Ashiana Housing stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ashiana Housing stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ashiana Housing stock over time.
Current vs Lagged Prices |
| Timeline |
Ashiana Housing Lagged Returns
When evaluating Ashiana Housing's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ashiana Housing stock have on its future price. Ashiana Housing 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, Ashiana Housing autocorrelation shows the relationship between Ashiana Housing stock current value and its past values and can show if there is a momentum factor associated with investing in Ashiana Housing 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 Ashiana Stock
Ashiana Housing financial ratios help investors to determine whether Ashiana 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 Ashiana with respect to the benefits of owning Ashiana Housing security.