Asian Paints (India) Market Value
| ASIANPAINT | 2,458 33.85 1.36% |
| Symbol | Asian |
Asian Paints '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 Asian Paints' 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 Asian Paints.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Asian Paints on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Asian Paints Limited or generate 0.0% return on investment in Asian Paints over 30 days. Asian Paints is related to or competes with LLOYDS METALS, Hindustan Media, Ankit Metal, Sambhaav Media, Infomedia Press, Madhav Copper, and Ratnamani Metals. Asian Paints is entity of India. It is traded as Stock on NSE exchange. More
Asian Paints 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 Asian Paints' 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 Asian Paints Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.32) | |||
| Maximum Drawdown | 10.61 | |||
| Value At Risk | (2.58) | |||
| Potential Upside | 1.84 |
Asian Paints Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Asian Paints' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Asian Paints' standard deviation. In reality, there are many statistical measures that can use Asian Paints historical prices to predict the future Asian Paints' volatility.| Risk Adjusted Performance | (0.18) | |||
| Jensen Alpha | (0.38) | |||
| Total Risk Alpha | (0.61) | |||
| Treynor Ratio | (6.77) |
Asian Paints Limited Backtested Returns
Asian Paints Limited secures Sharpe Ratio (or Efficiency) of -0.24, which signifies that the company had a -0.24% return per unit of risk over the last 3 months. Asian Paints Limited exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Asian Paints' Standard Deviation of 1.56, mean deviation of 1.05, and Risk Adjusted Performance of (0.18) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0558, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Asian Paints' returns are expected to increase less than the market. However, during the bear market, the loss of holding Asian Paints is expected to be smaller as well. At this point, Asian Paints Limited has a negative expected return of -0.38%. Please make sure to confirm Asian Paints' skewness, and the relationship between the total risk alpha and rate of daily change , to decide if Asian Paints Limited performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.01 |
Virtually no predictability
Asian Paints Limited has virtually no predictability. Overlapping area represents the amount of predictability between Asian Paints 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 Asian Paints Limited price movement. The serial correlation of 0.01 indicates that just 1.0% of current Asian Paints price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.01 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 420.32 |
Asian Paints Limited lagged returns against current returns
Autocorrelation, which is Asian Paints 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 Asian Paints' stock expected returns. We can calculate the autocorrelation of Asian Paints returns to help us make a trade decision. For example, suppose you find that Asian Paints 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 |
Asian Paints 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 Asian Paints stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Asian Paints stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Asian Paints stock over time.
Current vs Lagged Prices |
| Timeline |
Asian Paints Lagged Returns
When evaluating Asian Paints' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Asian Paints stock have on its future price. Asian Paints 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, Asian Paints autocorrelation shows the relationship between Asian Paints stock current value and its past values and can show if there is a momentum factor associated with investing in Asian Paints 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 Asian Stock
Asian Paints financial ratios help investors to determine whether Asian 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 Asian with respect to the benefits of owning Asian Paints security.