Astra Microwave (India) Market Value
| ASTRAMICRO | 767.50 8.05 1.04% |
| Symbol | Astra |
Astra Microwave '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 Astra Microwave'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 Astra Microwave.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Astra Microwave on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Astra Microwave Products or generate 0.0% return on investment in Astra Microwave over 30 days. Astra Microwave is related to or competes with Infomedia Press, DJ Mediaprint, PYRAMID TECHNOPLAST, Agro Tech, Palred Technologies, Eros International, and Network18 Media. Astra Microwave is entity of India. It is traded as Stock on NSE exchange. More
Astra Microwave 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 Astra Microwave'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 Astra Microwave Products upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 11.22 | |||
| Value At Risk | (3.11) | |||
| Potential Upside | 3.93 |
Astra Microwave Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Astra Microwave's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Astra Microwave's standard deviation. In reality, there are many statistical measures that can use Astra Microwave historical prices to predict the future Astra Microwave's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.52) | |||
| Treynor Ratio | (0.89) |
Astra Microwave Products Backtested Returns
Astra Microwave Products secures Sharpe Ratio (or Efficiency) of -0.0889, which signifies that the company had a -0.0889% return per unit of risk over the last 3 months. Astra Microwave Products exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Astra Microwave's Risk Adjusted Performance of (0.04), mean deviation of 1.81, and Standard Deviation of 2.34 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.19, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Astra Microwave's returns are expected to increase less than the market. However, during the bear market, the loss of holding Astra Microwave is expected to be smaller as well. At this point, Astra Microwave Products has a negative expected return of -0.2%. Please make sure to confirm Astra Microwave's skewness, as well as the relationship between the rate of daily change and price action indicator , to decide if Astra Microwave Products performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.36 |
Poor reverse predictability
Astra Microwave Products has poor reverse predictability. Overlapping area represents the amount of predictability between Astra Microwave 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 Astra Microwave Products price movement. The serial correlation of -0.36 indicates that just about 36.0% of current Astra Microwave price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.36 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 93.97 |
Astra Microwave Products lagged returns against current returns
Autocorrelation, which is Astra Microwave 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 Astra Microwave's stock expected returns. We can calculate the autocorrelation of Astra Microwave returns to help us make a trade decision. For example, suppose you find that Astra Microwave 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 |
Astra Microwave 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 Astra Microwave stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Astra Microwave stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Astra Microwave stock over time.
Current vs Lagged Prices |
| Timeline |
Astra Microwave Lagged Returns
When evaluating Astra Microwave's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Astra Microwave stock have on its future price. Astra Microwave 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, Astra Microwave autocorrelation shows the relationship between Astra Microwave stock current value and its past values and can show if there is a momentum factor associated with investing in Astra Microwave Products.
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 Astra Stock
Astra Microwave financial ratios help investors to determine whether Astra 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 Astra with respect to the benefits of owning Astra Microwave security.