Adani Total (India) Market Value
| ATGL Stock | 717.50 2.05 0.29% |
| Symbol | Adani |
Adani Total '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 Adani Total'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 Adani Total.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Adani Total on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Adani Total Gas or generate 0.0% return on investment in Adani Total over 30 days. Adani Total is related to or competes with Sanginita Chemicals, Hilton Metal, Omkar Speciality, Hindustan Copper, Ankit Metal, and Shyam Metalics. Adani Total is entity of India. It is traded as Stock on NSE exchange. More
Adani Total 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 Adani Total'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 Adani Total Gas upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 24.68 | |||
| Value At Risk | (3.94) | |||
| Potential Upside | 5.91 |
Adani Total Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Adani Total's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Adani Total's standard deviation. In reality, there are many statistical measures that can use Adani Total historical prices to predict the future Adani Total's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.79) | |||
| Treynor Ratio | (0.53) |
Adani Total Gas Backtested Returns
Adani Total Gas secures Sharpe Ratio (or Efficiency) of -0.0279, which signifies that the company had a -0.0279% return per unit of standard deviation over the last 3 months. Adani Total Gas exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Adani Total's mean deviation of 2.09, and Risk Adjusted Performance of (0.02) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.29, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Adani Total's returns are expected to increase less than the market. However, during the bear market, the loss of holding Adani Total is expected to be smaller as well. At this point, Adani Total Gas has a negative expected return of -0.11%. Please make sure to confirm Adani Total's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Adani Total Gas performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.09 |
Very weak reverse predictability
Adani Total Gas has very weak reverse predictability. Overlapping area represents the amount of predictability between Adani Total time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 Adani Total Gas price movement. The serial correlation of -0.09 indicates that less than 9.0% of current Adani Total price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.09 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 3601.57 |
Adani Total Gas lagged returns against current returns
Autocorrelation, which is Adani Total 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 Adani Total's stock expected returns. We can calculate the autocorrelation of Adani Total returns to help us make a trade decision. For example, suppose you find that Adani Total 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 |
Adani Total 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 Adani Total stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Adani Total stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Adani Total stock over time.
Current vs Lagged Prices |
| Timeline |
Adani Total Lagged Returns
When evaluating Adani Total's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Adani Total stock have on its future price. Adani Total 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, Adani Total autocorrelation shows the relationship between Adani Total stock current value and its past values and can show if there is a momentum factor associated with investing in Adani Total Gas.
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 Adani Stock Analysis
When running Adani Total's price analysis, check to measure Adani Total's 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 Adani Total is operating at the current time. Most of Adani Total's value examination focuses on studying past and present price action to predict the probability of Adani Total's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Adani Total's price. Additionally, you may evaluate how the addition of Adani Total to your portfolios can decrease your overall portfolio volatility.