Aurobindo Pharma (India) Market Value
| AUROPHARMA | 1,224 6.70 0.55% |
| Symbol | Aurobindo |
Aurobindo Pharma '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 Aurobindo Pharma'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 Aurobindo Pharma.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Aurobindo Pharma on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Aurobindo Pharma Limited or generate 0.0% return on investment in Aurobindo Pharma over 30 days. Aurobindo Pharma is related to or competes with Viceroy Hotels, SINCLAIRS HOTELS, Chalet Hotels, Kavveri Telecom, Global Education, Lemon Tree, and Varun Beverages. Aurobindo Pharma is entity of India. It is traded as Stock on NSE exchange. More
Aurobindo Pharma 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 Aurobindo Pharma'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 Aurobindo Pharma Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.38) | |||
| Maximum Drawdown | 6.06 | |||
| Value At Risk | (2.43) | |||
| Potential Upside | 1.53 |
Aurobindo Pharma Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aurobindo Pharma's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aurobindo Pharma's standard deviation. In reality, there are many statistical measures that can use Aurobindo Pharma historical prices to predict the future Aurobindo Pharma's volatility.| Risk Adjusted Performance | (0.21) | |||
| Jensen Alpha | (0.37) | |||
| Total Risk Alpha | (0.53) | |||
| Treynor Ratio | (1.34) |
Aurobindo Pharma Backtested Returns
Aurobindo Pharma secures Sharpe Ratio (or Efficiency) of -0.3, which signifies that the company had a -0.3% return per unit of risk over the last 3 months. Aurobindo Pharma Limited exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Aurobindo Pharma's Mean Deviation of 0.9673, standard deviation of 1.22, and Risk Adjusted Performance of (0.21) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.26, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Aurobindo Pharma's returns are expected to increase less than the market. However, during the bear market, the loss of holding Aurobindo Pharma is expected to be smaller as well. At this point, Aurobindo Pharma has a negative expected return of -0.37%. Please make sure to confirm Aurobindo Pharma's skewness, as well as the relationship between the day median price and relative strength index , to decide if Aurobindo Pharma performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.74 |
Good predictability
Aurobindo Pharma Limited has good predictability. Overlapping area represents the amount of predictability between Aurobindo Pharma time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Aurobindo Pharma price movement. The serial correlation of 0.74 indicates that around 74.0% of current Aurobindo Pharma price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.74 | |
| Spearman Rank Test | 0.82 | |
| Residual Average | 0.0 | |
| Price Variance | 471.96 |
Aurobindo Pharma lagged returns against current returns
Autocorrelation, which is Aurobindo Pharma 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 Aurobindo Pharma's stock expected returns. We can calculate the autocorrelation of Aurobindo Pharma returns to help us make a trade decision. For example, suppose you find that Aurobindo Pharma 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 |
Aurobindo Pharma 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 Aurobindo Pharma stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aurobindo Pharma stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aurobindo Pharma stock over time.
Current vs Lagged Prices |
| Timeline |
Aurobindo Pharma Lagged Returns
When evaluating Aurobindo Pharma's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aurobindo Pharma stock have on its future price. Aurobindo Pharma 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, Aurobindo Pharma autocorrelation shows the relationship between Aurobindo Pharma stock current value and its past values and can show if there is a momentum factor associated with investing in Aurobindo Pharma 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 Aurobindo Stock
Aurobindo Pharma financial ratios help investors to determine whether Aurobindo 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 Aurobindo with respect to the benefits of owning Aurobindo Pharma security.