AXISCADES Technologies (India) Market Value
| AXISCADES | 742.90 1.25 0.17% |
| Symbol | AXISCADES |
AXISCADES Technologies '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 AXISCADES Technologies' 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 AXISCADES Technologies.
| 11/18/2024 |
| 01/17/2025 |
If you would invest 0.00 in AXISCADES Technologies on November 18, 2024 and sell it all today you would earn a total of 0.00 from holding AXISCADES Technologies Limited or generate 0.0% return on investment in AXISCADES Technologies over 60 days. AXISCADES Technologies is related to or competes with Adroit Infotech, Transport, Sasken Technologies, Cybertech Systems, Steelcast, Modi Rubber, and LT Technology. AXISCADES Technologies is entity of India More
AXISCADES Technologies 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 AXISCADES Technologies' 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 AXISCADES Technologies Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.22 | |||
| Information Ratio | 0.1545 | |||
| Maximum Drawdown | 17.74 | |||
| Value At Risk | (5.05) | |||
| Potential Upside | 7.21 |
AXISCADES Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AXISCADES Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AXISCADES Technologies' standard deviation. In reality, there are many statistical measures that can use AXISCADES Technologies historical prices to predict the future AXISCADES Technologies' volatility.| Risk Adjusted Performance | 0.1384 | |||
| Jensen Alpha | 0.5756 | |||
| Total Risk Alpha | 0.5925 | |||
| Sortino Ratio | 0.1803 | |||
| Treynor Ratio | (1.65) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of AXISCADES Technologies' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
AXISCADES Technologies Backtested Returns
AXISCADES Technologies appears to be very steady, given 3 months investment horizon. AXISCADES Technologies secures Sharpe Ratio (or Efficiency) of 0.18, which signifies that the company had a 0.18% return per unit of return volatility over the last 3 months. By analyzing AXISCADES Technologies' technical indicators, you can evaluate if the expected return of 0.68% is justified by implied risk. Please makes use of AXISCADES Technologies' Semi Deviation of 2.62, risk adjusted performance of 0.1384, and Mean Deviation of 2.63 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, AXISCADES Technologies holds a performance score of 13. The firm shows a Beta (market volatility) of -0.35, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning AXISCADES Technologies are expected to decrease at a much lower rate. During the bear market, AXISCADES Technologies is likely to outperform the market. Please check AXISCADES Technologies' jensen alpha, semi variance, day typical price, as well as the relationship between the maximum drawdown and accumulation distribution , to make a quick decision on whether AXISCADES Technologies' price patterns will revert.
Auto-correlation | 0.67 |
Good predictability
AXISCADES Technologies Limited has good predictability. Overlapping area represents the amount of predictability between AXISCADES Technologies time series from 18th of November 2024 to 18th of December 2024 and 18th of December 2024 to 17th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of AXISCADES Technologies price movement. The serial correlation of 0.67 indicates that around 67.0% of current AXISCADES Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | 0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 4713.94 |
AXISCADES Technologies lagged returns against current returns
Autocorrelation, which is AXISCADES Technologies 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 AXISCADES Technologies' stock expected returns. We can calculate the autocorrelation of AXISCADES Technologies returns to help us make a trade decision. For example, suppose you find that AXISCADES Technologies 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 |
AXISCADES Technologies 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 AXISCADES Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AXISCADES Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AXISCADES Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
AXISCADES Technologies Lagged Returns
When evaluating AXISCADES Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AXISCADES Technologies stock have on its future price. AXISCADES Technologies 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, AXISCADES Technologies autocorrelation shows the relationship between AXISCADES Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in AXISCADES Technologies Limited.
Regressed Prices |
| Timeline |
Also Currently Popular
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| BNB | Binance Coin |
Other Information on Investing in AXISCADES Stock
AXISCADES Technologies financial ratios help investors to determine whether AXISCADES 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 AXISCADES with respect to the benefits of owning AXISCADES Technologies security.