Bajaj Healthcare (India) Market Value
| BAJAJHCARE | 648.50 19.55 2.93% |
| Symbol | Bajaj |
Bajaj Healthcare '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 Bajaj Healthcare'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 Bajaj Healthcare.
| 12/22/2024 |
| 01/21/2025 |
If you would invest 0.00 in Bajaj Healthcare on December 22, 2024 and sell it all today you would earn a total of 0.00 from holding Bajaj Healthcare Limited or generate 0.0% return on investment in Bajaj Healthcare over 30 days. Bajaj Healthcare is related to or competes with Life Insurance, Power Finance, HDFC Bank, State Bank, REC, Indian Railway, and SBI Life. Bajaj Healthcare is entity of India. It is traded as Stock on NSE exchange. More
Bajaj Healthcare 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 Bajaj Healthcare'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 Bajaj Healthcare Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.4 | |||
| Information Ratio | 0.1744 | |||
| Maximum Drawdown | 28.4 | |||
| Value At Risk | (5.68) | |||
| Potential Upside | 12.88 |
Bajaj Healthcare Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bajaj Healthcare's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bajaj Healthcare's standard deviation. In reality, there are many statistical measures that can use Bajaj Healthcare historical prices to predict the future Bajaj Healthcare's volatility.| Risk Adjusted Performance | 0.159 | |||
| Jensen Alpha | 0.9181 | |||
| Total Risk Alpha | 0.7994 | |||
| Sortino Ratio | 0.2654 | |||
| Treynor Ratio | 5.94 |
Bajaj Healthcare Backtested Returns
Bajaj Healthcare is very steady given 3 months investment horizon. Bajaj Healthcare secures Sharpe Ratio (or Efficiency) of 0.2, which signifies that the company had a 0.2 % return per unit of risk over the last 3 months. We were able to analyze twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.09% are justified by taking the suggested risk. Use Bajaj Healthcare Downside Deviation of 3.4, risk adjusted performance of 0.159, and Mean Deviation of 3.55 to evaluate company specific risk that cannot be diversified away. Bajaj Healthcare holds a performance score of 16 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 0.16, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Bajaj Healthcare's returns are expected to increase less than the market. However, during the bear market, the loss of holding Bajaj Healthcare is expected to be smaller as well. Use Bajaj Healthcare standard deviation, value at risk, kurtosis, as well as the relationship between the sortino ratio and semi variance , to analyze future returns on Bajaj Healthcare.
Auto-correlation | -0.5 |
Modest reverse predictability
Bajaj Healthcare Limited has modest reverse predictability. Overlapping area represents the amount of predictability between Bajaj Healthcare time series from 22nd of December 2024 to 6th of January 2025 and 6th of January 2025 to 21st 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 Bajaj Healthcare price movement. The serial correlation of -0.5 indicates that about 50.0% of current Bajaj Healthcare price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.5 | |
| Spearman Rank Test | -0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 449.88 |
Bajaj Healthcare lagged returns against current returns
Autocorrelation, which is Bajaj Healthcare 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 Bajaj Healthcare's stock expected returns. We can calculate the autocorrelation of Bajaj Healthcare returns to help us make a trade decision. For example, suppose you find that Bajaj Healthcare 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 |
Bajaj Healthcare 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 Bajaj Healthcare stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bajaj Healthcare stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bajaj Healthcare stock over time.
Current vs Lagged Prices |
| Timeline |
Bajaj Healthcare Lagged Returns
When evaluating Bajaj Healthcare's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bajaj Healthcare stock have on its future price. Bajaj Healthcare 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, Bajaj Healthcare autocorrelation shows the relationship between Bajaj Healthcare stock current value and its past values and can show if there is a momentum factor associated with investing in Bajaj Healthcare 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 Bajaj Stock
Bajaj Healthcare financial ratios help investors to determine whether Bajaj 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 Bajaj with respect to the benefits of owning Bajaj Healthcare security.