Bajaj Hindusthan (India) Market Value
| BAJAJHIND | 33.41 0.96 2.96% |
| Symbol | Bajaj |
Bajaj Hindusthan '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 Hindusthan'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 Hindusthan.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Bajaj Hindusthan on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Bajaj Hindusthan Sugar or generate 0.0% return on investment in Bajaj Hindusthan over 30 days. Bajaj Hindusthan is related to or competes with Kewal Kiran, Nucleus Software, Compucom Software, Syrma SGS, Sonata Software, California Software, and Selan Exploration. Bajaj Hindusthan is entity of India. It is traded as Stock on NSE exchange. More
Bajaj Hindusthan 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 Hindusthan'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 Hindusthan Sugar upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 13.0 | |||
| Value At Risk | (4.64) | |||
| Potential Upside | 4.24 |
Bajaj Hindusthan Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bajaj Hindusthan's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bajaj Hindusthan's standard deviation. In reality, there are many statistical measures that can use Bajaj Hindusthan historical prices to predict the future Bajaj Hindusthan's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.28) | |||
| Total Risk Alpha | (0.67) | |||
| Treynor Ratio | (3.78) |
Bajaj Hindusthan Sugar Backtested Returns
Bajaj Hindusthan Sugar secures Sharpe Ratio (or Efficiency) of -0.13, which signifies that the company had a -0.13% return per unit of risk over the last 3 months. Bajaj Hindusthan Sugar exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bajaj Hindusthan's Standard Deviation of 2.69, risk adjusted performance of (0.07), and Mean Deviation of 2.06 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0711, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Bajaj Hindusthan's returns are expected to increase less than the market. However, during the bear market, the loss of holding Bajaj Hindusthan is expected to be smaller as well. At this point, Bajaj Hindusthan Sugar has a negative expected return of -0.36%. Please make sure to confirm Bajaj Hindusthan's total risk alpha, kurtosis, market facilitation index, as well as the relationship between the value at risk and rate of daily change , to decide if Bajaj Hindusthan Sugar performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.56 |
Good reverse predictability
Bajaj Hindusthan Sugar has good reverse predictability. Overlapping area represents the amount of predictability between Bajaj Hindusthan time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Bajaj Hindusthan Sugar price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current Bajaj Hindusthan price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.56 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 1.18 |
Bajaj Hindusthan Sugar lagged returns against current returns
Autocorrelation, which is Bajaj Hindusthan 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 Hindusthan's stock expected returns. We can calculate the autocorrelation of Bajaj Hindusthan returns to help us make a trade decision. For example, suppose you find that Bajaj Hindusthan 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 Hindusthan 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 Hindusthan stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bajaj Hindusthan stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bajaj Hindusthan stock over time.
Current vs Lagged Prices |
| Timeline |
Bajaj Hindusthan Lagged Returns
When evaluating Bajaj Hindusthan's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bajaj Hindusthan stock have on its future price. Bajaj Hindusthan 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 Hindusthan autocorrelation shows the relationship between Bajaj Hindusthan stock current value and its past values and can show if there is a momentum factor associated with investing in Bajaj Hindusthan Sugar.
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 Hindusthan 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 Hindusthan security.