Bajaj Holdings (India) Market Value
| BAJAJHLDNG | 10,592 191.15 1.84% |
| Symbol | Bajaj |
Bajaj Holdings '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 Holdings' 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 Holdings.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Bajaj Holdings on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Bajaj Holdings Investment or generate 0.0% return on investment in Bajaj Holdings over 30 days. Bajaj Holdings is related to or competes with Alkali Metals, Hindustan Copper, DMCC SPECIALITY, Madhav Copper, Avonmore Capital, Gujarat Fluorochemicals, and Privi Speciality. Bajaj Holdings is entity of India. It is traded as Stock on NSE exchange. More
Bajaj Holdings 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 Holdings' 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 Holdings Investment upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.43 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 8.34 | |||
| Value At Risk | (1.82) | |||
| Potential Upside | 3.24 |
Bajaj Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bajaj Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bajaj Holdings' standard deviation. In reality, there are many statistical measures that can use Bajaj Holdings historical prices to predict the future Bajaj Holdings' volatility.| Risk Adjusted Performance | 0.0637 | |||
| Jensen Alpha | 0.1397 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | (0.55) |
Bajaj Holdings Investment Backtested Returns
As of now, Bajaj Stock is very steady. Bajaj Holdings Investment secures Sharpe Ratio (or Efficiency) of 0.0665, which signifies that the company had a 0.0665% return per unit of risk over the last 3 months. We have found thirty technical indicators for Bajaj Holdings Investment, which you can use to evaluate the volatility of the firm. Please confirm Bajaj Holdings' Mean Deviation of 1.2, risk adjusted performance of 0.0637, and Downside Deviation of 1.43 to double-check if the risk estimate we provide is consistent with the expected return of 0.11%. Bajaj Holdings has a performance score of 5 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.21, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Bajaj Holdings are expected to decrease at a much lower rate. During the bear market, Bajaj Holdings is likely to outperform the market. Bajaj Holdings Investment right now shows a risk of 1.7%. Please confirm Bajaj Holdings Investment value at risk, kurtosis, and the relationship between the sortino ratio and semi variance , to decide if Bajaj Holdings Investment will be following its price patterns.
Auto-correlation | -0.75 |
Almost perfect reverse predictability
Bajaj Holdings Investment has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Bajaj Holdings time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Holdings Investment price movement. The serial correlation of -0.75 indicates that around 75.0% of current Bajaj Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.75 | |
| Spearman Rank Test | -0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 23.2 K |
Bajaj Holdings Investment lagged returns against current returns
Autocorrelation, which is Bajaj Holdings 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 Holdings' stock expected returns. We can calculate the autocorrelation of Bajaj Holdings returns to help us make a trade decision. For example, suppose you find that Bajaj Holdings 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 Holdings 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 Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bajaj Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bajaj Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
Bajaj Holdings Lagged Returns
When evaluating Bajaj Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bajaj Holdings stock have on its future price. Bajaj Holdings 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 Holdings autocorrelation shows the relationship between Bajaj Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in Bajaj Holdings Investment.
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 Holdings 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 Holdings security.