Balkrishna Industries (India) Market Value
| BALKRISIND | 2,780 62.20 2.29% |
| Symbol | Balkrishna |
Balkrishna Industries '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 Balkrishna Industries' 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 Balkrishna Industries.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Balkrishna Industries on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Balkrishna Industries Limited or generate 0.0% return on investment in Balkrishna Industries over 180 days. Balkrishna Industries is related to or competes with Radiant Cash, Fine Organic, Computer Age, Varun Beverages, Sarveshwar Foods, ADF Foods, and Som Distilleries. Balkrishna Industries is entity of India More
Balkrishna Industries 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 Balkrishna Industries' 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 Balkrishna Industries Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 10.02 | |||
| Value At Risk | (2.84) | |||
| Potential Upside | 2.76 |
Balkrishna Industries Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Balkrishna Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Balkrishna Industries' standard deviation. In reality, there are many statistical measures that can use Balkrishna Industries historical prices to predict the future Balkrishna Industries' volatility.| Risk Adjusted Performance | 0.0028 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | (0.08) |
Balkrishna Industries Backtested Returns
Balkrishna Industries secures Sharpe Ratio (or Efficiency) of -0.0282, which signifies that the company had a -0.0282% return per unit of risk over the last 3 months. Balkrishna Industries Limited exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Balkrishna Industries' Risk Adjusted Performance of 0.0028, mean deviation of 1.24, and Standard Deviation of 1.7 to double-check the risk estimate we provide. 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, Balkrishna Industries' returns are expected to increase less than the market. However, during the bear market, the loss of holding Balkrishna Industries is expected to be smaller as well. At this point, Balkrishna Industries has a negative expected return of -0.0481%. Please make sure to confirm Balkrishna Industries' value at risk, as well as the relationship between the daily balance of power and price action indicator , to decide if Balkrishna Industries performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.72 |
Good predictability
Balkrishna Industries Limited has good predictability. Overlapping area represents the amount of predictability between Balkrishna Industries time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 Balkrishna Industries price movement. The serial correlation of 0.72 indicates that around 72.0% of current Balkrishna Industries price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.72 | |
| Spearman Rank Test | 0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 15.6 K |
Balkrishna Industries lagged returns against current returns
Autocorrelation, which is Balkrishna Industries 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 Balkrishna Industries' stock expected returns. We can calculate the autocorrelation of Balkrishna Industries returns to help us make a trade decision. For example, suppose you find that Balkrishna Industries 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 |
Balkrishna Industries 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 Balkrishna Industries stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Balkrishna Industries stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Balkrishna Industries stock over time.
Current vs Lagged Prices |
| Timeline |
Balkrishna Industries Lagged Returns
When evaluating Balkrishna Industries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Balkrishna Industries stock have on its future price. Balkrishna Industries 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, Balkrishna Industries autocorrelation shows the relationship between Balkrishna Industries stock current value and its past values and can show if there is a momentum factor associated with investing in Balkrishna Industries 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.Additional Tools for Balkrishna Stock Analysis
When running Balkrishna Industries' price analysis, check to measure Balkrishna Industries' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Balkrishna Industries is operating at the current time. Most of Balkrishna Industries' value examination focuses on studying past and present price action to predict the probability of Balkrishna Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Balkrishna Industries' price. Additionally, you may evaluate how the addition of Balkrishna Industries to your portfolios can decrease your overall portfolio volatility.