Bata India (India) Market Value
| BATAINDIA | 1,362 8.05 0.59% |
| Symbol | Bata |
Bata India '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 Bata India'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 Bata India.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Bata India on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Bata India Limited or generate 0.0% return on investment in Bata India over 30 days. Bata India is related to or competes with Zodiac Clothing, ZF Commercial, Jindal Steel, EMBASSY OFFICE, Shaily Engineering, NMDC Steel, and Kewal Kiran. Bata India is entity of India. It is traded as Stock on NSE exchange. More
Bata India 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 Bata India'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 Bata India Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 5.34 | |||
| Value At Risk | (2.13) | |||
| Potential Upside | 2.09 |
Bata India Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bata India's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bata India's standard deviation. In reality, there are many statistical measures that can use Bata India historical prices to predict the future Bata India's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.28) | |||
| Treynor Ratio | (0.30) |
Bata India Limited Backtested Returns
Bata India Limited secures Sharpe Ratio (or Efficiency) of -0.0831, which signifies that the company had a -0.0831% return per unit of risk over the last 3 months. Bata India Limited exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bata India's Risk Adjusted Performance of (0.05), mean deviation of 0.8953, and Standard Deviation of 1.23 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.32, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Bata India's returns are expected to increase less than the market. However, during the bear market, the loss of holding Bata India is expected to be smaller as well. At this point, Bata India Limited has a negative expected return of -0.1%. Please make sure to confirm Bata India's accumulation distribution, and the relationship between the potential upside and day median price , to decide if Bata India Limited performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.65 |
Very good reverse predictability
Bata India Limited has very good reverse predictability. Overlapping area represents the amount of predictability between Bata India time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Bata India Limited price movement. The serial correlation of -0.65 indicates that roughly 65.0% of current Bata India price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.65 | |
| Spearman Rank Test | -0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 1233.54 |
Bata India Limited lagged returns against current returns
Autocorrelation, which is Bata India 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 Bata India's stock expected returns. We can calculate the autocorrelation of Bata India returns to help us make a trade decision. For example, suppose you find that Bata India 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 |
Bata India 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 Bata India stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bata India stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bata India stock over time.
Current vs Lagged Prices |
| Timeline |
Bata India Lagged Returns
When evaluating Bata India's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bata India stock have on its future price. Bata India 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, Bata India autocorrelation shows the relationship between Bata India stock current value and its past values and can show if there is a momentum factor associated with investing in Bata India 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 Bata Stock
Bata India financial ratios help investors to determine whether Bata 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 Bata with respect to the benefits of owning Bata India security.