Black Box (India) Market Value
| BBOX Stock | 569.05 19.90 3.38% |
| Symbol | Black |
Black Box '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 Black Box'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 Black Box.
| 02/29/2024 |
| 11/25/2024 |
If you would invest 0.00 in Black Box on February 29, 2024 and sell it all today you would earn a total of 0.00 from holding Black Box Limited or generate 0.0% return on investment in Black Box over 270 days. Black Box is related to or competes with Reliance Industries, Life Insurance, Indian Oil, and Oil Natural. Black Box is entity of India. It is traded as Stock on NSE exchange. More
Black Box 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 Black Box'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 Black Box Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.4 | |||
| Information Ratio | 0.0168 | |||
| Maximum Drawdown | 9.98 | |||
| Value At Risk | (4.03) | |||
| Potential Upside | 4.99 |
Black Box Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Black Box's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Black Box's standard deviation. In reality, there are many statistical measures that can use Black Box historical prices to predict the future Black Box's volatility.| Risk Adjusted Performance | 0.0567 | |||
| Jensen Alpha | 0.1511 | |||
| Total Risk Alpha | (0.26) | |||
| Sortino Ratio | 0.0191 | |||
| Treynor Ratio | 1.29 |
Black Box Limited Backtested Returns
Currently, Black Box Limited is very steady. Black Box Limited secures Sharpe Ratio (or Efficiency) of 0.0334, which signifies that the company had a 0.0334% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Black Box Limited, which you can use to evaluate the volatility of the firm. Please confirm Black Box's mean deviation of 2.26, and Risk Adjusted Performance of 0.0567 to double-check if the risk estimate we provide is consistent with the expected return of 0.0912%. Black Box has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.13, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Black Box's returns are expected to increase less than the market. However, during the bear market, the loss of holding Black Box is expected to be smaller as well. Black Box Limited right now shows a risk of 2.73%. Please confirm Black Box Limited market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if Black Box Limited will be following its price patterns.
Auto-correlation | 0.43 |
Average predictability
Black Box Limited has average predictability. Overlapping area represents the amount of predictability between Black Box time series from 29th of February 2024 to 13th of July 2024 and 13th of July 2024 to 25th 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 Black Box Limited price movement. The serial correlation of 0.43 indicates that just about 43.0% of current Black Box price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.43 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 1907.75 |
Black Box Limited lagged returns against current returns
Autocorrelation, which is Black Box 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 Black Box's stock expected returns. We can calculate the autocorrelation of Black Box returns to help us make a trade decision. For example, suppose you find that Black Box 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 |
Black Box 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 Black Box stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Black Box stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Black Box stock over time.
Current vs Lagged Prices |
| Timeline |
Black Box Lagged Returns
When evaluating Black Box's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Black Box stock have on its future price. Black Box 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, Black Box autocorrelation shows the relationship between Black Box stock current value and its past values and can show if there is a momentum factor associated with investing in Black Box Limited.
Regressed Prices |
| Timeline |
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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 Black Stock Analysis
When running Black Box's price analysis, check to measure Black Box's 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 Black Box is operating at the current time. Most of Black Box's value examination focuses on studying past and present price action to predict the probability of Black Box's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Black Box's price. Additionally, you may evaluate how the addition of Black Box to your portfolios can decrease your overall portfolio volatility.