Bikaji Foods (India) Market Value
| BIKAJI Stock | 769.30 35.05 4.77% |
| Symbol | Bikaji |
Bikaji Foods '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 Bikaji Foods' 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 Bikaji Foods.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Bikaji Foods on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Bikaji Foods International or generate 0.0% return on investment in Bikaji Foods over 30 days. Bikaji Foods is related to or competes with Associated Alcohols, Ravi Kumar, Dev Information, Nucleus Software, Kingfa Science, Manaksia Coated, and Sintex Plastics. Bikaji Foods is entity of India. It is traded as Stock on NSE exchange. More
Bikaji Foods 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 Bikaji Foods' 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 Bikaji Foods International upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 12.74 | |||
| Value At Risk | (3.89) | |||
| Potential Upside | 3.4 |
Bikaji Foods Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bikaji Foods' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bikaji Foods' standard deviation. In reality, there are many statistical measures that can use Bikaji Foods historical prices to predict the future Bikaji Foods' volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.29) | |||
| Total Risk Alpha | (0.59) | |||
| Treynor Ratio | (0.33) |
Bikaji Foods Interna Backtested Returns
Bikaji Foods Interna secures Sharpe Ratio (or Efficiency) of -0.0363, which signifies that the company had a -0.0363% return per unit of risk over the last 3 months. Bikaji Foods International exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bikaji Foods' Mean Deviation of 1.88, risk adjusted performance of (0.06), and Standard Deviation of 2.41 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.63, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Bikaji Foods' returns are expected to increase less than the market. However, during the bear market, the loss of holding Bikaji Foods is expected to be smaller as well. At this point, Bikaji Foods Interna has a negative expected return of -0.0927%. Please make sure to confirm Bikaji Foods' 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 Bikaji Foods Interna performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.79 |
Almost perfect reverse predictability
Bikaji Foods International has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Bikaji Foods 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 Bikaji Foods Interna price movement. The serial correlation of -0.79 indicates that around 79.0% of current Bikaji Foods price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.79 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 2134.33 |
Bikaji Foods Interna lagged returns against current returns
Autocorrelation, which is Bikaji Foods 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 Bikaji Foods' stock expected returns. We can calculate the autocorrelation of Bikaji Foods returns to help us make a trade decision. For example, suppose you find that Bikaji Foods 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 |
Bikaji Foods 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 Bikaji Foods stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bikaji Foods stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bikaji Foods stock over time.
Current vs Lagged Prices |
| Timeline |
Bikaji Foods Lagged Returns
When evaluating Bikaji Foods' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bikaji Foods stock have on its future price. Bikaji Foods 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, Bikaji Foods autocorrelation shows the relationship between Bikaji Foods stock current value and its past values and can show if there is a momentum factor associated with investing in Bikaji Foods International.
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 Bikaji Stock
Bikaji Foods financial ratios help investors to determine whether Bikaji 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 Bikaji with respect to the benefits of owning Bikaji Foods security.