Bombay Dyeing (India) Market Value
| BOMDYEING | 138.14 1.17 0.84% |
| Symbol | Bombay |
Bombay Dyeing '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 Bombay Dyeing'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 Bombay Dyeing.
| 06/01/2024 |
| 02/26/2025 |
If you would invest 0.00 in Bombay Dyeing on June 1, 2024 and sell it all today you would earn a total of 0.00 from holding Bombay Dyeing Mfg or generate 0.0% return on investment in Bombay Dyeing over 270 days. Bombay Dyeing is related to or competes with Sri Havisha, Country Club, Akme Fintrade, Sindhu Trade, Byke Hospitality, Global Health, and Healthcare Global. Bombay Dyeing is entity of India. It is traded as Stock on NSE exchange. More
Bombay Dyeing 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 Bombay Dyeing'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 Bombay Dyeing Mfg upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 11.56 | |||
| Value At Risk | (4.84) | |||
| Potential Upside | 3.91 |
Bombay Dyeing Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bombay Dyeing's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bombay Dyeing's standard deviation. In reality, there are many statistical measures that can use Bombay Dyeing historical prices to predict the future Bombay Dyeing's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.55) | |||
| Total Risk Alpha | (0.56) | |||
| Treynor Ratio | (1.48) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Bombay Dyeing's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Bombay Dyeing Mfg Backtested Returns
Bombay Dyeing Mfg secures Sharpe Ratio (or Efficiency) of -0.25, which signifies that the company had a -0.25 % return per unit of risk over the last 3 months. Bombay Dyeing Mfg exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bombay Dyeing's Standard Deviation of 2.68, mean deviation of 2.11, and Risk Adjusted Performance of (0.14) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.37, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Bombay Dyeing's returns are expected to increase less than the market. However, during the bear market, the loss of holding Bombay Dyeing is expected to be smaller as well. At this point, Bombay Dyeing Mfg has a negative expected return of -0.67%. Please make sure to confirm Bombay Dyeing's standard deviation, potential upside, as well as the relationship between the Potential Upside and day median price , to decide if Bombay Dyeing Mfg performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.52 |
Good reverse predictability
Bombay Dyeing Mfg has good reverse predictability. Overlapping area represents the amount of predictability between Bombay Dyeing time series from 1st of June 2024 to 14th of October 2024 and 14th of October 2024 to 26th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Bombay Dyeing Mfg price movement. The serial correlation of -0.52 indicates that about 52.0% of current Bombay Dyeing price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.52 | |
| Spearman Rank Test | -0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 987.86 |
Bombay Dyeing Mfg lagged returns against current returns
Autocorrelation, which is Bombay Dyeing 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 Bombay Dyeing's stock expected returns. We can calculate the autocorrelation of Bombay Dyeing returns to help us make a trade decision. For example, suppose you find that Bombay Dyeing 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 |
Bombay Dyeing 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 Bombay Dyeing stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bombay Dyeing stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bombay Dyeing stock over time.
Current vs Lagged Prices |
| Timeline |
Bombay Dyeing Lagged Returns
When evaluating Bombay Dyeing's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bombay Dyeing stock have on its future price. Bombay Dyeing 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, Bombay Dyeing autocorrelation shows the relationship between Bombay Dyeing stock current value and its past values and can show if there is a momentum factor associated with investing in Bombay Dyeing Mfg.
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 Bombay Stock
Bombay Dyeing financial ratios help investors to determine whether Bombay 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 Bombay with respect to the benefits of owning Bombay Dyeing security.