Britannia Industries (India) Market Value
| BRITANNIA | 4,941 17.50 0.36% |
| Symbol | Britannia |
Britannia 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 Britannia 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 Britannia Industries.
| 01/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in Britannia Industries on January 9, 2023 and sell it all today you would earn a total of 0.00 from holding Britannia Industries Limited or generate 0.0% return on investment in Britannia Industries over 690 days. Britannia Industries is related to or competes with Global Health, Entero Healthcare, Fortis Healthcare, Agro Tech, Bajaj Healthcare, Kohinoor Foods, and MEDI ASSIST. Britannia Industries is entity of India. It is traded as Stock on NSE exchange. More
Britannia 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 Britannia 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 Britannia Industries Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 9.74 | |||
| Value At Risk | (2.37) | |||
| Potential Upside | 1.7 |
Britannia Industries Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Britannia Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Britannia Industries' standard deviation. In reality, there are many statistical measures that can use Britannia Industries historical prices to predict the future Britannia Industries' volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.29) | |||
| Total Risk Alpha | (0.49) | |||
| Treynor Ratio | (0.65) |
Britannia Industries Backtested Returns
Britannia Industries secures Sharpe Ratio (or Efficiency) of -0.17, which signifies that the company had a -0.17% return per unit of risk over the last 3 months. Britannia Industries Limited exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Britannia Industries' Mean Deviation of 1.17, risk adjusted performance of (0.10), and Standard Deviation of 1.64 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, Britannia Industries' returns are expected to increase less than the market. However, during the bear market, the loss of holding Britannia Industries is expected to be smaller as well. At this point, Britannia Industries has a negative expected return of -0.28%. Please make sure to confirm Britannia Industries' 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 Britannia Industries performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.22 |
Weak predictability
Britannia Industries Limited has weak predictability. Overlapping area represents the amount of predictability between Britannia Industries time series from 9th of January 2023 to 20th of December 2023 and 20th of December 2023 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 Britannia Industries price movement. The serial correlation of 0.22 indicates that over 22.0% of current Britannia Industries price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.22 | |
| Spearman Rank Test | 0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 218.5 K |
Britannia Industries lagged returns against current returns
Autocorrelation, which is Britannia 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 Britannia Industries' stock expected returns. We can calculate the autocorrelation of Britannia Industries returns to help us make a trade decision. For example, suppose you find that Britannia 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 |
Britannia 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 Britannia Industries stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Britannia Industries stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Britannia Industries stock over time.
Current vs Lagged Prices |
| Timeline |
Britannia Industries Lagged Returns
When evaluating Britannia Industries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Britannia Industries stock have on its future price. Britannia 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, Britannia Industries autocorrelation shows the relationship between Britannia Industries stock current value and its past values and can show if there is a momentum factor associated with investing in Britannia 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.Other Information on Investing in Britannia Stock
Britannia Industries financial ratios help investors to determine whether Britannia 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 Britannia with respect to the benefits of owning Britannia Industries security.