California Software (India) Market Value
| CALSOFT Stock | 17.59 0.60 3.30% |
| Symbol | California |
California Software '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 California Software'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 California Software.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in California Software on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding California Software or generate 0.0% return on investment in California Software over 30 days. California Software is related to or competes with Divis Laboratories, Indo Borax, Kingfa Science, Alkali Metals, Gravita India, KNR Constructions, and Rico Auto. California Software is entity of India. It is traded as Stock on NSE exchange. More
California Software 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 California Software'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 California Software upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 14.99 | |||
| Value At Risk | (5.00) | |||
| Potential Upside | 4.99 |
California Software Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for California Software's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as California Software's standard deviation. In reality, there are many statistical measures that can use California Software historical prices to predict the future California Software's volatility.| Risk Adjusted Performance | 0.0044 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.49) | |||
| Treynor Ratio | 0.1988 |
California Software Backtested Returns
California Software secures Sharpe Ratio (or Efficiency) of -0.12, which signifies that the company had a -0.12% return per unit of risk over the last 3 months. California Software exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm California Software's Standard Deviation of 3.52, risk adjusted performance of 0.0044, and Mean Deviation of 2.79 to double-check the risk estimate we provide. 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, returns on owning California Software are expected to decrease at a much lower rate. During the bear market, California Software is likely to outperform the market. At this point, California Software has a negative expected return of -0.37%. Please make sure to confirm California Software's value at risk, as well as the relationship between the daily balance of power and period momentum indicator , to decide if California Software performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.31 |
Poor reverse predictability
California Software has poor reverse predictability. Overlapping area represents the amount of predictability between California Software time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 California Software price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current California Software price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.25 |
California Software lagged returns against current returns
Autocorrelation, which is California Software 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 California Software's stock expected returns. We can calculate the autocorrelation of California Software returns to help us make a trade decision. For example, suppose you find that California Software 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 |
California Software 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 California Software stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if California Software stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in California Software stock over time.
Current vs Lagged Prices |
| Timeline |
California Software Lagged Returns
When evaluating California Software's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of California Software stock have on its future price. California Software 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, California Software autocorrelation shows the relationship between California Software stock current value and its past values and can show if there is a momentum factor associated with investing in California Software.
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 California Stock Analysis
When running California Software's price analysis, check to measure California Software'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 California Software is operating at the current time. Most of California Software's value examination focuses on studying past and present price action to predict the probability of California Software's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move California Software's price. Additionally, you may evaluate how the addition of California Software to your portfolios can decrease your overall portfolio volatility.