Can Fin (India) Market Value
| CANFINHOME | 842.80 18.80 2.28% |
| Symbol | Can |
Can Fin '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 Can Fin'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 Can Fin.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in Can Fin on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding Can Fin Homes or generate 0.0% return on investment in Can Fin over 720 days. Can Fin is related to or competes with MRF, JSW Holdings, Nalwa Sons, Kalyani Investment, Pilani Investment, and Vardhman Holdings. Can Fin is entity of India. It is traded as Stock on NSE exchange. More
Can Fin 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 Can Fin'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 Can Fin Homes upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.06 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 9.26 | |||
| Value At Risk | (2.83) | |||
| Potential Upside | 2.77 |
Can Fin Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Can Fin's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Can Fin's standard deviation. In reality, there are many statistical measures that can use Can Fin historical prices to predict the future Can Fin's volatility.| Risk Adjusted Performance | 0.0103 | |||
| Jensen Alpha | 0.0532 | |||
| Total Risk Alpha | (0.29) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | (0) |
Can Fin Homes Backtested Returns
Can Fin Homes secures Sharpe Ratio (or Efficiency) of -0.0093, which signifies that the company had a -0.0093% return per unit of risk over the last 3 months. Can Fin Homes exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Can Fin's Downside Deviation of 2.06, mean deviation of 1.43, and Risk Adjusted Performance of 0.0103 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.43, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Can Fin are expected to decrease at a much lower rate. During the bear market, Can Fin is likely to outperform the market. At this point, Can Fin Homes has a negative expected return of -0.0175%. Please make sure to confirm Can Fin's sortino ratio, skewness, price action indicator, as well as the relationship between the potential upside and rate of daily change , to decide if Can Fin Homes performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.73 |
Good predictability
Can Fin Homes has good predictability. Overlapping area represents the amount of predictability between Can Fin time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 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 Can Fin Homes price movement. The serial correlation of 0.73 indicates that around 73.0% of current Can Fin price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 2963.92 |
Can Fin Homes lagged returns against current returns
Autocorrelation, which is Can Fin 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 Can Fin's stock expected returns. We can calculate the autocorrelation of Can Fin returns to help us make a trade decision. For example, suppose you find that Can Fin 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 |
Can Fin 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 Can Fin stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Can Fin stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Can Fin stock over time.
Current vs Lagged Prices |
| Timeline |
Can Fin Lagged Returns
When evaluating Can Fin's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Can Fin stock have on its future price. Can Fin 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, Can Fin autocorrelation shows the relationship between Can Fin stock current value and its past values and can show if there is a momentum factor associated with investing in Can Fin Homes.
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 Can Stock
Can Fin financial ratios help investors to determine whether Can 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 Can with respect to the benefits of owning Can Fin security.