Cartrade Tech (India) Market Value
| CARTRADE | 1,341 48.40 3.74% |
| Symbol | Cartrade |
Cartrade Tech '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 Cartrade Tech'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 Cartrade Tech.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Cartrade Tech on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Cartrade Tech Limited or generate 0.0% return on investment in Cartrade Tech over 30 days. Cartrade Tech is related to or competes with Kingfa Science, Rico Auto, GACM Technologies, COSMO FIRST, Delta Manufacturing, Tribhovandas Bhimji, and Parag Milk. Cartrade Tech is entity of India. It is traded as Stock on NSE exchange. More
Cartrade Tech 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 Cartrade Tech'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 Cartrade Tech Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.65 | |||
| Information Ratio | 0.1397 | |||
| Maximum Drawdown | 13.6 | |||
| Value At Risk | (4.23) | |||
| Potential Upside | 5.83 |
Cartrade Tech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cartrade Tech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cartrade Tech's standard deviation. In reality, there are many statistical measures that can use Cartrade Tech historical prices to predict the future Cartrade Tech's volatility.| Risk Adjusted Performance | 0.1458 | |||
| Jensen Alpha | 0.5343 | |||
| Total Risk Alpha | 0.0703 | |||
| Sortino Ratio | 0.1649 | |||
| Treynor Ratio | 3.2 |
Cartrade Tech Limited Backtested Returns
Cartrade Tech appears to be very steady, given 3 months investment horizon. Cartrade Tech Limited 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. By analyzing Cartrade Tech's technical indicators, you can evaluate if the expected return of 0.78% is justified by implied risk. Please makes use of Cartrade Tech's Downside Deviation of 2.65, mean deviation of 2.46, and Risk Adjusted Performance of 0.1458 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Cartrade Tech holds a performance score of 19. The firm shows a Beta (market volatility) of 0.17, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Cartrade Tech's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cartrade Tech is expected to be smaller as well. Please check Cartrade Tech's value at risk, as well as the relationship between the kurtosis and market facilitation index , to make a quick decision on whether Cartrade Tech's price patterns will revert.
Auto-correlation | 0.77 |
Good predictability
Cartrade Tech Limited has good predictability. Overlapping area represents the amount of predictability between Cartrade Tech time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Cartrade Tech Limited price movement. The serial correlation of 0.77 indicates that around 77.0% of current Cartrade Tech price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 3694.59 |
Cartrade Tech Limited lagged returns against current returns
Autocorrelation, which is Cartrade Tech 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 Cartrade Tech's stock expected returns. We can calculate the autocorrelation of Cartrade Tech returns to help us make a trade decision. For example, suppose you find that Cartrade Tech 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 |
Cartrade Tech 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 Cartrade Tech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cartrade Tech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cartrade Tech stock over time.
Current vs Lagged Prices |
| Timeline |
Cartrade Tech Lagged Returns
When evaluating Cartrade Tech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cartrade Tech stock have on its future price. Cartrade Tech 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, Cartrade Tech autocorrelation shows the relationship between Cartrade Tech stock current value and its past values and can show if there is a momentum factor associated with investing in Cartrade Tech 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 Cartrade Stock
Cartrade Tech financial ratios help investors to determine whether Cartrade 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 Cartrade with respect to the benefits of owning Cartrade Tech security.