Choice International (India) Market Value
| CHOICEIN | 530.30 4.15 0.79% |
| Symbol | Choice |
Choice International '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 Choice International'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 Choice International.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Choice International on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Choice International Limited or generate 0.0% return on investment in Choice International over 180 days. Choice International is related to or competes with Nalwa Sons, Kalyani Investment, Pilani Investment, Vardhman Holdings, and Summit Securities. Choice International is entity of India. It is traded as Stock on NSE exchange. More
Choice International 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 Choice International'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 Choice International Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.74 | |||
| Information Ratio | 0.1047 | |||
| Maximum Drawdown | 8.08 | |||
| Value At Risk | (3.13) | |||
| Potential Upside | 3.08 |
Choice International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Choice International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Choice International's standard deviation. In reality, there are many statistical measures that can use Choice International historical prices to predict the future Choice International's volatility.| Risk Adjusted Performance | 0.1431 | |||
| Jensen Alpha | 0.2837 | |||
| Total Risk Alpha | 0.0133 | |||
| Sortino Ratio | 0.1109 | |||
| Treynor Ratio | 1.12 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Choice International'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.
Choice International Backtested Returns
Choice International appears to be very steady, given 3 months investment horizon. Choice International secures Sharpe Ratio (or Efficiency) of 0.16, which signifies that the company had a 0.16% return per unit of risk over the last 3 months. We have found thirty technical indicators for Choice International Limited, which you can use to evaluate the volatility of the firm. Please makes use of Choice International's Mean Deviation of 1.41, risk adjusted performance of 0.1431, and Downside Deviation of 1.74 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Choice International holds a performance score of 12. The firm shows a Beta (market volatility) of 0.29, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Choice International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Choice International is expected to be smaller as well. Please check Choice International's total risk alpha, downside variance, daily balance of power, as well as the relationship between the maximum drawdown and skewness , to make a quick decision on whether Choice International's price patterns will revert.
Auto-correlation | 0.73 |
Good predictability
Choice International Limited has good predictability. Overlapping area represents the amount of predictability between Choice International time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 Choice International price movement. The serial correlation of 0.73 indicates that around 73.0% of current Choice International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 883.57 |
Choice International lagged returns against current returns
Autocorrelation, which is Choice International 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 Choice International's stock expected returns. We can calculate the autocorrelation of Choice International returns to help us make a trade decision. For example, suppose you find that Choice International 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 |
Choice International 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 Choice International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Choice International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Choice International stock over time.
Current vs Lagged Prices |
| Timeline |
Choice International Lagged Returns
When evaluating Choice International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Choice International stock have on its future price. Choice International 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, Choice International autocorrelation shows the relationship between Choice International stock current value and its past values and can show if there is a momentum factor associated with investing in Choice International 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 Choice Stock
Choice International financial ratios help investors to determine whether Choice 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 Choice with respect to the benefits of owning Choice International security.