Cyient (India) Market Value
| CYIENT Stock | 1,858 30.20 1.60% |
| Symbol | Cyient |
Cyient '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 Cyient'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 Cyient.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Cyient on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Cyient Limited or generate 0.0% return on investment in Cyient over 30 days. Cyient is related to or competes with Indian Railway, Cholamandalam Financial, Reliance Industries, Tata Consultancy, and Piramal Enterprises. Cyient is entity of India. It is traded as Stock on NSE exchange. More
Cyient 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 Cyient'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 Cyient Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 7.97 | |||
| Value At Risk | (2.83) | |||
| Potential Upside | 2.85 |
Cyient Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cyient's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cyient's standard deviation. In reality, there are many statistical measures that can use Cyient historical prices to predict the future Cyient's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.31) | |||
| Treynor Ratio | (0.09) |
Cyient Limited Backtested Returns
Cyient Limited secures Sharpe Ratio (or Efficiency) of -0.0233, which signifies that the company had a -0.0233% return per unit of risk over the last 3 months. Cyient Limited exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cyient's Mean Deviation of 1.46, risk adjusted performance of (0.01), and Standard Deviation of 1.8 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.44, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Cyient's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cyient is expected to be smaller as well. At this point, Cyient Limited has a negative expected return of -0.0425%. Please make sure to confirm Cyient's maximum drawdown, as well as the relationship between the accumulation distribution and market facilitation index , to decide if Cyient Limited performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.77 |
Good predictability
Cyient Limited has good predictability. Overlapping area represents the amount of predictability between Cyient time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Cyient Limited price movement. The serial correlation of 0.77 indicates that around 77.0% of current Cyient price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 1441.77 |
Cyient Limited lagged returns against current returns
Autocorrelation, which is Cyient 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 Cyient's stock expected returns. We can calculate the autocorrelation of Cyient returns to help us make a trade decision. For example, suppose you find that Cyient 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 |
Cyient 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 Cyient stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cyient stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cyient stock over time.
Current vs Lagged Prices |
| Timeline |
Cyient Lagged Returns
When evaluating Cyient's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cyient stock have on its future price. Cyient 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, Cyient autocorrelation shows the relationship between Cyient stock current value and its past values and can show if there is a momentum factor associated with investing in Cyient Limited.
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.Other Information on Investing in Cyient Stock
Cyient financial ratios help investors to determine whether Cyient 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 Cyient with respect to the benefits of owning Cyient security.