Devyani International (India) Market Value
| DEVYANI Stock | 165.23 0.41 0.25% |
| Symbol | Devyani |
Devyani 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 Devyani 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 Devyani International.
| 06/10/2023 |
| 12/01/2024 |
If you would invest 0.00 in Devyani International on June 10, 2023 and sell it all today you would earn a total of 0.00 from holding Devyani International Limited or generate 0.0% return on investment in Devyani International over 540 days. Devyani International is related to or competes with Hisar Metal, Silver Touch, Lakshmi Finance, IdeaForge Technology, Shyam Metalics, FCS Software, and LT Technology. Devyani International is entity of India More
Devyani 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 Devyani 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 Devyani International Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 11.53 | |||
| Value At Risk | (3.32) | |||
| Potential Upside | 4.11 |
Devyani International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Devyani International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Devyani International's standard deviation. In reality, there are many statistical measures that can use Devyani International historical prices to predict the future Devyani International's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.48) | |||
| Treynor Ratio | (0.21) |
Devyani International Backtested Returns
Devyani International secures Sharpe Ratio (or Efficiency) of -0.0325, which denotes the company had a -0.0325% return per unit of risk over the last 3 months. Devyani International Limited exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Devyani International's Variance of 4.93, standard deviation of 2.22, and Mean Deviation of 1.65 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.51, which means possible diversification benefits within a given portfolio. As returns on the market increase, Devyani International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Devyani International is expected to be smaller as well. At this point, Devyani International has a negative expected return of -0.073%. Please make sure to confirm Devyani International's kurtosis, as well as the relationship between the day median price and period momentum indicator , to decide if Devyani International performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.06 |
Very weak reverse predictability
Devyani International Limited has very weak reverse predictability. Overlapping area represents the amount of predictability between Devyani International time series from 10th of June 2023 to 6th of March 2024 and 6th of March 2024 to 1st of December 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 Devyani International price movement. The serial correlation of -0.06 indicates that barely 6.0% of current Devyani International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 169.15 |
Devyani International lagged returns against current returns
Autocorrelation, which is Devyani 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 Devyani International's stock expected returns. We can calculate the autocorrelation of Devyani International returns to help us make a trade decision. For example, suppose you find that Devyani 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 |
Devyani 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 Devyani International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Devyani International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Devyani International stock over time.
Current vs Lagged Prices |
| Timeline |
Devyani International Lagged Returns
When evaluating Devyani International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Devyani International stock have on its future price. Devyani 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, Devyani International autocorrelation shows the relationship between Devyani International stock current value and its past values and can show if there is a momentum factor associated with investing in Devyani 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 Devyani Stock
Devyani International financial ratios help investors to determine whether Devyani 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 Devyani with respect to the benefits of owning Devyani International security.