EID Parry (India) Market Value
| EIDPARRY | 864.90 33.60 4.04% |
| Symbol | EID |
EID Parry '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 EID Parry'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 EID Parry.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in EID Parry on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding EID Parry India or generate 0.0% return on investment in EID Parry over 510 days. EID Parry is related to or competes with Central Bank, Indraprastha Medical, Union Bank, Kilitch Drugs, JM Financial, Tamilnad Mercantile, and General Insurance. EID Parry is entity of India. It is traded as Stock on NSE exchange. More
EID Parry 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 EID Parry'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 EID Parry India upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.14 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 9.18 | |||
| Value At Risk | (3.46) | |||
| Potential Upside | 3.61 |
EID Parry Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EID Parry's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EID Parry's standard deviation. In reality, there are many statistical measures that can use EID Parry historical prices to predict the future EID Parry's volatility.| Risk Adjusted Performance | 0.0516 | |||
| Jensen Alpha | 0.1027 | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 1.05 |
EID Parry India Backtested Returns
Currently, EID Parry India is very steady. EID Parry India secures Sharpe Ratio (or Efficiency) of 0.0574, which denotes the company had a 0.0574% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for EID Parry India, which you can use to evaluate the volatility of the firm. Please confirm EID Parry's Downside Deviation of 2.14, mean deviation of 1.53, and Coefficient Of Variation of 1692.48 to check if the risk estimate we provide is consistent with the expected return of 0.13%. EID Parry has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.11, which means not very significant fluctuations relative to the market. As returns on the market increase, EID Parry's returns are expected to increase less than the market. However, during the bear market, the loss of holding EID Parry is expected to be smaller as well. EID Parry India at this time shows a risk of 2.19%. Please confirm EID Parry India treynor ratio, expected short fall, and the relationship between the jensen alpha and potential upside , to decide if EID Parry India will be following its price patterns.
Auto-correlation | 0.69 |
Good predictability
EID Parry India has good predictability. Overlapping area represents the amount of predictability between EID Parry time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th 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 EID Parry India price movement. The serial correlation of 0.69 indicates that around 69.0% of current EID Parry price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.69 | |
| Spearman Rank Test | 0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 8438.26 |
EID Parry India lagged returns against current returns
Autocorrelation, which is EID Parry 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 EID Parry's stock expected returns. We can calculate the autocorrelation of EID Parry returns to help us make a trade decision. For example, suppose you find that EID Parry 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 |
EID Parry 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 EID Parry stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EID Parry stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EID Parry stock over time.
Current vs Lagged Prices |
| Timeline |
EID Parry Lagged Returns
When evaluating EID Parry's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EID Parry stock have on its future price. EID Parry 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, EID Parry autocorrelation shows the relationship between EID Parry stock current value and its past values and can show if there is a momentum factor associated with investing in EID Parry India.
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.Additional Tools for EID Stock Analysis
When running EID Parry's price analysis, check to measure EID Parry's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy EID Parry is operating at the current time. Most of EID Parry's value examination focuses on studying past and present price action to predict the probability of EID Parry's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EID Parry's price. Additionally, you may evaluate how the addition of EID Parry to your portfolios can decrease your overall portfolio volatility.