EIH Associated (India) Market Value
| EIHAHOTELS | 382.10 0.05 0.01% |
| Symbol | EIH |
EIH Associated '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 EIH Associated'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 EIH Associated.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in EIH Associated on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding EIH Associated Hotels or generate 0.0% return on investment in EIH Associated over 30 days. EIH Associated is related to or competes with Nalwa Sons, State Trading, Mangalam Drugs, Bombay Burmah, Network18 Media, and Dhunseri Investments. EIH Associated is entity of India. It is traded as Stock on NSE exchange. More
EIH Associated 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 EIH Associated'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 EIH Associated Hotels upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 12.15 | |||
| Value At Risk | (3.88) | |||
| Potential Upside | 3.88 |
EIH Associated Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EIH Associated's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EIH Associated's standard deviation. In reality, there are many statistical measures that can use EIH Associated historical prices to predict the future EIH Associated's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.50) | |||
| Treynor Ratio | (2.30) |
EIH Associated Hotels Backtested Returns
EIH Associated Hotels secures Sharpe Ratio (or Efficiency) of -0.0236, which denotes the company had a -0.0236% return per unit of return volatility over the last 3 months. EIH Associated Hotels exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm EIH Associated's mean deviation of 1.68, and Standard Deviation of 2.33 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0591, which means not very significant fluctuations relative to the market. As returns on the market increase, EIH Associated's returns are expected to increase less than the market. However, during the bear market, the loss of holding EIH Associated is expected to be smaller as well. At this point, EIH Associated Hotels has a negative expected return of -0.0549%. Please make sure to confirm EIH Associated's total risk alpha, kurtosis, market facilitation index, as well as the relationship between the value at risk and rate of daily change , to decide if EIH Associated Hotels performance from the past will be repeated in the future.
Auto-correlation | 0.57 |
Modest predictability
EIH Associated Hotels has modest predictability. Overlapping area represents the amount of predictability between EIH Associated time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 EIH Associated Hotels price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current EIH Associated price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 25.63 |
EIH Associated Hotels lagged returns against current returns
Autocorrelation, which is EIH Associated 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 EIH Associated's stock expected returns. We can calculate the autocorrelation of EIH Associated returns to help us make a trade decision. For example, suppose you find that EIH Associated 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 |
EIH Associated 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 EIH Associated stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EIH Associated stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EIH Associated stock over time.
Current vs Lagged Prices |
| Timeline |
EIH Associated Lagged Returns
When evaluating EIH Associated's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EIH Associated stock have on its future price. EIH Associated 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, EIH Associated autocorrelation shows the relationship between EIH Associated stock current value and its past values and can show if there is a momentum factor associated with investing in EIH Associated Hotels.
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.Additional Tools for EIH Stock Analysis
When running EIH Associated's price analysis, check to measure EIH Associated'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 EIH Associated is operating at the current time. Most of EIH Associated's value examination focuses on studying past and present price action to predict the probability of EIH Associated's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EIH Associated's price. Additionally, you may evaluate how the addition of EIH Associated to your portfolios can decrease your overall portfolio volatility.