Exide Industries (India) Market Value
| EXIDEIND | 415.35 6.15 1.46% |
| Symbol | Exide |
Exide Industries '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 Exide Industries' 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 Exide Industries.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Exide Industries on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Exide Industries Limited or generate 0.0% return on investment in Exide Industries over 720 days. Exide Industries is related to or competes with Nucleus Software, Kotak Mahindra, Keynote Financial, City Union, Compucom Software, Kingfa Science, and Music Broadcast. Exide Industries is entity of India. It is traded as Stock on NSE exchange. More
Exide Industries 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 Exide Industries' 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 Exide Industries Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 10.76 | |||
| Value At Risk | (3.09) | |||
| Potential Upside | 3.15 |
Exide Industries Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Exide Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Exide Industries' standard deviation. In reality, there are many statistical measures that can use Exide Industries historical prices to predict the future Exide Industries' volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (0.53) | |||
| Treynor Ratio | (5.05) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Exide Industries' 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.
Exide Industries Backtested Returns
Exide Industries secures Sharpe Ratio (or Efficiency) of -0.13, which denotes the company had a -0.13% return per unit of risk over the last 3 months. Exide Industries Limited exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Exide Industries' Standard Deviation of 2.08, variance of 4.32, and Mean Deviation of 1.6 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0515, which means not very significant fluctuations relative to the market. As returns on the market increase, Exide Industries' returns are expected to increase less than the market. However, during the bear market, the loss of holding Exide Industries is expected to be smaller as well. At this point, Exide Industries has a negative expected return of -0.27%. Please make sure to confirm Exide Industries' 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 Exide Industries performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.73 |
Good predictability
Exide Industries Limited has good predictability. Overlapping area represents the amount of predictability between Exide Industries time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 Exide Industries price movement. The serial correlation of 0.73 indicates that around 73.0% of current Exide Industries price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 8583.78 |
Exide Industries lagged returns against current returns
Autocorrelation, which is Exide Industries 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 Exide Industries' stock expected returns. We can calculate the autocorrelation of Exide Industries returns to help us make a trade decision. For example, suppose you find that Exide Industries 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 |
Exide Industries 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 Exide Industries stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Exide Industries stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Exide Industries stock over time.
Current vs Lagged Prices |
| Timeline |
Exide Industries Lagged Returns
When evaluating Exide Industries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Exide Industries stock have on its future price. Exide Industries 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, Exide Industries autocorrelation shows the relationship between Exide Industries stock current value and its past values and can show if there is a momentum factor associated with investing in Exide Industries 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 Exide Stock
Exide Industries financial ratios help investors to determine whether Exide 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 Exide with respect to the benefits of owning Exide Industries security.