Fino Payments (India) Market Value
| FINOPB Stock | 370.30 9.40 2.60% |
| Symbol | Fino |
Fino Payments '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 Fino Payments' 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 Fino Payments.
| 11/06/2023 |
| 11/30/2024 |
If you would invest 0.00 in Fino Payments on November 6, 2023 and sell it all today you would earn a total of 0.00 from holding Fino Payments Bank or generate 0.0% return on investment in Fino Payments over 390 days. Fino Payments is related to or competes with Rajnandini Metal, Pilani Investment, Coffee Day, KNR Constructions, Transport, Welspun Investments, and Ankit Metal. Fino Payments is entity of India. It is traded as Stock on NSE exchange. More
Fino Payments 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 Fino Payments' 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 Fino Payments Bank upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 17.99 | |||
| Value At Risk | (4.97) | |||
| Potential Upside | 4.29 |
Fino Payments Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fino Payments' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fino Payments' standard deviation. In reality, there are many statistical measures that can use Fino Payments historical prices to predict the future Fino Payments' volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.61) | |||
| Treynor Ratio | (0.28) |
Fino Payments Bank Backtested Returns
Fino Payments Bank secures Sharpe Ratio (or Efficiency) of -0.0311, which denotes the company had a -0.0311% return per unit of risk over the last 3 months. Fino Payments Bank exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fino Payments' Variance of 8.59, standard deviation of 2.93, and Mean Deviation of 2.25 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.42, which means possible diversification benefits within a given portfolio. As returns on the market increase, Fino Payments' returns are expected to increase less than the market. However, during the bear market, the loss of holding Fino Payments is expected to be smaller as well. At this point, Fino Payments Bank has a negative expected return of -0.0915%. Please make sure to confirm Fino Payments' potential upside, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Fino Payments Bank performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.45 |
Average predictability
Fino Payments Bank has average predictability. Overlapping area represents the amount of predictability between Fino Payments time series from 6th of November 2023 to 19th of May 2024 and 19th of May 2024 to 30th 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 Fino Payments Bank price movement. The serial correlation of 0.45 indicates that just about 45.0% of current Fino Payments price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.45 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 2527.08 |
Fino Payments Bank lagged returns against current returns
Autocorrelation, which is Fino Payments 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 Fino Payments' stock expected returns. We can calculate the autocorrelation of Fino Payments returns to help us make a trade decision. For example, suppose you find that Fino Payments 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 |
Fino Payments 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 Fino Payments stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fino Payments stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fino Payments stock over time.
Current vs Lagged Prices |
| Timeline |
Fino Payments Lagged Returns
When evaluating Fino Payments' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fino Payments stock have on its future price. Fino Payments 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, Fino Payments autocorrelation shows the relationship between Fino Payments stock current value and its past values and can show if there is a momentum factor associated with investing in Fino Payments Bank.
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 Fino Stock
Fino Payments financial ratios help investors to determine whether Fino 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 Fino with respect to the benefits of owning Fino Payments security.