Happiest Minds (India) Market Value
| HAPPSTMNDS | 721.35 1.15 0.16% |
| Symbol | Happiest |
Happiest Minds '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 Happiest Minds' 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 Happiest Minds.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Happiest Minds on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding Happiest Minds Technologies or generate 0.0% return on investment in Happiest Minds over 30 days. Happiest Minds is related to or competes with Sintex Plastics, Indian Metals, Clean Science, Golden Tobacco, OnMobile Global, Tamilnadu Telecommunicatio, and Sarthak Metals. Happiest Minds is entity of India. It is traded as Stock on NSE exchange. More
Happiest Minds 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 Happiest Minds' 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 Happiest Minds Technologies upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.27) | |||
| Maximum Drawdown | 5.66 | |||
| Value At Risk | (1.78) | |||
| Potential Upside | 1.8 |
Happiest Minds Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Happiest Minds' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Happiest Minds' standard deviation. In reality, there are many statistical measures that can use Happiest Minds historical prices to predict the future Happiest Minds' volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.33) | |||
| Treynor Ratio | 16.21 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Happiest Minds' 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.
Happiest Minds Techn Backtested Returns
Happiest Minds Techn holds Efficiency (Sharpe) Ratio of -0.16, which attests that the entity had a -0.16% return per unit of risk over the last 3 months. Happiest Minds Techn exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Happiest Minds' Market Risk Adjusted Performance of 16.22, standard deviation of 1.07, and Risk Adjusted Performance of (0.11) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.0101, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Happiest Minds are expected to decrease at a much lower rate. During the bear market, Happiest Minds is likely to outperform the market. At this point, Happiest Minds Techn has a negative expected return of -0.16%. Please make sure to check out Happiest Minds' total risk alpha, kurtosis, as well as the relationship between the Kurtosis and market facilitation index , to decide if Happiest Minds Techn performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.39 |
Poor reverse predictability
Happiest Minds Technologies has poor reverse predictability. Overlapping area represents the amount of predictability between Happiest Minds time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 to 24th 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 Happiest Minds Techn price movement. The serial correlation of -0.39 indicates that just about 39.0% of current Happiest Minds price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 218.06 |
Happiest Minds Techn lagged returns against current returns
Autocorrelation, which is Happiest Minds 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 Happiest Minds' stock expected returns. We can calculate the autocorrelation of Happiest Minds returns to help us make a trade decision. For example, suppose you find that Happiest Minds 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 |
Happiest Minds 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 Happiest Minds stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Happiest Minds stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Happiest Minds stock over time.
Current vs Lagged Prices |
| Timeline |
Happiest Minds Lagged Returns
When evaluating Happiest Minds' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Happiest Minds stock have on its future price. Happiest Minds 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, Happiest Minds autocorrelation shows the relationship between Happiest Minds stock current value and its past values and can show if there is a momentum factor associated with investing in Happiest Minds Technologies.
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 Happiest Stock
Happiest Minds financial ratios help investors to determine whether Happiest 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 Happiest with respect to the benefits of owning Happiest Minds security.