Hatsun Agro (India) Market Value
| HATSUN Stock | 1,071 3.20 0.30% |
| Symbol | Hatsun |
Hatsun Agro '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 Hatsun Agro'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 Hatsun Agro.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Hatsun Agro on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Hatsun Agro Product or generate 0.0% return on investment in Hatsun Agro over 30 days. Hatsun Agro is related to or competes with Dev Information, Aster DM, Yatharth Hospital, Bajaj Healthcare, General Insuranceof, Life Insurance, and Apollo Hospitals. Hatsun Agro is entity of India. It is traded as Stock on NSE exchange. More
Hatsun Agro 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 Hatsun Agro'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 Hatsun Agro Product upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 11.39 | |||
| Value At Risk | (3.73) | |||
| Potential Upside | 2.46 |
Hatsun Agro Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hatsun Agro's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hatsun Agro's standard deviation. In reality, there are many statistical measures that can use Hatsun Agro historical prices to predict the future Hatsun Agro's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (0.62) | |||
| Treynor Ratio | 0.8486 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hatsun Agro's 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.
Hatsun Agro Product Backtested Returns
Hatsun Agro Product holds Efficiency (Sharpe) Ratio of -0.14, which attests that the entity had a -0.14% return per unit of risk over the last 3 months. Hatsun Agro Product exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hatsun Agro's Market Risk Adjusted Performance of 0.8586, risk adjusted performance of (0.10), and Standard Deviation of 2.05 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.36, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Hatsun Agro are expected to decrease at a much lower rate. During the bear market, Hatsun Agro is likely to outperform the market. At this point, Hatsun Agro Product has a negative expected return of -0.3%. Please make sure to check out Hatsun Agro's maximum drawdown, daily balance of power, as well as the relationship between the Daily Balance Of Power and period momentum indicator , to decide if Hatsun Agro Product performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.57 |
Good reverse predictability
Hatsun Agro Product has good reverse predictability. Overlapping area represents the amount of predictability between Hatsun Agro time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Hatsun Agro Product price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current Hatsun Agro price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 183.29 |
Hatsun Agro Product lagged returns against current returns
Autocorrelation, which is Hatsun Agro 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 Hatsun Agro's stock expected returns. We can calculate the autocorrelation of Hatsun Agro returns to help us make a trade decision. For example, suppose you find that Hatsun Agro 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 |
Hatsun Agro 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 Hatsun Agro stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hatsun Agro stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hatsun Agro stock over time.
Current vs Lagged Prices |
| Timeline |
Hatsun Agro Lagged Returns
When evaluating Hatsun Agro's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hatsun Agro stock have on its future price. Hatsun Agro 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, Hatsun Agro autocorrelation shows the relationship between Hatsun Agro stock current value and its past values and can show if there is a momentum factor associated with investing in Hatsun Agro Product.
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 Hatsun Stock
Hatsun Agro financial ratios help investors to determine whether Hatsun 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 Hatsun with respect to the benefits of owning Hatsun Agro security.