Hindustan Construction's market value is the price at which a share of Hindustan Construction trades on a public exchange. It measures the collective expectations of Hindustan Construction investors about its performance. Hindustan Construction is trading at 34.88 as of the 19th of January 2025, a 2.74 percent increase since the beginning of the trading day. The stock's lowest day price was 33.63. With this module, you can estimate the performance of a buy and hold strategy of Hindustan Construction and determine expected loss or profit from investing in Hindustan Construction over a given investment horizon. Check out Hindustan Construction Correlation, Hindustan Construction Volatility and Hindustan Construction Alpha and Beta module to complement your research on Hindustan Construction.
Please note, there is a significant difference between Hindustan Construction's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hindustan Construction is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hindustan Construction's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Hindustan Construction '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 Hindustan Construction'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 Hindustan Construction.
0.00
12/20/2024
No Change 0.00
0.0
In 30 days
01/19/2025
0.00
If you would invest 0.00 in Hindustan Construction on December 20, 2024 and sell it all today you would earn a total of 0.00 from holding Hindustan Construction or generate 0.0% return on investment in Hindustan Construction over 30 days. Hindustan Construction is related to or competes with Entertainment Network, Total Transport, Imagicaaworld Entertainment, Baazar Style, and Future Retail. Hindustan Construction is entity of India More
Hindustan Construction 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 Hindustan Construction'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 Hindustan Construction upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hindustan Construction's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hindustan Construction's standard deviation. In reality, there are many statistical measures that can use Hindustan Construction historical prices to predict the future Hindustan Construction's volatility.
Hindustan Construction holds Efficiency (Sharpe) Ratio of -0.0459, which attests that the entity had a -0.0459% return per unit of risk over the last 3 months. Hindustan Construction exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hindustan Construction's Market Risk Adjusted Performance of (2.07), standard deviation of 3.48, and Risk Adjusted Performance of (0.06) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.14, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hindustan Construction's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hindustan Construction is expected to be smaller as well. At this point, Hindustan Construction has a negative expected return of -0.16%. Please make sure to check out Hindustan Construction's treynor ratio, skewness, rate of daily change, as well as the relationship between the value at risk and accumulation distribution , to decide if Hindustan Construction performance from the past will be repeated at some point in the near future.
Auto-correlation
0.59
Modest predictability
Hindustan Construction has modest predictability. Overlapping area represents the amount of predictability between Hindustan Construction time series from 20th of December 2024 to 4th of January 2025 and 4th of January 2025 to 19th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Hindustan Construction price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current Hindustan Construction price fluctuation can be explain by its past prices.
Correlation Coefficient
0.59
Spearman Rank Test
0.3
Residual Average
0.0
Price Variance
3.62
Hindustan Construction lagged returns against current returns
Autocorrelation, which is Hindustan Construction 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 Hindustan Construction's stock expected returns. We can calculate the autocorrelation of Hindustan Construction returns to help us make a trade decision. For example, suppose you find that Hindustan Construction 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
Hindustan Construction 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 Hindustan Construction stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hindustan Construction stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hindustan Construction stock over time.
Current vs Lagged Prices
Timeline
Hindustan Construction Lagged Returns
When evaluating Hindustan Construction's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hindustan Construction stock have on its future price. Hindustan Construction 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, Hindustan Construction autocorrelation shows the relationship between Hindustan Construction stock current value and its past values and can show if there is a momentum factor associated with investing in Hindustan Construction.
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.
Hindustan Construction financial ratios help investors to determine whether Hindustan 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 Hindustan with respect to the benefits of owning Hindustan Construction security.