HDFC Asset (India) Market Value
| HDFCAMC Stock | 4,210 32.15 0.76% |
| Symbol | HDFC |
HDFC Asset '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 HDFC Asset'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 HDFC Asset.
| 08/31/2024 |
| 11/29/2024 |
If you would invest 0.00 in HDFC Asset on August 31, 2024 and sell it all today you would earn a total of 0.00 from holding HDFC Asset Management or generate 0.0% return on investment in HDFC Asset over 90 days. HDFC Asset is related to or competes with MAS Financial, Next Mediaworks, City Union, HT Media, General Insurance, Aban Offshore, and Bharatiya Global. More
HDFC Asset 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 HDFC Asset'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 HDFC Asset Management upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 9.36 | |||
| Value At Risk | (2.42) | |||
| Potential Upside | 2.85 |
HDFC Asset Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HDFC Asset's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HDFC Asset's standard deviation. In reality, there are many statistical measures that can use HDFC Asset historical prices to predict the future HDFC Asset's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | (0.71) |
HDFC Asset Management Backtested Returns
HDFC Asset Management holds Efficiency (Sharpe) Ratio of -0.0325, which attests that the entity had a -0.0325% return per unit of return volatility over the last 3 months. HDFC Asset Management exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out HDFC Asset's Market Risk Adjusted Performance of (0.70), risk adjusted performance of (0.02), and Coefficient Of Variation of (2,795) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.1, which attests to not very significant fluctuations relative to the market. As returns on the market increase, HDFC Asset's returns are expected to increase less than the market. However, during the bear market, the loss of holding HDFC Asset is expected to be smaller as well. At this point, HDFC Asset Management has a negative expected return of -0.0581%. Please make sure to check out HDFC Asset's standard deviation, maximum drawdown, kurtosis, as well as the relationship between the total risk alpha and potential upside , to decide if HDFC Asset Management performance from the past will be repeated in the future.
Auto-correlation | 0.49 |
Average predictability
HDFC Asset Management has average predictability. Overlapping area represents the amount of predictability between HDFC Asset time series from 31st of August 2024 to 15th of October 2024 and 15th of October 2024 to 29th 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 HDFC Asset Management price movement. The serial correlation of 0.49 indicates that about 49.0% of current HDFC Asset price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 27.2 K |
HDFC Asset Management lagged returns against current returns
Autocorrelation, which is HDFC Asset 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 HDFC Asset's stock expected returns. We can calculate the autocorrelation of HDFC Asset returns to help us make a trade decision. For example, suppose you find that HDFC Asset 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 |
HDFC Asset 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 HDFC Asset stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HDFC Asset stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HDFC Asset stock over time.
Current vs Lagged Prices |
| Timeline |
HDFC Asset Lagged Returns
When evaluating HDFC Asset's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HDFC Asset stock have on its future price. HDFC Asset 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, HDFC Asset autocorrelation shows the relationship between HDFC Asset stock current value and its past values and can show if there is a momentum factor associated with investing in HDFC Asset Management.
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 HDFC Stock
HDFC Asset financial ratios help investors to determine whether HDFC 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 HDFC with respect to the benefits of owning HDFC Asset security.