HDFC Life (India) Market Value
| HDFCLIFE | 688.20 13.80 2.05% |
| Symbol | HDFC |
HDFC Life '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 Life'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 Life.
| 02/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in HDFC Life on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding HDFC Life Insurance or generate 0.0% return on investment in HDFC Life over 270 days. HDFC Life is related to or competes with Gangotri Textiles, Hemisphere Properties, Kingfa Science, Rico Auto, GACM Technologies, COSMO FIRST, and Delta Manufacturing. HDFC Life is entity of India. It is traded as Stock on NSE exchange. More
HDFC Life 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 Life'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 Life Insurance upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 6.43 | |||
| Value At Risk | (2.14) | |||
| Potential Upside | 2.25 |
HDFC Life Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HDFC Life's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HDFC Life's standard deviation. In reality, there are many statistical measures that can use HDFC Life historical prices to predict the future HDFC Life's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.28) | |||
| Treynor Ratio | 0.2695 |
HDFC Life Insurance Backtested Returns
HDFC Life Insurance holds Efficiency (Sharpe) Ratio of -0.0505, which attests that the entity had a -0.0505% return per unit of return volatility over the last 3 months. HDFC Life Insurance exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out HDFC Life's Market Risk Adjusted Performance of 0.2795, risk adjusted performance of (0.02), and Coefficient Of Variation of (3,796) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.18, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning HDFC Life are expected to decrease at a much lower rate. During the bear market, HDFC Life is likely to outperform the market. At this point, HDFC Life Insurance has a negative expected return of -0.0736%. Please make sure to check out HDFC Life's potential upside, and the relationship between the total risk alpha and daily balance of power , to decide if HDFC Life Insurance performance from the past will be repeated in the future.
Auto-correlation | -0.22 |
Weak reverse predictability
HDFC Life Insurance has weak reverse predictability. Overlapping area represents the amount of predictability between HDFC Life time series from 27th of February 2024 to 11th of July 2024 and 11th of July 2024 to 23rd 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 Life Insurance price movement. The serial correlation of -0.22 indicates that over 22.0% of current HDFC Life price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 771.21 |
HDFC Life Insurance lagged returns against current returns
Autocorrelation, which is HDFC Life 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 Life's stock expected returns. We can calculate the autocorrelation of HDFC Life returns to help us make a trade decision. For example, suppose you find that HDFC Life 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 Life 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 Life stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HDFC Life stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HDFC Life stock over time.
Current vs Lagged Prices |
| Timeline |
HDFC Life Lagged Returns
When evaluating HDFC Life's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HDFC Life stock have on its future price. HDFC Life 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 Life autocorrelation shows the relationship between HDFC Life stock current value and its past values and can show if there is a momentum factor associated with investing in HDFC Life Insurance.
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 Life 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 Life security.