HDFC Mutual (India) Market Value
| HDFCSENETF | 700.42 0.00 0.00% |
| Symbol | HDFC |
HDFC Mutual '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 Mutual's etf 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 Mutual.
| 12/04/2022 |
| 11/23/2024 |
If you would invest 0.00 in HDFC Mutual on December 4, 2022 and sell it all today you would earn a total of 0.00 from holding HDFC Mutual Fund or generate 0.0% return on investment in HDFC Mutual over 720 days.
HDFC Mutual 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 Mutual's etf 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 Mutual Fund upside and downside potential and time the market with a certain degree of confidence.
HDFC Mutual Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HDFC Mutual's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HDFC Mutual's standard deviation. In reality, there are many statistical measures that can use HDFC Mutual historical prices to predict the future HDFC Mutual's volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of HDFC Mutual'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.
HDFC Mutual Fund Backtested Returns
We have found three technical indicators for HDFC Mutual Fund, which you can use to evaluate the volatility of the entity. The etf retains a Market Volatility (i.e., Beta) of 0.0, which attests to not very significant fluctuations relative to the market. the returns on MARKET and HDFC Mutual are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
HDFC Mutual Fund has no correlation between past and present. Overlapping area represents the amount of predictability between HDFC Mutual time series from 4th of December 2022 to 29th of November 2023 and 29th of November 2023 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 Mutual Fund price movement. The serial correlation of 0.0 indicates that just 0.0% of current HDFC Mutual price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.87 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
HDFC Mutual Fund lagged returns against current returns
Autocorrelation, which is HDFC Mutual etf'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 Mutual's etf expected returns. We can calculate the autocorrelation of HDFC Mutual returns to help us make a trade decision. For example, suppose you find that HDFC Mutual has exhibited high autocorrelation historically, and you observe that the etf 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 Mutual 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 Mutual etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HDFC Mutual etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HDFC Mutual etf over time.
Current vs Lagged Prices |
| Timeline |
HDFC Mutual Lagged Returns
When evaluating HDFC Mutual's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HDFC Mutual etf have on its future price. HDFC Mutual 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 Mutual autocorrelation shows the relationship between HDFC Mutual etf current value and its past values and can show if there is a momentum factor associated with investing in HDFC Mutual Fund.
Regressed Prices |
| Timeline |