HEG (India) Market Value
| HEG Stock | 568.30 21.35 3.90% |
| Symbol | HEG |
HEG '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 HEG'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 HEG.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in HEG on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding HEG Limited or generate 0.0% return on investment in HEG over 30 days. HEG is related to or competes with Reliance Industries, Oil Natural, ICICI Bank, and Bharti Airtel. HEG is entity of India. It is traded as Stock on NSE exchange. More
HEG 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 HEG'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 HEG Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.14 | |||
| Information Ratio | 0.1246 | |||
| Maximum Drawdown | 20.4 | |||
| Value At Risk | (4.56) | |||
| Potential Upside | 8.63 |
HEG Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HEG's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HEG's standard deviation. In reality, there are many statistical measures that can use HEG historical prices to predict the future HEG's volatility.| Risk Adjusted Performance | 0.1161 | |||
| Jensen Alpha | 0.4635 | |||
| Total Risk Alpha | 0.0913 | |||
| Sortino Ratio | 0.1639 | |||
| Treynor Ratio | 0.3858 |
HEG Limited Backtested Returns
HEG appears to be very steady, given 3 months investment horizon. HEG Limited holds Efficiency (Sharpe) Ratio of 0.13, which attests that the entity had a 0.13% return per unit of return volatility over the last 3 months. By inspecting HEG's technical indicators, you can evaluate if the expected return of 0.53% is justified by implied risk. Please utilize HEG's Market Risk Adjusted Performance of 0.3958, semi deviation of 2.7, and Risk Adjusted Performance of 0.1161 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, HEG holds a performance score of 10. The company retains a Market Volatility (i.e., Beta) of 1.57, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, HEG will likely underperform. Please check HEG's coefficient of variation, sortino ratio, potential upside, as well as the relationship between the jensen alpha and maximum drawdown , to make a quick decision on whether HEG's current trending patterns will revert.
Auto-correlation | 0.06 |
Virtually no predictability
HEG Limited has virtually no predictability. Overlapping area represents the amount of predictability between HEG time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th of December 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 HEG Limited price movement. The serial correlation of 0.06 indicates that barely 6.0% of current HEG price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.06 | |
| Spearman Rank Test | 0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 2865.15 |
HEG Limited lagged returns against current returns
Autocorrelation, which is HEG 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 HEG's stock expected returns. We can calculate the autocorrelation of HEG returns to help us make a trade decision. For example, suppose you find that HEG 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 |
HEG 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 HEG stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HEG stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HEG stock over time.
Current vs Lagged Prices |
| Timeline |
HEG Lagged Returns
When evaluating HEG's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HEG stock have on its future price. HEG 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, HEG autocorrelation shows the relationship between HEG stock current value and its past values and can show if there is a momentum factor associated with investing in HEG Limited.
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 HEG Stock
HEG financial ratios help investors to determine whether HEG 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 HEG with respect to the benefits of owning HEG security.