HeidelbergCement (India) Market Value
| HEIDELBERG | 225.98 5.18 2.35% |
| Symbol | HeidelbergCement |
HeidelbergCement '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 HeidelbergCement'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 HeidelbergCement.
| 09/12/2024 |
| 12/11/2024 |
If you would invest 0.00 in HeidelbergCement on September 12, 2024 and sell it all today you would earn a total of 0.00 from holding HeidelbergCement India Limited or generate 0.0% return on investment in HeidelbergCement over 90 days. HeidelbergCement is related to or competes with Steel Authority, Embassy Office, Indian Metals, and JTL Industries. HeidelbergCement is entity of India. It is traded as Stock on NSE exchange. More
HeidelbergCement 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 HeidelbergCement'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 HeidelbergCement India Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.68 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 8.3 | |||
| Value At Risk | (2.48) | |||
| Potential Upside | 4.02 |
HeidelbergCement Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HeidelbergCement's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HeidelbergCement's standard deviation. In reality, there are many statistical measures that can use HeidelbergCement historical prices to predict the future HeidelbergCement's volatility.| Risk Adjusted Performance | 0.0061 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.29) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | (0.03) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of HeidelbergCement'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.
HeidelbergCement India Backtested Returns
At this point, HeidelbergCement is very steady. HeidelbergCement India holds Efficiency (Sharpe) Ratio of 0.0252, which attests that the entity had a 0.0252% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for HeidelbergCement India, which you can use to evaluate the volatility of the firm. Please check out HeidelbergCement's Market Risk Adjusted Performance of (0.02), risk adjusted performance of 0.0061, and Downside Deviation of 1.68 to validate if the risk estimate we provide is consistent with the expected return of 0.0461%. HeidelbergCement has a performance score of 1 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.28, which attests to not very significant fluctuations relative to the market. As returns on the market increase, HeidelbergCement's returns are expected to increase less than the market. However, during the bear market, the loss of holding HeidelbergCement is expected to be smaller as well. HeidelbergCement India right now retains a risk of 1.83%. Please check out HeidelbergCement standard deviation, value at risk, kurtosis, as well as the relationship between the sortino ratio and semi variance , to decide if HeidelbergCement will be following its current trending patterns.
Auto-correlation | 0.24 |
Weak predictability
HeidelbergCement India Limited has weak predictability. Overlapping area represents the amount of predictability between HeidelbergCement time series from 12th of September 2024 to 27th of October 2024 and 27th of October 2024 to 11th 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 HeidelbergCement India price movement. The serial correlation of 0.24 indicates that over 24.0% of current HeidelbergCement price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 51.74 |
HeidelbergCement India lagged returns against current returns
Autocorrelation, which is HeidelbergCement 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 HeidelbergCement's stock expected returns. We can calculate the autocorrelation of HeidelbergCement returns to help us make a trade decision. For example, suppose you find that HeidelbergCement 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 |
HeidelbergCement 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 HeidelbergCement stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HeidelbergCement stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HeidelbergCement stock over time.
Current vs Lagged Prices |
| Timeline |
HeidelbergCement Lagged Returns
When evaluating HeidelbergCement's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HeidelbergCement stock have on its future price. HeidelbergCement 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, HeidelbergCement autocorrelation shows the relationship between HeidelbergCement stock current value and its past values and can show if there is a momentum factor associated with investing in HeidelbergCement India 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 HeidelbergCement Stock
HeidelbergCement financial ratios help investors to determine whether HeidelbergCement 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 HeidelbergCement with respect to the benefits of owning HeidelbergCement security.