Hero MotoCorp (India) Market Value
| HEROMOTOCO | 4,871 32.55 0.67% |
| Symbol | Hero |
Hero MotoCorp '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 Hero MotoCorp'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 Hero MotoCorp.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Hero MotoCorp on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Hero MotoCorp Limited or generate 0.0% return on investment in Hero MotoCorp over 30 days. Hero MotoCorp is related to or competes with V2 Retail, Reliance Communications, Future Retail, Zenith Steel, Sunflag Iron, NMDC Steel, and Praxis Home. Hero MotoCorp is entity of India. It is traded as Stock on NSE exchange. More
Hero MotoCorp 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 Hero MotoCorp'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 Hero MotoCorp Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 7.48 | |||
| Value At Risk | (3.35) | |||
| Potential Upside | 2.63 |
Hero MotoCorp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hero MotoCorp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hero MotoCorp's standard deviation. In reality, there are many statistical measures that can use Hero MotoCorp historical prices to predict the future Hero MotoCorp's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.40) | |||
| Treynor Ratio | 2.45 |
Hero MotoCorp Limited Backtested Returns
Hero MotoCorp Limited holds Efficiency (Sharpe) Ratio of -0.1, which attests that the entity had a -0.1% return per unit of risk over the last 3 months. Hero MotoCorp Limited exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hero MotoCorp's Standard Deviation of 1.66, market risk adjusted performance of 2.46, and Risk Adjusted Performance of (0.06) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.0605, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Hero MotoCorp are expected to decrease at a much lower rate. During the bear market, Hero MotoCorp is likely to outperform the market. At this point, Hero MotoCorp Limited has a negative expected return of -0.17%. Please make sure to check out Hero MotoCorp's treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if Hero MotoCorp Limited performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.15 |
Insignificant reverse predictability
Hero MotoCorp Limited has insignificant reverse predictability. Overlapping area represents the amount of predictability between Hero MotoCorp time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Hero MotoCorp Limited price movement. The serial correlation of -0.15 indicates that less than 15.0% of current Hero MotoCorp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.15 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 12.5 K |
Hero MotoCorp Limited lagged returns against current returns
Autocorrelation, which is Hero MotoCorp 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 Hero MotoCorp's stock expected returns. We can calculate the autocorrelation of Hero MotoCorp returns to help us make a trade decision. For example, suppose you find that Hero MotoCorp 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 |
Hero MotoCorp 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 Hero MotoCorp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hero MotoCorp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hero MotoCorp stock over time.
Current vs Lagged Prices |
| Timeline |
Hero MotoCorp Lagged Returns
When evaluating Hero MotoCorp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hero MotoCorp stock have on its future price. Hero MotoCorp 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, Hero MotoCorp autocorrelation shows the relationship between Hero MotoCorp stock current value and its past values and can show if there is a momentum factor associated with investing in Hero MotoCorp 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.Additional Tools for Hero Stock Analysis
When running Hero MotoCorp's price analysis, check to measure Hero MotoCorp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Hero MotoCorp is operating at the current time. Most of Hero MotoCorp's value examination focuses on studying past and present price action to predict the probability of Hero MotoCorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hero MotoCorp's price. Additionally, you may evaluate how the addition of Hero MotoCorp to your portfolios can decrease your overall portfolio volatility.