Heubach Colorants (India) Market Value
| HEUBACHIND | 542.20 2.05 0.38% |
| Symbol | Heubach |
Heubach Colorants '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 Heubach Colorants' 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 Heubach Colorants.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Heubach Colorants on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Heubach Colorants India or generate 0.0% return on investment in Heubach Colorants over 30 days. Heubach Colorants is related to or competes with NMDC, Steel Authority, Embassy Office, Gujarat Alkalies, Indian Metals, and JTL Industries. Heubach Colorants is entity of India. It is traded as Stock on NSE exchange. More
Heubach Colorants 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 Heubach Colorants' 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 Heubach Colorants India upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.55 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 28.86 | |||
| Value At Risk | (3.00) | |||
| Potential Upside | 6.95 |
Heubach Colorants Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Heubach Colorants' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Heubach Colorants' standard deviation. In reality, there are many statistical measures that can use Heubach Colorants historical prices to predict the future Heubach Colorants' volatility.| Risk Adjusted Performance | 0.029 | |||
| Jensen Alpha | 0.0973 | |||
| Total Risk Alpha | (0.46) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (1.09) |
Heubach Colorants India Backtested Returns
Heubach Colorants is very steady at the moment. Heubach Colorants India holds Efficiency (Sharpe) Ratio of 0.0288, which attests that the entity had a 0.0288% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Heubach Colorants India, which you can use to evaluate the volatility of the firm. Please check out Heubach Colorants' Market Risk Adjusted Performance of (1.08), risk adjusted performance of 0.029, and Downside Deviation of 3.55 to validate if the risk estimate we provide is consistent with the expected return of 0.1%. Heubach Colorants has a performance score of 2 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.0804, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Heubach Colorants are expected to decrease at a much lower rate. During the bear market, Heubach Colorants is likely to outperform the market. Heubach Colorants India right now retains a risk of 3.62%. Please check out Heubach Colorants treynor ratio, downside variance, kurtosis, as well as the relationship between the value at risk and expected short fall , to decide if Heubach Colorants will be following its current trending patterns.
Auto-correlation | 0.28 |
Poor predictability
Heubach Colorants India has poor predictability. Overlapping area represents the amount of predictability between Heubach Colorants time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Heubach Colorants India price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current Heubach Colorants price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | 0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.93 |
Heubach Colorants India lagged returns against current returns
Autocorrelation, which is Heubach Colorants 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 Heubach Colorants' stock expected returns. We can calculate the autocorrelation of Heubach Colorants returns to help us make a trade decision. For example, suppose you find that Heubach Colorants 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 |
Heubach Colorants 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 Heubach Colorants stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Heubach Colorants stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Heubach Colorants stock over time.
Current vs Lagged Prices |
| Timeline |
Heubach Colorants Lagged Returns
When evaluating Heubach Colorants' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Heubach Colorants stock have on its future price. Heubach Colorants 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, Heubach Colorants autocorrelation shows the relationship between Heubach Colorants stock current value and its past values and can show if there is a momentum factor associated with investing in Heubach Colorants India.
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 Heubach Stock
Heubach Colorants financial ratios help investors to determine whether Heubach 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 Heubach with respect to the benefits of owning Heubach Colorants security.