Hinduja Global (India) Market Value
| HGS Stock | 614.85 1.35 0.22% |
| Symbol | Hinduja |
Hinduja Global '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 Hinduja Global'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 Hinduja Global.
| 11/30/2023 |
| 11/24/2024 |
If you would invest 0.00 in Hinduja Global on November 30, 2023 and sell it all today you would earn a total of 0.00 from holding Hinduja Global Solutions or generate 0.0% return on investment in Hinduja Global over 360 days. Hinduja Global is related to or competes with Can Fin, United Drilling, California Software, Salzer Electronics, Ratnamani Metals, Newgen Software, and Repco Home. Hinduja Global is entity of India. It is traded as Stock on NSE exchange. More
Hinduja Global 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 Hinduja Global'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 Hinduja Global Solutions upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.30) | |||
| Maximum Drawdown | 11.54 | |||
| Value At Risk | (3.77) | |||
| Potential Upside | 2.95 |
Hinduja Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hinduja Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hinduja Global's standard deviation. In reality, there are many statistical measures that can use Hinduja Global historical prices to predict the future Hinduja Global's volatility.| Risk Adjusted Performance | (0.18) | |||
| Jensen Alpha | (0.57) | |||
| Total Risk Alpha | (0.89) | |||
| Treynor Ratio | (2.04) |
Hinduja Global Solutions Backtested Returns
Hinduja Global Solutions holds Efficiency (Sharpe) Ratio of -0.29, which attests that the entity had a -0.29% return per unit of risk over the last 3 months. Hinduja Global Solutions exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hinduja Global's Market Risk Adjusted Performance of (2.03), standard deviation of 2.21, and Risk Adjusted Performance of (0.18) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.27, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hinduja Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hinduja Global is expected to be smaller as well. At this point, Hinduja Global Solutions has a negative expected return of -0.61%. Please make sure to check out Hinduja Global's maximum drawdown, daily balance of power, period momentum indicator, as well as the relationship between the skewness and day typical price , to decide if Hinduja Global Solutions performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.13 |
Insignificant predictability
Hinduja Global Solutions has insignificant predictability. Overlapping area represents the amount of predictability between Hinduja Global time series from 30th of November 2023 to 28th of May 2024 and 28th of May 2024 to 24th 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 Hinduja Global Solutions price movement. The serial correlation of 0.13 indicates that less than 13.0% of current Hinduja Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 3673.47 |
Hinduja Global Solutions lagged returns against current returns
Autocorrelation, which is Hinduja Global 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 Hinduja Global's stock expected returns. We can calculate the autocorrelation of Hinduja Global returns to help us make a trade decision. For example, suppose you find that Hinduja Global 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 |
Hinduja Global 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 Hinduja Global stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hinduja Global stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hinduja Global stock over time.
Current vs Lagged Prices |
| Timeline |
Hinduja Global Lagged Returns
When evaluating Hinduja Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hinduja Global stock have on its future price. Hinduja Global 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, Hinduja Global autocorrelation shows the relationship between Hinduja Global stock current value and its past values and can show if there is a momentum factor associated with investing in Hinduja Global Solutions.
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 Hinduja Stock
Hinduja Global financial ratios help investors to determine whether Hinduja 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 Hinduja with respect to the benefits of owning Hinduja Global security.