Hindusthan National (India) Market Value
| HINDNATGLS | 24.23 1.13 4.89% |
| Symbol | Hindusthan |
Hindusthan National '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 Hindusthan National'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 Hindusthan National.
| 12/08/2023 |
| 12/02/2024 |
If you would invest 0.00 in Hindusthan National on December 8, 2023 and sell it all today you would earn a total of 0.00 from holding Hindusthan National Glass or generate 0.0% return on investment in Hindusthan National over 360 days. Hindusthan National is related to or competes with Som Distilleries, DiGiSPICE Technologies, Uniinfo Telecom, Tata Communications, Bigbloc Construction, ZF Commercial, and One 97. Hindusthan National is entity of India. It is traded as Stock on NSE exchange. More
Hindusthan National 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 Hindusthan National'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 Hindusthan National Glass upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.94 | |||
| Information Ratio | 0.0609 | |||
| Maximum Drawdown | 10.03 | |||
| Value At Risk | (5.02) | |||
| Potential Upside | 4.99 |
Hindusthan National Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hindusthan National's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hindusthan National's standard deviation. In reality, there are many statistical measures that can use Hindusthan National historical prices to predict the future Hindusthan National's volatility.| Risk Adjusted Performance | 0.0866 | |||
| Jensen Alpha | 0.2667 | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | 0.0503 | |||
| Treynor Ratio | 0.7059 |
Hindusthan National Glass Backtested Returns
Hindusthan National appears to be not too volatile, given 3 months investment horizon. Hindusthan National Glass holds Efficiency (Sharpe) Ratio of 0.0643, which attests that the entity had a 0.0643% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Hindusthan National Glass, which you can use to evaluate the volatility of the firm. Please utilize Hindusthan National's Risk Adjusted Performance of 0.0866, market risk adjusted performance of 0.7159, and Downside Deviation of 3.94 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hindusthan National holds a performance score of 5. The company retains a Market Volatility (i.e., Beta) of 0.46, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Hindusthan National's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hindusthan National is expected to be smaller as well. Please check Hindusthan National's sortino ratio, skewness, period momentum indicator, as well as the relationship between the potential upside and rate of daily change , to make a quick decision on whether Hindusthan National's current trending patterns will revert.
Auto-correlation | -0.35 |
Poor reverse predictability
Hindusthan National Glass has poor reverse predictability. Overlapping area represents the amount of predictability between Hindusthan National time series from 8th of December 2023 to 5th of June 2024 and 5th of June 2024 to 2nd 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 Hindusthan National Glass price movement. The serial correlation of -0.35 indicates that nearly 35.0% of current Hindusthan National price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.35 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 11.92 |
Hindusthan National Glass lagged returns against current returns
Autocorrelation, which is Hindusthan National 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 Hindusthan National's stock expected returns. We can calculate the autocorrelation of Hindusthan National returns to help us make a trade decision. For example, suppose you find that Hindusthan National 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 |
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Hindusthan National 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 Hindusthan National stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hindusthan National stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hindusthan National stock over time.
Current vs Lagged Prices |
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Hindusthan National Lagged Returns
When evaluating Hindusthan National's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hindusthan National stock have on its future price. Hindusthan National 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, Hindusthan National autocorrelation shows the relationship between Hindusthan National stock current value and its past values and can show if there is a momentum factor associated with investing in Hindusthan National Glass.
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 Hindusthan Stock Analysis
When running Hindusthan National's price analysis, check to measure Hindusthan National'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 Hindusthan National is operating at the current time. Most of Hindusthan National's value examination focuses on studying past and present price action to predict the probability of Hindusthan National's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hindusthan National's price. Additionally, you may evaluate how the addition of Hindusthan National to your portfolios can decrease your overall portfolio volatility.