Hindware Home (India) Market Value
| HINDWAREAP | 296.30 3.55 1.21% |
| Symbol | Hindware |
Hindware Home '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 Hindware Home'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 Hindware Home.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Hindware Home on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Hindware Home Innovation or generate 0.0% return on investment in Hindware Home over 30 days. Hindware Home is related to or competes with Hemisphere Properties, India Glycols, Indo Borax, Kingfa Science, Alkali Metals, Mahindra Logistics, and Krebs Biochemicals. Hindware Home is entity of India. It is traded as Stock on NSE exchange. More
Hindware Home 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 Hindware Home'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 Hindware Home Innovation upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 16.61 | |||
| Value At Risk | (3.89) | |||
| Potential Upside | 4.35 |
Hindware Home Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hindware Home's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hindware Home's standard deviation. In reality, there are many statistical measures that can use Hindware Home historical prices to predict the future Hindware Home's volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.49) | |||
| Total Risk Alpha | (0.86) | |||
| Treynor Ratio | (0.59) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hindware Home'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.
Hindware Home Innovation Backtested Returns
Hindware Home Innovation holds Efficiency (Sharpe) Ratio of -0.11, which attests that the entity had a -0.11% return per unit of risk over the last 3 months. Hindware Home Innovation exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hindware Home's Standard Deviation of 2.9, risk adjusted performance of (0.1), and Market Risk Adjusted Performance of (0.58) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.69, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Hindware Home's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hindware Home is expected to be smaller as well. At this point, Hindware Home Innovation has a negative expected return of -0.32%. Please make sure to check out Hindware Home's potential upside, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Hindware Home Innovation performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.82 |
Excellent reverse predictability
Hindware Home Innovation has excellent reverse predictability. Overlapping area represents the amount of predictability between Hindware Home 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 Hindware Home Innovation price movement. The serial correlation of -0.82 indicates that around 82.0% of current Hindware Home price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.82 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 231.56 |
Hindware Home Innovation lagged returns against current returns
Autocorrelation, which is Hindware Home 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 Hindware Home's stock expected returns. We can calculate the autocorrelation of Hindware Home returns to help us make a trade decision. For example, suppose you find that Hindware Home 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 |
Hindware Home 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 Hindware Home stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hindware Home stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hindware Home stock over time.
Current vs Lagged Prices |
| Timeline |
Hindware Home Lagged Returns
When evaluating Hindware Home's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hindware Home stock have on its future price. Hindware Home 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, Hindware Home autocorrelation shows the relationship between Hindware Home stock current value and its past values and can show if there is a momentum factor associated with investing in Hindware Home Innovation.
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 Hindware Stock Analysis
When running Hindware Home's price analysis, check to measure Hindware Home'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 Hindware Home is operating at the current time. Most of Hindware Home's value examination focuses on studying past and present price action to predict the probability of Hindware Home's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hindware Home's price. Additionally, you may evaluate how the addition of Hindware Home to your portfolios can decrease your overall portfolio volatility.