Hindustan Zinc (India) Market Value
| HINDZINC | 390.80 20.95 5.09% |
| Symbol | Hindustan |
Hindustan Zinc '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 Hindustan Zinc'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 Hindustan Zinc.
| 11/01/2024 |
| 03/01/2025 |
If you would invest 0.00 in Hindustan Zinc on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Hindustan Zinc Limited or generate 0.0% return on investment in Hindustan Zinc over 120 days. Hindustan Zinc is related to or competes with Golden Tobacco, Alkali Metals, Indian Metals, Jindal Drilling, Hemisphere Properties, Reliance Communications, and Ratnamani Metals. More
Hindustan Zinc 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 Hindustan Zinc'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 Hindustan Zinc Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 12.24 | |||
| Value At Risk | (4.76) | |||
| Potential Upside | 3.02 |
Hindustan Zinc Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hindustan Zinc's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hindustan Zinc's standard deviation. In reality, there are many statistical measures that can use Hindustan Zinc historical prices to predict the future Hindustan Zinc's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.38) | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | 1.44 |
Hindustan Zinc Backtested Returns
Hindustan Zinc holds Efficiency (Sharpe) Ratio of -0.16, which attests that the entity had a -0.16 % return per unit of risk over the last 3 months. Hindustan Zinc exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hindustan Zinc's Market Risk Adjusted Performance of 1.45, risk adjusted performance of (0.11), and Standard Deviation of 2.34 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.26, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Hindustan Zinc are expected to decrease at a much lower rate. During the bear market, Hindustan Zinc is likely to outperform the market. At this point, Hindustan Zinc has a negative expected return of -0.37%. Please make sure to check out Hindustan Zinc's jensen alpha, skewness, as well as the relationship between the Skewness and day typical price , to decide if Hindustan Zinc performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.61 |
Good predictability
Hindustan Zinc Limited has good predictability. Overlapping area represents the amount of predictability between Hindustan Zinc time series from 1st of November 2024 to 31st of December 2024 and 31st of December 2024 to 1st of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Hindustan Zinc price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current Hindustan Zinc price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 397.77 |
Hindustan Zinc lagged returns against current returns
Autocorrelation, which is Hindustan Zinc 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 Hindustan Zinc's stock expected returns. We can calculate the autocorrelation of Hindustan Zinc returns to help us make a trade decision. For example, suppose you find that Hindustan Zinc 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 |
Hindustan Zinc 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 Hindustan Zinc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hindustan Zinc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hindustan Zinc stock over time.
Current vs Lagged Prices |
| Timeline |
Hindustan Zinc Lagged Returns
When evaluating Hindustan Zinc's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hindustan Zinc stock have on its future price. Hindustan Zinc 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, Hindustan Zinc autocorrelation shows the relationship between Hindustan Zinc stock current value and its past values and can show if there is a momentum factor associated with investing in Hindustan Zinc 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.Other Information on Investing in Hindustan Stock
Hindustan Zinc financial ratios help investors to determine whether Hindustan 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 Hindustan with respect to the benefits of owning Hindustan Zinc security.