HPL Electric (India) Market Value
| HPL Stock | 482.40 0.60 0.12% |
| Symbol | HPL |
HPL Electric '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 HPL Electric'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 HPL Electric.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in HPL Electric on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding HPL Electric Power or generate 0.0% return on investment in HPL Electric over 30 days. HPL Electric is related to or competes with Pilani Investment, AUTHUM INVESTMENT, Dhunseri Investments, Bombay Burmah, SIL Investments, SBI Life, and HDFC Life. HPL Electric is entity of India. It is traded as Stock on NSE exchange. More
HPL Electric 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 HPL Electric'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 HPL Electric Power upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 14.92 | |||
| Value At Risk | (3.36) | |||
| Potential Upside | 4.55 |
HPL Electric Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HPL Electric's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HPL Electric's standard deviation. In reality, there are many statistical measures that can use HPL Electric historical prices to predict the future HPL Electric's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.42) | |||
| Total Risk Alpha | (0.78) | |||
| Treynor Ratio | (1.72) |
HPL Electric Power Backtested Returns
HPL Electric Power holds Efficiency (Sharpe) Ratio of -0.19, which attests that the entity had a -0.19% return per unit of risk over the last 3 months. HPL Electric Power exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out HPL Electric's Coefficient Of Variation of (657.68), market risk adjusted performance of (1.71), and Risk Adjusted Performance of (0.11) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.23, which attests to not very significant fluctuations relative to the market. As returns on the market increase, HPL Electric's returns are expected to increase less than the market. However, during the bear market, the loss of holding HPL Electric is expected to be smaller as well. At this point, HPL Electric Power has a negative expected return of -0.45%. Please make sure to check out HPL Electric'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 HPL Electric Power performance from the past will be repeated at future time.
Auto-correlation | -0.56 |
Good reverse predictability
HPL Electric Power has good reverse predictability. Overlapping area represents the amount of predictability between HPL Electric time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 HPL Electric Power price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current HPL Electric price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.56 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 190.83 |
HPL Electric Power lagged returns against current returns
Autocorrelation, which is HPL Electric 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 HPL Electric's stock expected returns. We can calculate the autocorrelation of HPL Electric returns to help us make a trade decision. For example, suppose you find that HPL Electric 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 |
HPL Electric 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 HPL Electric stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HPL Electric stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HPL Electric stock over time.
Current vs Lagged Prices |
| Timeline |
HPL Electric Lagged Returns
When evaluating HPL Electric's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HPL Electric stock have on its future price. HPL Electric 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, HPL Electric autocorrelation shows the relationship between HPL Electric stock current value and its past values and can show if there is a momentum factor associated with investing in HPL Electric Power.
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 HPL Stock
HPL Electric financial ratios help investors to determine whether HPL 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 HPL with respect to the benefits of owning HPL Electric security.