IdeaForge Technology (India) Market Value
| IDEAFORGE | 573.55 5.70 1.00% |
| Symbol | IdeaForge |
IdeaForge Technology '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 IdeaForge Technology'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 IdeaForge Technology.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in IdeaForge Technology on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding ideaForge Technology Limited or generate 0.0% return on investment in IdeaForge Technology over 90 days. IdeaForge Technology is related to or competes with Life Insurance, Power Finance, HDFC Bank, State Bank, Indian Railway, SBI Life, and Reliance Industries. IdeaForge Technology is entity of India. It is traded as Stock on NSE exchange. More
IdeaForge Technology 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 IdeaForge Technology'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 ideaForge Technology Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 13.52 | |||
| Value At Risk | (3.44) | |||
| Potential Upside | 2.92 |
IdeaForge Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IdeaForge Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IdeaForge Technology's standard deviation. In reality, there are many statistical measures that can use IdeaForge Technology historical prices to predict the future IdeaForge Technology's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.30) | |||
| Total Risk Alpha | (0.66) | |||
| Treynor Ratio | (4.12) |
ideaForge Technology Backtested Returns
ideaForge Technology holds Efficiency (Sharpe) Ratio of -0.14, which attests that the entity had a -0.14% return per unit of risk over the last 3 months. ideaForge Technology exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out IdeaForge Technology's Market Risk Adjusted Performance of (4.11), standard deviation of 2.32, and Risk Adjusted Performance of (0.09) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.0709, which attests to not very significant fluctuations relative to the market. As returns on the market increase, IdeaForge Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding IdeaForge Technology is expected to be smaller as well. At this point, ideaForge Technology has a negative expected return of -0.32%. Please make sure to check out IdeaForge Technology's standard deviation, maximum drawdown, kurtosis, as well as the relationship between the total risk alpha and potential upside , to decide if ideaForge Technology performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.44 |
Average predictability
ideaForge Technology Limited has average predictability. Overlapping area represents the amount of predictability between IdeaForge Technology time series from 28th of August 2024 to 12th of October 2024 and 12th of October 2024 to 26th 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 ideaForge Technology price movement. The serial correlation of 0.44 indicates that just about 44.0% of current IdeaForge Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.44 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 1470.35 |
ideaForge Technology lagged returns against current returns
Autocorrelation, which is IdeaForge Technology 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 IdeaForge Technology's stock expected returns. We can calculate the autocorrelation of IdeaForge Technology returns to help us make a trade decision. For example, suppose you find that IdeaForge Technology 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 |
IdeaForge Technology 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 IdeaForge Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IdeaForge Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IdeaForge Technology stock over time.
Current vs Lagged Prices |
| Timeline |
IdeaForge Technology Lagged Returns
When evaluating IdeaForge Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IdeaForge Technology stock have on its future price. IdeaForge Technology 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, IdeaForge Technology autocorrelation shows the relationship between IdeaForge Technology stock current value and its past values and can show if there is a momentum factor associated with investing in ideaForge Technology 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.Additional Tools for IdeaForge Stock Analysis
When running IdeaForge Technology's price analysis, check to measure IdeaForge Technology'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 IdeaForge Technology is operating at the current time. Most of IdeaForge Technology's value examination focuses on studying past and present price action to predict the probability of IdeaForge Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move IdeaForge Technology's price. Additionally, you may evaluate how the addition of IdeaForge Technology to your portfolios can decrease your overall portfolio volatility.