Imagicaaworld Entertainment (India) Market Value
| IMAGICAA | 65.90 3.81 6.14% |
| Symbol | Imagicaaworld |
Imagicaaworld Entertainment '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 Imagicaaworld Entertainment'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 Imagicaaworld Entertainment.
| 02/11/2023 |
| 01/31/2025 |
If you would invest 0.00 in Imagicaaworld Entertainment on February 11, 2023 and sell it all today you would earn a total of 0.00 from holding Imagicaaworld Entertainment Limited or generate 0.0% return on investment in Imagicaaworld Entertainment over 720 days. Imagicaaworld Entertainment is related to or competes with FCS Software, V Mart, Cantabil Retail, Reliance Industrial, Sarthak Metals, and Clean Science. Imagicaaworld Entertainment is entity of India More
Imagicaaworld Entertainment 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 Imagicaaworld Entertainment'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 Imagicaaworld Entertainment Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 11.6 | |||
| Value At Risk | (4.59) | |||
| Potential Upside | 2.95 |
Imagicaaworld Entertainment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Imagicaaworld Entertainment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Imagicaaworld Entertainment's standard deviation. In reality, there are many statistical measures that can use Imagicaaworld Entertainment historical prices to predict the future Imagicaaworld Entertainment's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.40) | |||
| Treynor Ratio | (0.33) |
Imagicaaworld Entertainment Backtested Returns
Imagicaaworld Entertainment holds Efficiency (Sharpe) Ratio of -0.0835, which attests that the entity had a -0.0835 % return per unit of risk over the last 3 months. Imagicaaworld Entertainment exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Imagicaaworld Entertainment's Standard Deviation of 2.37, market risk adjusted performance of (0.32), and Risk Adjusted Performance of (0.04) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.45, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Imagicaaworld Entertainment's returns are expected to increase less than the market. However, during the bear market, the loss of holding Imagicaaworld Entertainment is expected to be smaller as well. At this point, Imagicaaworld Entertainment has a negative expected return of -0.2%. Please make sure to check out Imagicaaworld Entertainment's potential upside, day median price, and the relationship between the treynor ratio and accumulation distribution , to decide if Imagicaaworld Entertainment performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.24 |
Weak reverse predictability
Imagicaaworld Entertainment Limited has weak reverse predictability. Overlapping area represents the amount of predictability between Imagicaaworld Entertainment time series from 11th of February 2023 to 6th of February 2024 and 6th of February 2024 to 31st of January 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 Imagicaaworld Entertainment price movement. The serial correlation of -0.24 indicates that over 24.0% of current Imagicaaworld Entertainment price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.24 | |
| Spearman Rank Test | -0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 51.6 |
Imagicaaworld Entertainment lagged returns against current returns
Autocorrelation, which is Imagicaaworld Entertainment 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 Imagicaaworld Entertainment's stock expected returns. We can calculate the autocorrelation of Imagicaaworld Entertainment returns to help us make a trade decision. For example, suppose you find that Imagicaaworld Entertainment 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 |
Imagicaaworld Entertainment 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 Imagicaaworld Entertainment stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Imagicaaworld Entertainment stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Imagicaaworld Entertainment stock over time.
Current vs Lagged Prices |
| Timeline |
Imagicaaworld Entertainment Lagged Returns
When evaluating Imagicaaworld Entertainment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Imagicaaworld Entertainment stock have on its future price. Imagicaaworld Entertainment 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, Imagicaaworld Entertainment autocorrelation shows the relationship between Imagicaaworld Entertainment stock current value and its past values and can show if there is a momentum factor associated with investing in Imagicaaworld Entertainment 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 Imagicaaworld Stock
Imagicaaworld Entertainment financial ratios help investors to determine whether Imagicaaworld 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 Imagicaaworld with respect to the benefits of owning Imagicaaworld Entertainment security.