Indian Oil (India) Market Value
| IOC Stock | 136.40 3.50 2.63% |
| Symbol | Indian |
Indian Oil '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 Indian Oil'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 Indian Oil.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Indian Oil on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Indian Oil or generate 0.0% return on investment in Indian Oil over 510 days. Indian Oil is related to or competes with California Software, Music Broadcast, Hindware Home, Credo Brands, Reliance Home, Cantabil Retail, and Newgen Software. Indian Oil is entity of India. It is traded as Stock on NSE exchange. More
Indian Oil 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 Indian Oil'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 Indian Oil upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.28) | |||
| Maximum Drawdown | 9.09 | |||
| Value At Risk | (3.67) | |||
| Potential Upside | 2.0 |
Indian Oil Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Indian Oil's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Indian Oil's standard deviation. In reality, there are many statistical measures that can use Indian Oil historical prices to predict the future Indian Oil's volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (0.37) | |||
| Total Risk Alpha | (0.63) | |||
| Treynor Ratio | (6.26) |
Indian Oil Backtested Returns
Indian Oil holds Efficiency (Sharpe) Ratio of -0.21, which attests that the entity had a -0.21% return per unit of risk over the last 3 months. Indian Oil exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Indian Oil's Market Risk Adjusted Performance of (6.25), standard deviation of 1.74, and Risk Adjusted Performance of (0.15) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.0579, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Indian Oil's returns are expected to increase less than the market. However, during the bear market, the loss of holding Indian Oil is expected to be smaller as well. At this point, Indian Oil has a negative expected return of -0.37%. Please make sure to check out Indian Oil's standard deviation, maximum drawdown, kurtosis, as well as the relationship between the total risk alpha and potential upside , to decide if Indian Oil performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.38 |
Poor reverse predictability
Indian Oil has poor reverse predictability. Overlapping area represents the amount of predictability between Indian Oil time series from 5th of July 2023 to 16th of March 2024 and 16th of March 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 Indian Oil price movement. The serial correlation of -0.38 indicates that just about 38.0% of current Indian Oil price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.38 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 122.78 |
Indian Oil lagged returns against current returns
Autocorrelation, which is Indian Oil 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 Indian Oil's stock expected returns. We can calculate the autocorrelation of Indian Oil returns to help us make a trade decision. For example, suppose you find that Indian Oil 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 |
Indian Oil 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 Indian Oil stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Indian Oil stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Indian Oil stock over time.
Current vs Lagged Prices |
| Timeline |
Indian Oil Lagged Returns
When evaluating Indian Oil's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Indian Oil stock have on its future price. Indian Oil 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, Indian Oil autocorrelation shows the relationship between Indian Oil stock current value and its past values and can show if there is a momentum factor associated with investing in Indian Oil.
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 Indian Stock
Indian Oil financial ratios help investors to determine whether Indian 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 Indian with respect to the benefits of owning Indian Oil security.