Indian Renewable (India) Market Value
| IREDA Stock | 205.16 3.25 1.56% |
| Symbol | Indian |
Indian Renewable '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 Renewable'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 Renewable.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Indian Renewable on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Indian Renewable Energy or generate 0.0% return on investment in Indian Renewable over 30 days. Indian Renewable is related to or competes with Bajaj Finance, Indian Railway, Power Finance, REC, Shriram Finance, Cholamandalam Investment, and Muthoot Finance. Indian Renewable is entity of India. It is traded as Stock on NSE exchange. More
Indian Renewable 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 Renewable'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 Renewable Energy upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 11.28 | |||
| Value At Risk | (4.46) | |||
| Potential Upside | 4.03 |
Indian Renewable Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Indian Renewable's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Indian Renewable's standard deviation. In reality, there are many statistical measures that can use Indian Renewable historical prices to predict the future Indian Renewable's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.37) | |||
| Total Risk Alpha | (0.71) | |||
| Treynor Ratio | (0.60) |
Indian Renewable Energy Backtested Returns
Indian Renewable Energy holds Efficiency (Sharpe) Ratio of -0.0875, which attests that the entity had a -0.0875% return per unit of risk over the last 3 months. Indian Renewable Energy exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Indian Renewable's Market Risk Adjusted Performance of (0.59), standard deviation of 2.44, and Risk Adjusted Performance of (0.09) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.51, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Indian Renewable's returns are expected to increase less than the market. However, during the bear market, the loss of holding Indian Renewable is expected to be smaller as well. At this point, Indian Renewable Energy has a negative expected return of -0.21%. Please make sure to check out Indian Renewable's standard deviation, maximum drawdown, kurtosis, as well as the relationship between the total risk alpha and potential upside , to decide if Indian Renewable Energy performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.95 |
Near perfect reversele predictability
Indian Renewable Energy has near perfect reversele predictability. Overlapping area represents the amount of predictability between Indian Renewable time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st of December 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 Renewable Energy price movement. The serial correlation of -0.95 indicates that approximately 95.0% of current Indian Renewable price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.95 | |
| Spearman Rank Test | -0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 66.23 |
Indian Renewable Energy lagged returns against current returns
Autocorrelation, which is Indian Renewable 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 Renewable's stock expected returns. We can calculate the autocorrelation of Indian Renewable returns to help us make a trade decision. For example, suppose you find that Indian Renewable 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 Renewable 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 Renewable stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Indian Renewable stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Indian Renewable stock over time.
Current vs Lagged Prices |
| Timeline |
Indian Renewable Lagged Returns
When evaluating Indian Renewable's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Indian Renewable stock have on its future price. Indian Renewable 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 Renewable autocorrelation shows the relationship between Indian Renewable stock current value and its past values and can show if there is a momentum factor associated with investing in Indian Renewable Energy.
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 Renewable 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 Renewable security.