India Tourism (India) Market Value
| ITDC Stock | 579.35 19.15 3.42% |
| Symbol | India |
India Tourism '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 India Tourism'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 India Tourism.
| 11/29/2023 |
| 11/23/2024 |
If you would invest 0.00 in India Tourism on November 29, 2023 and sell it all today you would earn a total of 0.00 from holding India Tourism Development or generate 0.0% return on investment in India Tourism over 360 days. India Tourism is related to or competes with MMTC, Kingfa Science, Rico Auto, GACM Technologies, COSMO FIRST, Delta Manufacturing, and Tribhovandas Bhimji. India Tourism is entity of India. It is traded as Stock on NSE exchange. More
India Tourism 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 India Tourism'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 India Tourism Development upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.26) | |||
| Maximum Drawdown | 10.36 | |||
| Value At Risk | (4.07) | |||
| Potential Upside | 2.96 |
India Tourism Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for India Tourism's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as India Tourism's standard deviation. In reality, there are many statistical measures that can use India Tourism historical prices to predict the future India Tourism's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.40) | |||
| Total Risk Alpha | (0.75) | |||
| Treynor Ratio | 2.87 |
India Tourism Development Backtested Returns
India Tourism Development holds Efficiency (Sharpe) Ratio of -0.18, which attests that the entity had a -0.18% return per unit of risk over the last 3 months. India Tourism Development exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out India Tourism's Market Risk Adjusted Performance of 2.88, standard deviation of 2.1, and Risk Adjusted Performance of (0.14) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.15, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning India Tourism are expected to decrease at a much lower rate. During the bear market, India Tourism is likely to outperform the market. At this point, India Tourism Development has a negative expected return of -0.37%. Please make sure to check out India Tourism's coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if India Tourism Development performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.13 |
Insignificant reverse predictability
India Tourism Development has insignificant reverse predictability. Overlapping area represents the amount of predictability between India Tourism time series from 29th of November 2023 to 27th of May 2024 and 27th of May 2024 to 23rd 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 India Tourism Development price movement. The serial correlation of -0.13 indicates that less than 13.0% of current India Tourism price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | -0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 6675.95 |
India Tourism Development lagged returns against current returns
Autocorrelation, which is India Tourism 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 India Tourism's stock expected returns. We can calculate the autocorrelation of India Tourism returns to help us make a trade decision. For example, suppose you find that India Tourism 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 |
India Tourism 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 India Tourism stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if India Tourism stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in India Tourism stock over time.
Current vs Lagged Prices |
| Timeline |
India Tourism Lagged Returns
When evaluating India Tourism's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of India Tourism stock have on its future price. India Tourism 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, India Tourism autocorrelation shows the relationship between India Tourism stock current value and its past values and can show if there is a momentum factor associated with investing in India Tourism Development.
Regressed Prices |
| Timeline |
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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 India Stock Analysis
When running India Tourism's price analysis, check to measure India Tourism'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 India Tourism is operating at the current time. Most of India Tourism's value examination focuses on studying past and present price action to predict the probability of India Tourism's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move India Tourism's price. Additionally, you may evaluate how the addition of India Tourism to your portfolios can decrease your overall portfolio volatility.