Le Travenues (India) Market Value
| IXIGO Stock | 148.63 6.72 4.74% |
| Symbol | IXIGO |
Le Travenues '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 Le Travenues' 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 Le Travenues.
| 09/03/2024 |
| 01/31/2025 |
If you would invest 0.00 in Le Travenues on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding Le Travenues Technology or generate 0.0% return on investment in Le Travenues over 150 days. Le Travenues is related to or competes with Mask Investments, Investment Trust, HDFC Asset, Nazara Technologies, AVALON TECHNOLOGIES, Bombay Burmah, and Nalwa Sons. Le Travenues is entity of India. It is traded as Stock on NSE exchange. More
Le Travenues 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 Le Travenues' 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 Le Travenues Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.96 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 16.58 | |||
| Value At Risk | (5.32) | |||
| Potential Upside | 6.26 |
Le Travenues Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Le Travenues' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Le Travenues' standard deviation. In reality, there are many statistical measures that can use Le Travenues historical prices to predict the future Le Travenues' volatility.| Risk Adjusted Performance | 0.0263 | |||
| Jensen Alpha | 0.044 | |||
| Total Risk Alpha | (0.31) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.2503 |
Le Travenues Technology Backtested Returns
As of now, IXIGO Stock is very steady. Le Travenues Technology retains Efficiency (Sharpe Ratio) of 0.0285, which conveys that the firm had a 0.0285 % return per unit of price deviation over the last 3 months. We have found twenty-eight technical indicators for Le Travenues, which you can use to evaluate the volatility of the firm. Please verify Le Travenues' Mean Deviation of 2.45, standard deviation of 3.52, and Market Risk Adjusted Performance of 0.2603 to check out if the risk estimate we provide is consistent with the expected return of 0.1%. Le Travenues has a performance score of 2 on a scale of 0 to 100. The company owns a Beta (Systematic Risk) of 0.27, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Le Travenues' returns are expected to increase less than the market. However, during the bear market, the loss of holding Le Travenues is expected to be smaller as well. Le Travenues Technology at this time owns a risk of 3.58%. Please verify Le Travenues Technology maximum drawdown, and the relationship between the information ratio and expected short fall , to decide if Le Travenues Technology will be following its current price history.
Auto-correlation | 0.36 |
Below average predictability
Le Travenues Technology has below average predictability. Overlapping area represents the amount of predictability between Le Travenues time series from 3rd of September 2024 to 17th of November 2024 and 17th of November 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 Le Travenues Technology price movement. The serial correlation of 0.36 indicates that just about 36.0% of current Le Travenues price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 157.76 |
Le Travenues Technology lagged returns against current returns
Autocorrelation, which is Le Travenues 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 Le Travenues' stock expected returns. We can calculate the autocorrelation of Le Travenues returns to help us make a trade decision. For example, suppose you find that Le Travenues 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 |
Le Travenues 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 Le Travenues stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Le Travenues stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Le Travenues stock over time.
Current vs Lagged Prices |
| Timeline |
Le Travenues Lagged Returns
When evaluating Le Travenues' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Le Travenues stock have on its future price. Le Travenues 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, Le Travenues autocorrelation shows the relationship between Le Travenues stock current value and its past values and can show if there is a momentum factor associated with investing in Le Travenues Technology.
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 IXIGO Stock
Le Travenues financial ratios help investors to determine whether IXIGO 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 IXIGO with respect to the benefits of owning Le Travenues security.