Kotak Mahindra (India) Market Value
| KOTAKBKETF | 535.18 2.12 0.39% |
| Symbol | Kotak |
Please note, there is a significant difference between Kotak Mahindra's value and its price as these two are different measures arrived at by different means. Investors typically determine if Kotak Mahindra is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Kotak Mahindra's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Kotak Mahindra '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 Kotak Mahindra's etf 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 Kotak Mahindra.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Kotak Mahindra on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Kotak Mahindra Mutual or generate 0.0% return on investment in Kotak Mahindra over 720 days. Kotak Mahindra is entity of India. It is traded as Etf on NSE exchange. More
Kotak Mahindra 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 Kotak Mahindra's etf 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 Kotak Mahindra Mutual upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9901 | |||
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 4.0 | |||
| Value At Risk | (1.57) | |||
| Potential Upside | 1.91 |
Kotak Mahindra Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kotak Mahindra's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kotak Mahindra's standard deviation. In reality, there are many statistical measures that can use Kotak Mahindra historical prices to predict the future Kotak Mahindra's volatility.| Risk Adjusted Performance | 0.0263 | |||
| Jensen Alpha | 5.0E-4 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | (0.11) | |||
| Treynor Ratio | 0.131 |
Kotak Mahindra Mutual Backtested Returns
As of now, Kotak Etf is very steady. Kotak Mahindra Mutual has Sharpe Ratio of 0.0271, which conveys that the entity had a 0.0271% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Kotak Mahindra, which you can use to evaluate the volatility of the etf. Please verify Kotak Mahindra's Risk Adjusted Performance of 0.0263, downside deviation of 0.9901, and Mean Deviation of 0.7424 to check out if the risk estimate we provide is consistent with the expected return of 0.0265%. The etf secures a Beta (Market Risk) of 0.16, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Kotak Mahindra's returns are expected to increase less than the market. However, during the bear market, the loss of holding Kotak Mahindra is expected to be smaller as well.
Auto-correlation | 0.80 |
Very good predictability
Kotak Mahindra Mutual has very good predictability. Overlapping area represents the amount of predictability between Kotak Mahindra time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 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 Kotak Mahindra Mutual price movement. The serial correlation of 0.8 indicates that around 80.0% of current Kotak Mahindra price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 655.77 |
Kotak Mahindra Mutual lagged returns against current returns
Autocorrelation, which is Kotak Mahindra etf'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 Kotak Mahindra's etf expected returns. We can calculate the autocorrelation of Kotak Mahindra returns to help us make a trade decision. For example, suppose you find that Kotak Mahindra has exhibited high autocorrelation historically, and you observe that the etf 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 |
Kotak Mahindra 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 Kotak Mahindra etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kotak Mahindra etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kotak Mahindra etf over time.
Current vs Lagged Prices |
| Timeline |
Kotak Mahindra Lagged Returns
When evaluating Kotak Mahindra's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kotak Mahindra etf have on its future price. Kotak Mahindra 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, Kotak Mahindra autocorrelation shows the relationship between Kotak Mahindra etf current value and its past values and can show if there is a momentum factor associated with investing in Kotak Mahindra Mutual.
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 Kotak Etf
Kotak Mahindra financial ratios help investors to determine whether Kotak Etf 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 Kotak with respect to the benefits of owning Kotak Mahindra security.