KPIT Technologies (India) Market Value
| KPITTECH | 1,290 15.00 1.15% |
| Symbol | KPIT |
KPIT Technologies '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 KPIT Technologies' 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 KPIT Technologies.
| 11/28/2023 |
| 11/22/2024 |
If you would invest 0.00 in KPIT Technologies on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding KPIT Technologies Limited or generate 0.0% return on investment in KPIT Technologies over 360 days. KPIT Technologies is related to or competes with EMBASSY OFFICE, MEDI ASSIST, Network18 Media, Touchwood Entertainment, Sri Havisha, Silly Monks, and Imagicaaworld Entertainment. KPIT Technologies is entity of India. It is traded as Stock on NSE exchange. More
KPIT Technologies 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 KPIT Technologies' 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 KPIT Technologies Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 16.99 | |||
| Value At Risk | (3.28) | |||
| Potential Upside | 2.72 |
KPIT Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for KPIT Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as KPIT Technologies' standard deviation. In reality, there are many statistical measures that can use KPIT Technologies historical prices to predict the future KPIT Technologies' volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (0.52) | |||
| Total Risk Alpha | (0.83) | |||
| Treynor Ratio | (2.97) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of KPIT Technologies' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
KPIT Technologies Backtested Returns
KPIT Technologies has Sharpe Ratio of -0.21, which conveys that the firm had a -0.21% return per unit of risk over the last 3 months. KPIT Technologies exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify KPIT Technologies' risk adjusted performance of (0.15), and Mean Deviation of 1.59 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.17, which conveys not very significant fluctuations relative to the market. As returns on the market increase, KPIT Technologies' returns are expected to increase less than the market. However, during the bear market, the loss of holding KPIT Technologies is expected to be smaller as well. At this point, KPIT Technologies has a negative expected return of -0.53%. Please make sure to verify KPIT Technologies' standard deviation, potential upside, as well as the relationship between the Potential Upside and day median price , to decide if KPIT Technologies performance from the past will be repeated at future time.
Auto-correlation | 0.12 |
Insignificant predictability
KPIT Technologies Limited has insignificant predictability. Overlapping area represents the amount of predictability between KPIT Technologies time series from 28th of November 2023 to 26th of May 2024 and 26th of May 2024 to 22nd 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 KPIT Technologies price movement. The serial correlation of 0.12 indicates that less than 12.0% of current KPIT Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.12 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 24.5 K |
KPIT Technologies lagged returns against current returns
Autocorrelation, which is KPIT Technologies 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 KPIT Technologies' stock expected returns. We can calculate the autocorrelation of KPIT Technologies returns to help us make a trade decision. For example, suppose you find that KPIT Technologies 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 |
KPIT Technologies 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 KPIT Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if KPIT Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in KPIT Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
KPIT Technologies Lagged Returns
When evaluating KPIT Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of KPIT Technologies stock have on its future price. KPIT Technologies 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, KPIT Technologies autocorrelation shows the relationship between KPIT Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in KPIT Technologies Limited.
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 KPIT Stock
KPIT Technologies financial ratios help investors to determine whether KPIT 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 KPIT with respect to the benefits of owning KPIT Technologies security.