Credo Brands (India) Market Value
| MUFTI Stock | 179.78 0.23 0.13% |
| Symbol | Credo |
Credo Brands '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 Credo Brands' 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 Credo Brands.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Credo Brands on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Credo Brands Marketing or generate 0.0% return on investment in Credo Brands over 30 days. Credo Brands is related to or competes with ICICI Bank, General Insurance, Hybrid Financial, Bank of Maharashtra, Silver Touch, Bandhan Bank, and GM Breweries. Credo Brands is entity of India. It is traded as Stock on NSE exchange. More
Credo Brands 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 Credo Brands' 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 Credo Brands Marketing upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 21.37 | |||
| Value At Risk | (4.13) | |||
| Potential Upside | 3.61 |
Credo Brands Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Credo Brands' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Credo Brands' standard deviation. In reality, there are many statistical measures that can use Credo Brands historical prices to predict the future Credo Brands' volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.34) | |||
| Total Risk Alpha | (0.76) | |||
| Treynor Ratio | (0.23) |
Credo Brands Marketing Backtested Returns
Credo Brands Marketing secures Sharpe Ratio (or Efficiency) of -0.0377, which signifies that the company had a -0.0377% return per unit of standard deviation over the last 3 months. Credo Brands Marketing exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Credo Brands' mean deviation of 2.09, and Risk Adjusted Performance of (0.04) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.94, which signifies possible diversification benefits within a given portfolio. Credo Brands returns are very sensitive to returns on the market. As the market goes up or down, Credo Brands is expected to follow. At this point, Credo Brands Marketing has a negative expected return of -0.12%. Please make sure to confirm Credo Brands' maximum drawdown, as well as the relationship between the accumulation distribution and price action indicator , to decide if Credo Brands Marketing performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.8 |
Almost perfect reverse predictability
Credo Brands Marketing has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Credo Brands time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Credo Brands Marketing price movement. The serial correlation of -0.8 indicates that around 80.0% of current Credo Brands price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.8 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 20.55 |
Credo Brands Marketing lagged returns against current returns
Autocorrelation, which is Credo Brands 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 Credo Brands' stock expected returns. We can calculate the autocorrelation of Credo Brands returns to help us make a trade decision. For example, suppose you find that Credo Brands 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 |
Credo Brands 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 Credo Brands stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Credo Brands stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Credo Brands stock over time.
Current vs Lagged Prices |
| Timeline |
Credo Brands Lagged Returns
When evaluating Credo Brands' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Credo Brands stock have on its future price. Credo Brands 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, Credo Brands autocorrelation shows the relationship between Credo Brands stock current value and its past values and can show if there is a momentum factor associated with investing in Credo Brands Marketing.
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 Credo Stock
Credo Brands financial ratios help investors to determine whether Credo 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 Credo with respect to the benefits of owning Credo Brands security.