Navneet Education (India) Market Value
| NAVNETEDUL | 136.60 0.51 0.37% |
| Symbol | Navneet |
Navneet Education '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 Navneet Education'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 Navneet Education.
| 10/30/2023 |
| 11/23/2024 |
If you would invest 0.00 in Navneet Education on October 30, 2023 and sell it all today you would earn a total of 0.00 from holding Navneet Education Limited or generate 0.0% return on investment in Navneet Education over 390 days. Navneet Education is related to or competes with Tata Consultancy, Quess Corp, Reliance Industries, Infosys, SIS, Wipro, and State Bank. Navneet Education is entity of India. It is traded as Stock on NSE exchange. More
Navneet Education 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 Navneet Education'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 Navneet Education Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 5.76 | |||
| Value At Risk | (2.40) | |||
| Potential Upside | 2.56 |
Navneet Education Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Navneet Education's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Navneet Education's standard deviation. In reality, there are many statistical measures that can use Navneet Education historical prices to predict the future Navneet Education's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.43) | |||
| Treynor Ratio | 0.9122 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Navneet Education's 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.
Navneet Education Backtested Returns
Navneet Education has Sharpe Ratio of -0.14, which conveys that the firm had a -0.14% return per unit of risk over the last 3 months. Navneet Education exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Navneet Education's Mean Deviation of 1.14, standard deviation of 1.47, and Risk Adjusted Performance of (0.09) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.21, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Navneet Education are expected to decrease at a much lower rate. During the bear market, Navneet Education is likely to outperform the market. At this point, Navneet Education has a negative expected return of -0.21%. Please make sure to verify Navneet Education's accumulation distribution, as well as the relationship between the day typical price and relative strength index , to decide if Navneet Education performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.32 |
Below average predictability
Navneet Education Limited has below average predictability. Overlapping area represents the amount of predictability between Navneet Education time series from 30th of October 2023 to 12th of May 2024 and 12th 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 Navneet Education price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current Navneet Education price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 50.85 |
Navneet Education lagged returns against current returns
Autocorrelation, which is Navneet Education 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 Navneet Education's stock expected returns. We can calculate the autocorrelation of Navneet Education returns to help us make a trade decision. For example, suppose you find that Navneet Education 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 |
Navneet Education 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 Navneet Education stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Navneet Education stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Navneet Education stock over time.
Current vs Lagged Prices |
| Timeline |
Navneet Education Lagged Returns
When evaluating Navneet Education's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Navneet Education stock have on its future price. Navneet Education 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, Navneet Education autocorrelation shows the relationship between Navneet Education stock current value and its past values and can show if there is a momentum factor associated with investing in Navneet Education 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 Navneet Stock
Navneet Education financial ratios help investors to determine whether Navneet 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 Navneet with respect to the benefits of owning Navneet Education security.