Ndr Auto (India) Market Value
| NDRAUTO Stock | 799.55 11.20 1.42% |
| Symbol | Ndr |
Ndr Auto '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 Ndr Auto'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 Ndr Auto.
| 12/08/2024 |
| 01/07/2025 |
If you would invest 0.00 in Ndr Auto on December 8, 2024 and sell it all today you would earn a total of 0.00 from holding Ndr Auto Components or generate 0.0% return on investment in Ndr Auto over 30 days. Ndr Auto is related to or competes with Thirumalai Chemicals, Shree Pushkar, Gujarat Fluorochemicals, Sukhjit Starch, Rashtriya Chemicals, Reliance Communications, and Tamilnadu Telecommunicatio. Ndr Auto is entity of India. It is traded as Stock on NSE exchange. More
Ndr Auto 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 Ndr Auto'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 Ndr Auto Components upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 17.79 | |||
| Value At Risk | (5.82) | |||
| Potential Upside | 8.12 |
Ndr Auto Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ndr Auto's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ndr Auto's standard deviation. In reality, there are many statistical measures that can use Ndr Auto historical prices to predict the future Ndr Auto's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | (0.29) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ndr Auto'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.
Ndr Auto Components Backtested Returns
Ndr Auto Components has Sharpe Ratio of -0.0219, which conveys that the firm had a -0.0219% return per unit of risk over the last 3 months. Ndr Auto exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Ndr Auto's Risk Adjusted Performance of (0.02), mean deviation of 2.55, and Standard Deviation of 3.72 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.52, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Ndr Auto's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ndr Auto is expected to be smaller as well. At this point, Ndr Auto Components has a negative expected return of -0.0694%. Please make sure to verify Ndr Auto's maximum drawdown, accumulation distribution, as well as the relationship between the Accumulation Distribution and market facilitation index , to decide if Ndr Auto Components performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.22 |
Weak reverse predictability
Ndr Auto Components has weak reverse predictability. Overlapping area represents the amount of predictability between Ndr Auto time series from 8th of December 2024 to 23rd of December 2024 and 23rd of December 2024 to 7th 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 Ndr Auto Components price movement. The serial correlation of -0.22 indicates that over 22.0% of current Ndr Auto price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | -0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 1319.68 |
Ndr Auto Components lagged returns against current returns
Autocorrelation, which is Ndr Auto 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 Ndr Auto's stock expected returns. We can calculate the autocorrelation of Ndr Auto returns to help us make a trade decision. For example, suppose you find that Ndr Auto 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 |
Ndr Auto 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 Ndr Auto stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ndr Auto stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ndr Auto stock over time.
Current vs Lagged Prices |
| Timeline |
Ndr Auto Lagged Returns
When evaluating Ndr Auto's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ndr Auto stock have on its future price. Ndr Auto 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, Ndr Auto autocorrelation shows the relationship between Ndr Auto stock current value and its past values and can show if there is a momentum factor associated with investing in Ndr Auto Components.
Regressed Prices |
| Timeline |
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Other Information on Investing in Ndr Stock
Ndr Auto financial ratios help investors to determine whether Ndr 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 Ndr with respect to the benefits of owning Ndr Auto security.