Ndr Auto (India) Market Value
| NDRAUTO Stock | 804.35 18.85 2.29% |
| 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.
| 12/21/2024 |
| 01/20/2025 |
If you would invest 0.00 in Ndr Auto on December 21, 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 Hindustan Media, Eros International, Silly Monks, Touchwood Entertainment, Indraprastha Medical, Transport, and Network18 Media. 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.
| Downside Deviation | 3.19 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 17.16 | |||
| Value At Risk | (4.72) | |||
| Potential Upside | 5.39 |
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 | 0.0133 | |||
| Jensen Alpha | 0.0102 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.0832 |
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
As of now, Ndr Stock is very steady. Ndr Auto Components has Sharpe Ratio of 0.0388, which conveys that the firm had a 0.0388 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Ndr Auto, which you can use to evaluate the volatility of the firm. Please verify Ndr Auto's Downside Deviation of 3.19, mean deviation of 2.42, and Risk Adjusted Performance of 0.0133 to check out if the risk estimate we provide is consistent with the expected return of 0.13%. Ndr Auto has a performance score of 3 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.16, which conveys not very significant fluctuations relative to the market. 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. Ndr Auto Components right now secures a risk of 3.3%. Please verify Ndr Auto Components potential upside, as well as the relationship between the kurtosis and day typical price , to decide if Ndr Auto Components will be following its current price movements.
Auto-correlation | -0.13 |
Insignificant reverse predictability
Ndr Auto Components has insignificant reverse predictability. Overlapping area represents the amount of predictability between Ndr Auto time series from 21st of December 2024 to 5th of January 2025 and 5th of January 2025 to 20th 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 -0.13 indicates that less than 13.0% of current Ndr Auto price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 722.95 |
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 |
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 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.