Ola Electric (India) Market Value
| OLAELEC Stock | 74.33 5.19 7.51% |
| Symbol | Ola |
Ola Electric '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 Ola Electric'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 Ola Electric.
| 02/29/2024 |
| 11/25/2024 |
If you would invest 0.00 in Ola Electric on February 29, 2024 and sell it all today you would earn a total of 0.00 from holding Ola Electric Mobility or generate 0.0% return on investment in Ola Electric over 270 days. Ola Electric is related to or competes with Mahamaya Steel, Uniinfo Telecom, Jindal Steel, Steel Authority, Tata Steel, Vibhor Steel, and Tata Communications. Ola Electric is entity of India. It is traded as Stock on NSE exchange. More
Ola Electric 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 Ola Electric'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 Ola Electric Mobility upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 28.31 | |||
| Value At Risk | (5.87) | |||
| Potential Upside | 9.63 |
Ola Electric Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ola Electric's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ola Electric's standard deviation. In reality, there are many statistical measures that can use Ola Electric historical prices to predict the future Ola Electric's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (0.99) | |||
| Treynor Ratio | (0.49) |
Ola Electric Mobility Backtested Returns
Ola Electric Mobility maintains Sharpe Ratio (i.e., Efficiency) of -0.25, which implies the firm had a -0.25% return per unit of risk over the last 3 months. Ola Electric Mobility exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Ola Electric's Risk Adjusted Performance of (0.02), coefficient of variation of (2,456), and Variance of 24.42 to confirm the risk estimate we provide. The company holds a Beta of 0.44, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Ola Electric's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ola Electric is expected to be smaller as well. At this point, Ola Electric Mobility has a negative expected return of -0.8%. Please make sure to check Ola Electric's jensen alpha, accumulation distribution, relative strength index, as well as the relationship between the value at risk and day typical price , to decide if Ola Electric Mobility performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Ola Electric Mobility has no correlation between past and present. Overlapping area represents the amount of predictability between Ola Electric time series from 29th of February 2024 to 13th of July 2024 and 13th of July 2024 to 25th 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 Ola Electric Mobility price movement. The serial correlation of 0.0 indicates that just 0.0% of current Ola Electric price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Ola Electric Mobility lagged returns against current returns
Autocorrelation, which is Ola Electric 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 Ola Electric's stock expected returns. We can calculate the autocorrelation of Ola Electric returns to help us make a trade decision. For example, suppose you find that Ola Electric 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 |
Ola Electric 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 Ola Electric stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ola Electric stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ola Electric stock over time.
Current vs Lagged Prices |
| Timeline |
Ola Electric Lagged Returns
When evaluating Ola Electric's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ola Electric stock have on its future price. Ola Electric 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, Ola Electric autocorrelation shows the relationship between Ola Electric stock current value and its past values and can show if there is a momentum factor associated with investing in Ola Electric Mobility.
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 Ola Stock
Ola Electric financial ratios help investors to determine whether Ola 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 Ola with respect to the benefits of owning Ola Electric security.