Page Industries (India) Market Value
| PAGEIND Stock | 44,971 515.95 1.13% |
| Symbol | Page |
Page Industries '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 Page Industries' 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 Page Industries.
| 09/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Page Industries on September 29, 2024 and sell it all today you would earn a total of 0.00 from holding Page Industries Limited or generate 0.0% return on investment in Page Industries over 60 days. Page Industries is related to or competes with Indian Railway, Cholamandalam Financial, Reliance Industries, Tata Consultancy, and Piramal Enterprises. Page Industries is entity of India. It is traded as Stock on NSE exchange. More
Page Industries 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 Page Industries' 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 Page Industries Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.4 | |||
| Information Ratio | 0.0022 | |||
| Maximum Drawdown | 9.34 | |||
| Value At Risk | (2.46) | |||
| Potential Upside | 3.44 |
Page Industries Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Page Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Page Industries' standard deviation. In reality, there are many statistical measures that can use Page Industries historical prices to predict the future Page Industries' volatility.| Risk Adjusted Performance | 0.0638 | |||
| Jensen Alpha | 0.0626 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | 0.0026 | |||
| Treynor Ratio | 0.2435 |
Page Industries Backtested Returns
At this point, Page Industries is very steady. Page Industries maintains Sharpe Ratio (i.e., Efficiency) of 0.0659, which implies the firm had a 0.0659% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Page Industries, which you can use to evaluate the volatility of the company. Please check Page Industries' Semi Deviation of 1.25, risk adjusted performance of 0.0638, and Coefficient Of Variation of 1314.49 to confirm if the risk estimate we provide is consistent with the expected return of 0.11%. Page Industries has a performance score of 5 on a scale of 0 to 100. The company holds a Beta of 0.49, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Page Industries' returns are expected to increase less than the market. However, during the bear market, the loss of holding Page Industries is expected to be smaller as well. Page Industries right now holds a risk of 1.73%. Please check Page Industries jensen alpha, potential upside, accumulation distribution, as well as the relationship between the treynor ratio and expected short fall , to decide if Page Industries will be following its historical price patterns.
Auto-correlation | 0.73 |
Good predictability
Page Industries Limited has good predictability. Overlapping area represents the amount of predictability between Page Industries time series from 29th of September 2024 to 29th of October 2024 and 29th of October 2024 to 28th 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 Page Industries price movement. The serial correlation of 0.73 indicates that around 73.0% of current Page Industries price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 1.9 M |
Page Industries lagged returns against current returns
Autocorrelation, which is Page Industries 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 Page Industries' stock expected returns. We can calculate the autocorrelation of Page Industries returns to help us make a trade decision. For example, suppose you find that Page Industries 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 |
Page Industries 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 Page Industries stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Page Industries stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Page Industries stock over time.
Current vs Lagged Prices |
| Timeline |
Page Industries Lagged Returns
When evaluating Page Industries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Page Industries stock have on its future price. Page Industries 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, Page Industries autocorrelation shows the relationship between Page Industries stock current value and its past values and can show if there is a momentum factor associated with investing in Page Industries 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 Page Stock
Page Industries financial ratios help investors to determine whether Page 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 Page with respect to the benefits of owning Page Industries security.