Apeejay Surrendra (India) Market Value
| PARKHOTELS | 148.46 2.73 1.87% |
| Symbol | Apeejay |
Apeejay Surrendra '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 Apeejay Surrendra'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 Apeejay Surrendra.
| 05/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in Apeejay Surrendra on May 27, 2024 and sell it all today you would earn a total of 0.00 from holding Apeejay Surrendra Park or generate 0.0% return on investment in Apeejay Surrendra over 180 days. Apeejay Surrendra is related to or competes with MMTC, Kingfa Science, Rico Auto, GACM Technologies, COSMO FIRST, Delta Manufacturing, and Tribhovandas Bhimji. Apeejay Surrendra is entity of India. It is traded as Stock on NSE exchange. More
Apeejay Surrendra 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 Apeejay Surrendra'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 Apeejay Surrendra Park upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 9.45 | |||
| Value At Risk | (2.58) | |||
| Potential Upside | 3.28 |
Apeejay Surrendra Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Apeejay Surrendra's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Apeejay Surrendra's standard deviation. In reality, there are many statistical measures that can use Apeejay Surrendra historical prices to predict the future Apeejay Surrendra's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (0.57) | |||
| Treynor Ratio | 12.45 |
Apeejay Surrendra Park Backtested Returns
Apeejay Surrendra Park secures Sharpe Ratio (or Efficiency) of -0.15, which signifies that the company had a -0.15% return per unit of standard deviation over the last 3 months. Apeejay Surrendra Park exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Apeejay Surrendra's mean deviation of 1.4, and Risk Adjusted Performance of (0.10) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0221, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Apeejay Surrendra are expected to decrease at a much lower rate. During the bear market, Apeejay Surrendra is likely to outperform the market. At this point, Apeejay Surrendra Park has a negative expected return of -0.27%. Please make sure to confirm Apeejay Surrendra's skewness, and the relationship between the treynor ratio and rate of daily change , to decide if Apeejay Surrendra Park performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.39 |
Poor reverse predictability
Apeejay Surrendra Park has poor reverse predictability. Overlapping area represents the amount of predictability between Apeejay Surrendra time series from 27th of May 2024 to 25th of August 2024 and 25th of August 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 Apeejay Surrendra Park price movement. The serial correlation of -0.39 indicates that just about 39.0% of current Apeejay Surrendra price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 123.0 |
Apeejay Surrendra Park lagged returns against current returns
Autocorrelation, which is Apeejay Surrendra 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 Apeejay Surrendra's stock expected returns. We can calculate the autocorrelation of Apeejay Surrendra returns to help us make a trade decision. For example, suppose you find that Apeejay Surrendra 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 |
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Apeejay Surrendra 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 Apeejay Surrendra stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Apeejay Surrendra stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Apeejay Surrendra stock over time.
Current vs Lagged Prices |
| Timeline |
Apeejay Surrendra Lagged Returns
When evaluating Apeejay Surrendra's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Apeejay Surrendra stock have on its future price. Apeejay Surrendra 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, Apeejay Surrendra autocorrelation shows the relationship between Apeejay Surrendra stock current value and its past values and can show if there is a momentum factor associated with investing in Apeejay Surrendra Park.
Regressed Prices |
| Timeline |
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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.Additional Tools for Apeejay Stock Analysis
When running Apeejay Surrendra's price analysis, check to measure Apeejay Surrendra's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Apeejay Surrendra is operating at the current time. Most of Apeejay Surrendra's value examination focuses on studying past and present price action to predict the probability of Apeejay Surrendra's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Apeejay Surrendra's price. Additionally, you may evaluate how the addition of Apeejay Surrendra to your portfolios can decrease your overall portfolio volatility.