Patanjali Foods (India) Market Value
| PATANJALI | 1,810 17.25 0.96% |
| Symbol | Patanjali |
Patanjali Foods '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 Patanjali Foods' 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 Patanjali Foods.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Patanjali Foods on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Patanjali Foods Limited or generate 0.0% return on investment in Patanjali Foods over 30 days. Patanjali Foods is related to or competes with MRF, Bosch, Bajaj Holdings, Vardhman Holdings, Abbott India, Honeywell Automation, and Page Industries. Patanjali Foods is entity of India. It is traded as Stock on NSE exchange. More
Patanjali Foods 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 Patanjali Foods' 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 Patanjali Foods Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 12.36 | |||
| Value At Risk | (2.97) | |||
| Potential Upside | 2.61 |
Patanjali Foods Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Patanjali Foods' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Patanjali Foods' standard deviation. In reality, there are many statistical measures that can use Patanjali Foods historical prices to predict the future Patanjali Foods' volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.38) | |||
| Treynor Ratio | (0.24) |
Patanjali Foods Backtested Returns
Patanjali Foods maintains Sharpe Ratio (i.e., Efficiency) of -0.0592, which implies the firm had a -0.0592% return per unit of risk over the last 3 months. Patanjali Foods exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Patanjali Foods' Variance of 3.95, risk adjusted performance of (0.02), and Coefficient Of Variation of (2,706) to confirm the risk estimate we provide. The company holds a Beta of 0.35, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Patanjali Foods' returns are expected to increase less than the market. However, during the bear market, the loss of holding Patanjali Foods is expected to be smaller as well. At this point, Patanjali Foods has a negative expected return of -0.12%. Please make sure to check Patanjali Foods' accumulation distribution, as well as the relationship between the day typical price and relative strength index , to decide if Patanjali Foods performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.82 |
Excellent reverse predictability
Patanjali Foods Limited has excellent reverse predictability. Overlapping area represents the amount of predictability between Patanjali Foods time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Patanjali Foods price movement. The serial correlation of -0.82 indicates that around 82.0% of current Patanjali Foods price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.82 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 1653.93 |
Patanjali Foods lagged returns against current returns
Autocorrelation, which is Patanjali Foods 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 Patanjali Foods' stock expected returns. We can calculate the autocorrelation of Patanjali Foods returns to help us make a trade decision. For example, suppose you find that Patanjali Foods 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 |
Patanjali Foods 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 Patanjali Foods stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Patanjali Foods stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Patanjali Foods stock over time.
Current vs Lagged Prices |
| Timeline |
Patanjali Foods Lagged Returns
When evaluating Patanjali Foods' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Patanjali Foods stock have on its future price. Patanjali Foods 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, Patanjali Foods autocorrelation shows the relationship between Patanjali Foods stock current value and its past values and can show if there is a momentum factor associated with investing in Patanjali Foods 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 Patanjali Stock
Patanjali Foods financial ratios help investors to determine whether Patanjali 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 Patanjali with respect to the benefits of owning Patanjali Foods security.