One 97 (India) Market Value
| PAYTM Stock | 901.75 24.90 2.69% |
| Symbol | One |
One 97 '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 One 97'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 One 97.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in One 97 on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding One 97 Communications or generate 0.0% return on investment in One 97 over 30 days. One 97 is related to or competes with Newgen Software, UltraTech Cement, Nazara Technologies, Sintex Plastics, Modi Rubber, and PYRAMID TECHNOPLAST. One 97 is entity of India. It is traded as Stock on NSE exchange. More
One 97 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 One 97'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 One 97 Communications upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.9 | |||
| Information Ratio | 0.1853 | |||
| Maximum Drawdown | 20.59 | |||
| Value At Risk | (4.62) | |||
| Potential Upside | 6.62 |
One 97 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for One 97's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as One 97's standard deviation. In reality, there are many statistical measures that can use One 97 historical prices to predict the future One 97's volatility.| Risk Adjusted Performance | 0.1767 | |||
| Jensen Alpha | 0.805 | |||
| Total Risk Alpha | 0.1989 | |||
| Sortino Ratio | 0.2482 | |||
| Treynor Ratio | 2.54 |
One 97 Communications Backtested Returns
One 97 appears to be very steady, given 3 months investment horizon. One 97 Communications maintains Sharpe Ratio (i.e., Efficiency) of 0.19, which implies the firm had a 0.19% return per unit of risk over the last 3 months. By analyzing One 97's technical indicators, you can evaluate if the expected return of 0.69% is justified by implied risk. Please evaluate One 97's Coefficient Of Variation of 453.16, risk adjusted performance of 0.1767, and Semi Deviation of 2.51 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, One 97 holds a performance score of 14. The company holds a Beta of 0.33, which implies possible diversification benefits within a given portfolio. As returns on the market increase, One 97's returns are expected to increase less than the market. However, during the bear market, the loss of holding One 97 is expected to be smaller as well. Please check One 97's potential upside, and the relationship between the total risk alpha and kurtosis , to make a quick decision on whether One 97's historical price patterns will revert.
Auto-correlation | 0.60 |
Good predictability
One 97 Communications has good predictability. Overlapping area represents the amount of predictability between One 97 time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 One 97 Communications price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current One 97 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.6 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 2258.75 |
One 97 Communications lagged returns against current returns
Autocorrelation, which is One 97 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 One 97's stock expected returns. We can calculate the autocorrelation of One 97 returns to help us make a trade decision. For example, suppose you find that One 97 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 |
One 97 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 One 97 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if One 97 stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in One 97 stock over time.
Current vs Lagged Prices |
| Timeline |
One 97 Lagged Returns
When evaluating One 97's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of One 97 stock have on its future price. One 97 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, One 97 autocorrelation shows the relationship between One 97 stock current value and its past values and can show if there is a momentum factor associated with investing in One 97 Communications.
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 One Stock
One 97 financial ratios help investors to determine whether One 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 One with respect to the benefits of owning One 97 security.