Persistent Systems (India) Market Value
| PERSISTENT | 5,821 93.35 1.58% |
| Symbol | Persistent |
Persistent Systems '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 Persistent Systems' 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 Persistent Systems.
| 01/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in Persistent Systems on January 9, 2023 and sell it all today you would earn a total of 0.00 from holding Persistent Systems Limited or generate 0.0% return on investment in Persistent Systems over 690 days. Persistent Systems is related to or competes with Par Drugs, Indraprastha Medical, Pilani Investment, BF Utilities, Landmark Cars, S P, and VIP Clothing. Persistent Systems is entity of India. It is traded as Stock on NSE exchange. More
Persistent Systems 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 Persistent Systems' 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 Persistent Systems Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.9 | |||
| Information Ratio | 0.0597 | |||
| Maximum Drawdown | 14.77 | |||
| Value At Risk | (3.43) | |||
| Potential Upside | 2.7 |
Persistent Systems Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Persistent Systems' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Persistent Systems' standard deviation. In reality, there are many statistical measures that can use Persistent Systems historical prices to predict the future Persistent Systems' volatility.| Risk Adjusted Performance | 0.0959 | |||
| Jensen Alpha | 0.2468 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.069 | |||
| Treynor Ratio | (117.42) |
Persistent Systems Backtested Returns
Persistent Systems appears to be very steady, given 3 months investment horizon. Persistent Systems maintains Sharpe Ratio (i.e., Efficiency) of 0.0941, which implies the firm had a 0.0941% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Persistent Systems, which you can use to evaluate the volatility of the company. Please evaluate Persistent Systems' Semi Deviation of 1.65, risk adjusted performance of 0.0959, and Coefficient Of Variation of 857.18 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Persistent Systems holds a performance score of 7. The company holds a Beta of -0.0021, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Persistent Systems are expected to decrease at a much lower rate. During the bear market, Persistent Systems is likely to outperform the market. Please check Persistent Systems' potential upside, as well as the relationship between the kurtosis and day typical price , to make a quick decision on whether Persistent Systems' historical price patterns will revert.
Auto-correlation | 0.68 |
Good predictability
Persistent Systems Limited has good predictability. Overlapping area represents the amount of predictability between Persistent Systems time series from 9th of January 2023 to 20th of December 2023 and 20th of December 2023 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 Persistent Systems price movement. The serial correlation of 0.68 indicates that around 68.0% of current Persistent Systems price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | 0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 554 K |
Persistent Systems lagged returns against current returns
Autocorrelation, which is Persistent Systems 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 Persistent Systems' stock expected returns. We can calculate the autocorrelation of Persistent Systems returns to help us make a trade decision. For example, suppose you find that Persistent Systems 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 |
Persistent Systems 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 Persistent Systems stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Persistent Systems stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Persistent Systems stock over time.
Current vs Lagged Prices |
| Timeline |
Persistent Systems Lagged Returns
When evaluating Persistent Systems' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Persistent Systems stock have on its future price. Persistent Systems 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, Persistent Systems autocorrelation shows the relationship between Persistent Systems stock current value and its past values and can show if there is a momentum factor associated with investing in Persistent Systems Limited.
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 Persistent Stock Analysis
When running Persistent Systems' price analysis, check to measure Persistent Systems' 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 Persistent Systems is operating at the current time. Most of Persistent Systems' value examination focuses on studying past and present price action to predict the probability of Persistent Systems' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Persistent Systems' price. Additionally, you may evaluate how the addition of Persistent Systems to your portfolios can decrease your overall portfolio volatility.