PB Fintech (India) Market Value
| POLICYBZR | 1,879 34.95 1.90% |
| Symbol | POLICYBZR |
PB Fintech '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 PB Fintech'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 PB Fintech.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in PB Fintech on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding PB Fintech Limited or generate 0.0% return on investment in PB Fintech over 30 days. PB Fintech is related to or competes with Gangotri Textiles, Hemisphere Properties, Kingfa Science, Rico Auto, GACM Technologies, Tribhovandas Bhimji, and Parag Milk. PB Fintech is entity of India. It is traded as Stock on NSE exchange. More
PB Fintech 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 PB Fintech'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 PB Fintech Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.17 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 11.05 | |||
| Value At Risk | (3.47) | |||
| Potential Upside | 4.46 |
PB Fintech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PB Fintech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PB Fintech's standard deviation. In reality, there are many statistical measures that can use PB Fintech historical prices to predict the future PB Fintech's volatility.| Risk Adjusted Performance | 0.0221 | |||
| Jensen Alpha | 0.0851 | |||
| Total Risk Alpha | (0.31) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | (0.09) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of PB Fintech's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
PB Fintech Limited Backtested Returns
At this point, PB Fintech is very steady. PB Fintech Limited retains Efficiency (Sharpe Ratio) of 0.0386, which implies the company had a 0.0386% return per unit of price deviation over the last 3 months. We have found twenty-nine technical indicators for PB Fintech, which you can use to evaluate the volatility of the entity. Please check PB Fintech's standard deviation of 2.32, and Market Risk Adjusted Performance of (0.08) to confirm if the risk estimate we provide is consistent with the expected return of 0.0891%. PB Fintech has a performance score of 3 on a scale of 0 to 100. The firm owns a Beta (Systematic Risk) of -0.42, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning PB Fintech are expected to decrease at a much lower rate. During the bear market, PB Fintech is likely to outperform the market. PB Fintech Limited today owns a risk of 2.31%. Please check PB Fintech Limited sortino ratio, semi variance, and the relationship between the standard deviation and value at risk , to decide if PB Fintech Limited will be following its current price history.
Auto-correlation | -0.16 |
Insignificant reverse predictability
PB Fintech Limited has insignificant reverse predictability. Overlapping area represents the amount of predictability between PB Fintech time series from 29th of October 2024 to 13th of November 2024 and 13th of November 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 PB Fintech Limited price movement. The serial correlation of -0.16 indicates that over 16.0% of current PB Fintech price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.16 | |
| Spearman Rank Test | -0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 5200.03 |
PB Fintech Limited lagged returns against current returns
Autocorrelation, which is PB Fintech 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 PB Fintech's stock expected returns. We can calculate the autocorrelation of PB Fintech returns to help us make a trade decision. For example, suppose you find that PB Fintech 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 |
PB Fintech 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 PB Fintech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PB Fintech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PB Fintech stock over time.
Current vs Lagged Prices |
| Timeline |
PB Fintech Lagged Returns
When evaluating PB Fintech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PB Fintech stock have on its future price. PB Fintech 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, PB Fintech autocorrelation shows the relationship between PB Fintech stock current value and its past values and can show if there is a momentum factor associated with investing in PB Fintech 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 POLICYBZR Stock
PB Fintech financial ratios help investors to determine whether POLICYBZR 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 POLICYBZR with respect to the benefits of owning PB Fintech security.