Poly Medicure (India) Market Value
| POLYMED Stock | 2,582 6.90 0.27% |
| Symbol | Poly |
Poly Medicure '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 Poly Medicure'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 Poly Medicure.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Poly Medicure on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding Poly Medicure Limited or generate 0.0% return on investment in Poly Medicure over 30 days. Poly Medicure is related to or competes with Life Insurance, Power Finance, HDFC Bank, State Bank, REC, Indian Railway, and SBI Life. Poly Medicure is entity of India. It is traded as Stock on NSE exchange. More
Poly Medicure 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 Poly Medicure'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 Poly Medicure Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.4 | |||
| Information Ratio | 0.0594 | |||
| Maximum Drawdown | 16.94 | |||
| Value At Risk | (3.13) | |||
| Potential Upside | 5.22 |
Poly Medicure Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Poly Medicure's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Poly Medicure's standard deviation. In reality, there are many statistical measures that can use Poly Medicure historical prices to predict the future Poly Medicure's volatility.| Risk Adjusted Performance | 0.0895 | |||
| Jensen Alpha | 0.4121 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | 0.0674 | |||
| Treynor Ratio | (0.26) |
Poly Medicure Limited Backtested Returns
Poly Medicure appears to be very steady, given 3 months investment horizon. Poly Medicure Limited maintains Sharpe Ratio (i.e., Efficiency) of 0.0742, which implies the firm had a 0.0742% return per unit of risk over the last 3 months. We have found thirty technical indicators for Poly Medicure Limited, which you can use to evaluate the volatility of the company. Please evaluate Poly Medicure's Risk Adjusted Performance of 0.0895, coefficient of variation of 932.33, and Semi Deviation of 2.16 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Poly Medicure holds a performance score of 5. The company holds a Beta of -1.07, which implies a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Poly Medicure are expected to decrease slowly. On the other hand, during market turmoil, Poly Medicure is expected to outperform it slightly. Please check Poly Medicure's value at risk, as well as the relationship between the kurtosis and market facilitation index , to make a quick decision on whether Poly Medicure's historical price patterns will revert.
Auto-correlation | -0.69 |
Very good reverse predictability
Poly Medicure Limited has very good reverse predictability. Overlapping area represents the amount of predictability between Poly Medicure time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 to 24th 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 Poly Medicure Limited price movement. The serial correlation of -0.69 indicates that around 69.0% of current Poly Medicure price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.69 | |
| Spearman Rank Test | -0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 2910.23 |
Poly Medicure Limited lagged returns against current returns
Autocorrelation, which is Poly Medicure 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 Poly Medicure's stock expected returns. We can calculate the autocorrelation of Poly Medicure returns to help us make a trade decision. For example, suppose you find that Poly Medicure 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 |
Poly Medicure 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 Poly Medicure stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Poly Medicure stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Poly Medicure stock over time.
Current vs Lagged Prices |
| Timeline |
Poly Medicure Lagged Returns
When evaluating Poly Medicure's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Poly Medicure stock have on its future price. Poly Medicure 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, Poly Medicure autocorrelation shows the relationship between Poly Medicure stock current value and its past values and can show if there is a momentum factor associated with investing in Poly Medicure 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 Poly Stock
Poly Medicure financial ratios help investors to determine whether Poly 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 Poly with respect to the benefits of owning Poly Medicure security.