Praxis Home (India) Market Value
| PRAXIS Stock | 22.27 1.06 5.00% |
| Symbol | Praxis |
Praxis Home '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 Praxis Home'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 Praxis Home.
| 05/04/2023 |
| 11/24/2024 |
If you would invest 0.00 in Praxis Home on May 4, 2023 and sell it all today you would earn a total of 0.00 from holding Praxis Home Retail or generate 0.0% return on investment in Praxis Home over 570 days. Praxis Home is related to or competes with Kaushalya Infrastructure, MMTC, Kingfa Science, Rico Auto, GACM Technologies, COSMO FIRST, and Delta Manufacturing. Praxis Home is entity of India. It is traded as Stock on NSE exchange. More
Praxis Home 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 Praxis Home'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 Praxis Home Retail upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.22 | |||
| Information Ratio | 0.1888 | |||
| Maximum Drawdown | 10.03 | |||
| Value At Risk | (5.01) | |||
| Potential Upside | 4.99 |
Praxis Home Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Praxis Home's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Praxis Home's standard deviation. In reality, there are many statistical measures that can use Praxis Home historical prices to predict the future Praxis Home's volatility.| Risk Adjusted Performance | 0.1862 | |||
| Jensen Alpha | 0.6092 | |||
| Total Risk Alpha | 0.2129 | |||
| Sortino Ratio | 0.1726 | |||
| Treynor Ratio | 1.21 |
Praxis Home Retail Backtested Returns
Praxis Home appears to be not too volatile, given 3 months investment horizon. Praxis Home Retail maintains Sharpe Ratio (i.e., Efficiency) of 0.24, which implies the firm had a 0.24% return per unit of risk over the last 3 months. By analyzing Praxis Home's technical indicators, you can evaluate if the expected return of 0.72% is justified by implied risk. Please evaluate Praxis Home's Semi Deviation of 2.84, risk adjusted performance of 0.1862, and Coefficient Of Variation of 428.81 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Praxis Home holds a performance score of 19. The company holds a Beta of 0.56, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Praxis Home's returns are expected to increase less than the market. However, during the bear market, the loss of holding Praxis Home is expected to be smaller as well. Please check Praxis Home's standard deviation, expected short fall, period momentum indicator, as well as the relationship between the maximum drawdown and rate of daily change , to make a quick decision on whether Praxis Home's historical price patterns will revert.
Auto-correlation | -0.01 |
Very weak reverse predictability
Praxis Home Retail has very weak reverse predictability. Overlapping area represents the amount of predictability between Praxis Home time series from 4th of May 2023 to 13th of February 2024 and 13th of February 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 Praxis Home Retail price movement. The serial correlation of -0.01 indicates that just 1.0% of current Praxis Home price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 18.02 |
Praxis Home Retail lagged returns against current returns
Autocorrelation, which is Praxis Home 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 Praxis Home's stock expected returns. We can calculate the autocorrelation of Praxis Home returns to help us make a trade decision. For example, suppose you find that Praxis Home 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 |
Praxis Home 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 Praxis Home stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Praxis Home stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Praxis Home stock over time.
Current vs Lagged Prices |
| Timeline |
Praxis Home Lagged Returns
When evaluating Praxis Home's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Praxis Home stock have on its future price. Praxis Home 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, Praxis Home autocorrelation shows the relationship between Praxis Home stock current value and its past values and can show if there is a momentum factor associated with investing in Praxis Home Retail.
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 Praxis Stock
Praxis Home financial ratios help investors to determine whether Praxis 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 Praxis with respect to the benefits of owning Praxis Home security.