PVR INOX (India) Market Value
| PVRINOX Stock | 1,445 30.30 2.05% |
| Symbol | PVR |
PVR INOX '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 PVR INOX'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 PVR INOX.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in PVR INOX on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding PVR INOX or generate 0.0% return on investment in PVR INOX over 720 days. PVR INOX is related to or competes with Meghmani Organics, Mrs Bectors, Vidhi Specialty, Landmark Cars, Sapphire Foods, and Praxis Home. PVR INOX is entity of India. It is traded as Stock on NSE exchange. More
PVR INOX 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 PVR INOX'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 PVR INOX upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 8.7 | |||
| Value At Risk | (3.01) | |||
| Potential Upside | 2.97 |
PVR INOX Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PVR INOX's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PVR INOX's standard deviation. In reality, there are many statistical measures that can use PVR INOX historical prices to predict the future PVR INOX's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.28) | |||
| Treynor Ratio | (0.60) |
PVR INOX Backtested Returns
PVR INOX maintains Sharpe Ratio (i.e., Efficiency) of -0.0323, which implies the firm had a -0.0323% return per unit of standard deviation over the last 3 months. PVR INOX exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check PVR INOX's Market Risk Adjusted Performance of (0.59), risk adjusted performance of (0.01), and Coefficient Of Variation of (3,745) to confirm the risk estimate we provide. The company holds a Beta of 0.0935, which implies not very significant fluctuations relative to the market. As returns on the market increase, PVR INOX's returns are expected to increase less than the market. However, during the bear market, the loss of holding PVR INOX is expected to be smaller as well. At this point, PVR INOX has a negative expected return of -0.0565%. Please make sure to check PVR INOX's maximum drawdown, accumulation distribution, as well as the relationship between the Accumulation Distribution and market facilitation index , to decide if PVR INOX performance from the past will be repeated at some future point.
Auto-correlation | 0.72 |
Good predictability
PVR INOX has good predictability. Overlapping area represents the amount of predictability between PVR INOX time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 PVR INOX price movement. The serial correlation of 0.72 indicates that around 72.0% of current PVR INOX price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.72 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 16.5 K |
PVR INOX lagged returns against current returns
Autocorrelation, which is PVR INOX 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 PVR INOX's stock expected returns. We can calculate the autocorrelation of PVR INOX returns to help us make a trade decision. For example, suppose you find that PVR INOX 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 |
PVR INOX 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 PVR INOX stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PVR INOX stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PVR INOX stock over time.
Current vs Lagged Prices |
| Timeline |
PVR INOX Lagged Returns
When evaluating PVR INOX's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PVR INOX stock have on its future price. PVR INOX 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, PVR INOX autocorrelation shows the relationship between PVR INOX stock current value and its past values and can show if there is a momentum factor associated with investing in PVR INOX.
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 PVR Stock Analysis
When running PVR INOX's price analysis, check to measure PVR INOX's 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 PVR INOX is operating at the current time. Most of PVR INOX's value examination focuses on studying past and present price action to predict the probability of PVR INOX's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move PVR INOX's price. Additionally, you may evaluate how the addition of PVR INOX to your portfolios can decrease your overall portfolio volatility.