Popular Vehicles (India) Market Value
| PVSL Stock | 157.69 0.48 0.30% |
| Symbol | Popular |
Popular Vehicles '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 Popular Vehicles' 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 Popular Vehicles.
| 09/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Popular Vehicles on September 27, 2024 and sell it all today you would earn a total of 0.00 from holding Popular Vehicles and or generate 0.0% return on investment in Popular Vehicles over 60 days. Popular Vehicles is related to or competes with Cartrade Tech, Landmark Cars, Kingfa Science, Rico Auto, GACM Technologies, COSMO FIRST, and Delta Manufacturing. Popular Vehicles is entity of India. It is traded as Stock on NSE exchange. More
Popular Vehicles 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 Popular Vehicles' 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 Popular Vehicles and upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.41) | |||
| Maximum Drawdown | 8.1 | |||
| Value At Risk | (3.46) | |||
| Potential Upside | 1.91 |
Popular Vehicles Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Popular Vehicles' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Popular Vehicles' standard deviation. In reality, there are many statistical measures that can use Popular Vehicles historical prices to predict the future Popular Vehicles' volatility.| Risk Adjusted Performance | (0.25) | |||
| Jensen Alpha | (0.53) | |||
| Total Risk Alpha | (0.81) | |||
| Treynor Ratio | 3.17 |
Popular Vehicles Backtested Returns
Popular Vehicles maintains Sharpe Ratio (i.e., Efficiency) of -0.37, which implies the firm had a -0.37% return per unit of risk over the last 3 months. Popular Vehicles exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Popular Vehicles' Variance of 2.74, risk adjusted performance of (0.25), and Coefficient Of Variation of (304.31) to confirm the risk estimate we provide. The company holds a Beta of -0.17, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Popular Vehicles are expected to decrease at a much lower rate. During the bear market, Popular Vehicles is likely to outperform the market. At this point, Popular Vehicles has a negative expected return of -0.6%. Please make sure to check Popular Vehicles' maximum drawdown, potential upside, kurtosis, as well as the relationship between the value at risk and skewness , to decide if Popular Vehicles performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.88 |
Very good predictability
Popular Vehicles and has very good predictability. Overlapping area represents the amount of predictability between Popular Vehicles time series from 27th of September 2024 to 27th of October 2024 and 27th of October 2024 to 26th 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 Popular Vehicles price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current Popular Vehicles price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.88 | |
| Spearman Rank Test | 0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 40.02 |
Popular Vehicles lagged returns against current returns
Autocorrelation, which is Popular Vehicles 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 Popular Vehicles' stock expected returns. We can calculate the autocorrelation of Popular Vehicles returns to help us make a trade decision. For example, suppose you find that Popular Vehicles 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 |
Popular Vehicles 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 Popular Vehicles stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Popular Vehicles stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Popular Vehicles stock over time.
Current vs Lagged Prices |
| Timeline |
Popular Vehicles Lagged Returns
When evaluating Popular Vehicles' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Popular Vehicles stock have on its future price. Popular Vehicles 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, Popular Vehicles autocorrelation shows the relationship between Popular Vehicles stock current value and its past values and can show if there is a momentum factor associated with investing in Popular Vehicles and.
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.Additional Tools for Popular Stock Analysis
When running Popular Vehicles' price analysis, check to measure Popular Vehicles' 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 Popular Vehicles is operating at the current time. Most of Popular Vehicles' value examination focuses on studying past and present price action to predict the probability of Popular Vehicles' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Popular Vehicles' price. Additionally, you may evaluate how the addition of Popular Vehicles to your portfolios can decrease your overall portfolio volatility.