Redington (India) Market Value
| REDINGTON | 191.25 2.63 1.36% |
| Symbol | Redington |
Redington '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 Redington'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 Redington.
| 12/02/2022 |
| 11/21/2024 |
If you would invest 0.00 in Redington on December 2, 2022 and sell it all today you would earn a total of 0.00 from holding Redington Limited or generate 0.0% return on investment in Redington over 720 days. Redington is related to or competes with Bharat Road, Varun Beverages, Transport, Lemon Tree, Man Infraconstructio, Advani Hotels, and Total Transport. Redington is entity of India. It is traded as Stock on NSE exchange. More
Redington 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 Redington'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 Redington Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 12.65 | |||
| Value At Risk | (2.86) | |||
| Potential Upside | 4.27 |
Redington Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Redington's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Redington's standard deviation. In reality, there are many statistical measures that can use Redington historical prices to predict the future Redington's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | (0.84) |
Redington Limited Backtested Returns
Redington Limited maintains Sharpe Ratio (i.e., Efficiency) of -0.0445, which implies the firm had a -0.0445% return per unit of risk over the last 3 months. Redington Limited exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Redington's Risk Adjusted Performance of (0.01), coefficient of variation of (4,837), and Variance of 4.72 to confirm the risk estimate we provide. The company holds a Beta of 0.0655, which implies not very significant fluctuations relative to the market. As returns on the market increase, Redington's returns are expected to increase less than the market. However, during the bear market, the loss of holding Redington is expected to be smaller as well. At this point, Redington Limited has a negative expected return of -0.0981%. Please make sure to check Redington's maximum drawdown, as well as the relationship between the accumulation distribution and price action indicator , to decide if Redington Limited performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.04 |
Virtually no predictability
Redington Limited has virtually no predictability. Overlapping area represents the amount of predictability between Redington time series from 2nd of December 2022 to 27th of November 2023 and 27th of November 2023 to 21st 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 Redington Limited price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current Redington price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.04 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 253.86 |
Redington Limited lagged returns against current returns
Autocorrelation, which is Redington 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 Redington's stock expected returns. We can calculate the autocorrelation of Redington returns to help us make a trade decision. For example, suppose you find that Redington 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 |
Redington 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 Redington stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Redington stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Redington stock over time.
Current vs Lagged Prices |
| Timeline |
Redington Lagged Returns
When evaluating Redington's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Redington stock have on its future price. Redington 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, Redington autocorrelation shows the relationship between Redington stock current value and its past values and can show if there is a momentum factor associated with investing in Redington Limited.
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 Redington Stock Analysis
When running Redington's price analysis, check to measure Redington'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 Redington is operating at the current time. Most of Redington's value examination focuses on studying past and present price action to predict the probability of Redington's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Redington's price. Additionally, you may evaluate how the addition of Redington to your portfolios can decrease your overall portfolio volatility.