Redtape (India) Market Value
| REDTAPE Stock | 760.25 15.25 1.97% |
| Symbol | Redtape |
Redtape '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 Redtape'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 Redtape.
| 12/22/2024 |
| 01/21/2025 |
If you would invest 0.00 in Redtape on December 22, 2024 and sell it all today you would earn a total of 0.00 from holding Redtape Limited or generate 0.0% return on investment in Redtape over 30 days. Redtape is related to or competes with State Bank, Reliance Industries, HDFC Bank, Tata Motors, and ICICI Bank. Redtape is entity of India. It is traded as Stock on NSE exchange. More
Redtape 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 Redtape'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 Redtape Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 14.49 | |||
| Value At Risk | (4.52) | |||
| Potential Upside | 3.52 |
Redtape Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Redtape's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Redtape's standard deviation. In reality, there are many statistical measures that can use Redtape historical prices to predict the future Redtape's volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.33) | |||
| Total Risk Alpha | (0.38) | |||
| Treynor Ratio | (1.01) |
Redtape Limited Backtested Returns
Redtape Limited maintains Sharpe Ratio (i.e., Efficiency) of -0.12, which implies the firm had a -0.12 % return per unit of risk over the last 3 months. Redtape Limited exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Redtape's Coefficient Of Variation of (786.45), risk adjusted performance of (0.1), and Variance of 6.16 to confirm the risk estimate we provide. The company holds a Beta of 0.32, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Redtape's returns are expected to increase less than the market. However, during the bear market, the loss of holding Redtape is expected to be smaller as well. At this point, Redtape Limited has a negative expected return of -0.3%. Please make sure to check Redtape's total risk alpha, kurtosis, market facilitation index, as well as the relationship between the value at risk and rate of daily change , to decide if Redtape Limited performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.22 |
Weak predictability
Redtape Limited has weak predictability. Overlapping area represents the amount of predictability between Redtape time series from 22nd of December 2024 to 6th of January 2025 and 6th of January 2025 to 21st of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Redtape Limited price movement. The serial correlation of 0.22 indicates that over 22.0% of current Redtape price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.22 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 1273.98 |
Redtape Limited lagged returns against current returns
Autocorrelation, which is Redtape 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 Redtape's stock expected returns. We can calculate the autocorrelation of Redtape returns to help us make a trade decision. For example, suppose you find that Redtape 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 |
Redtape 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 Redtape stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Redtape stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Redtape stock over time.
Current vs Lagged Prices |
| Timeline |
Redtape Lagged Returns
When evaluating Redtape's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Redtape stock have on its future price. Redtape 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, Redtape autocorrelation shows the relationship between Redtape stock current value and its past values and can show if there is a momentum factor associated with investing in Redtape 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 Redtape Stock
Redtape financial ratios help investors to determine whether Redtape 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 Redtape with respect to the benefits of owning Redtape security.