Rico Auto (India) Market Value
| RICOAUTO | 86.83 1.28 1.50% |
| Symbol | Rico |
Rico Auto '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 Rico Auto'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 Rico Auto.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in Rico Auto on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding Rico Auto Industries or generate 0.0% return on investment in Rico Auto over 90 days. Rico Auto is related to or competes with Paramount Communications, One 97, Pritish Nandy, Hilton Metal, Hisar Metal, Tamilnadu Telecommunicatio, and Hi Tech. Rico Auto is entity of India. It is traded as Stock on NSE exchange. More
Rico Auto 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 Rico Auto'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 Rico Auto Industries upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.28) | |||
| Maximum Drawdown | 11.81 | |||
| Value At Risk | (4.52) | |||
| Potential Upside | 3.21 |
Rico Auto Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rico Auto's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rico Auto's standard deviation. In reality, there are many statistical measures that can use Rico Auto historical prices to predict the future Rico Auto's volatility.| Risk Adjusted Performance | (0.16) | |||
| Jensen Alpha | (0.54) | |||
| Total Risk Alpha | (0.86) | |||
| Treynor Ratio | (1.68) |
Rico Auto Industries Backtested Returns
Rico Auto Industries maintains Sharpe Ratio (i.e., Efficiency) of -0.23, which implies the firm had a -0.23% return per unit of risk over the last 3 months. Rico Auto Industries exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Rico Auto's Risk Adjusted Performance of (0.16), coefficient of variation of (452.59), and Variance of 5.07 to confirm the risk estimate we provide. The company holds a Beta of 0.3, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Rico Auto's returns are expected to increase less than the market. However, during the bear market, the loss of holding Rico Auto is expected to be smaller as well. At this point, Rico Auto Industries has a negative expected return of -0.52%. Please make sure to check Rico Auto's information ratio, skewness, day typical price, as well as the relationship between the treynor ratio and daily balance of power , to decide if Rico Auto Industries performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.73 |
Good predictability
Rico Auto Industries has good predictability. Overlapping area represents the amount of predictability between Rico Auto time series from 28th of August 2024 to 12th of October 2024 and 12th 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 Rico Auto Industries price movement. The serial correlation of 0.73 indicates that around 73.0% of current Rico Auto price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 43.08 |
Rico Auto Industries lagged returns against current returns
Autocorrelation, which is Rico Auto 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 Rico Auto's stock expected returns. We can calculate the autocorrelation of Rico Auto returns to help us make a trade decision. For example, suppose you find that Rico Auto 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 |
Rico Auto 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 Rico Auto stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rico Auto stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rico Auto stock over time.
Current vs Lagged Prices |
| Timeline |
Rico Auto Lagged Returns
When evaluating Rico Auto's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rico Auto stock have on its future price. Rico Auto 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, Rico Auto autocorrelation shows the relationship between Rico Auto stock current value and its past values and can show if there is a momentum factor associated with investing in Rico Auto Industries.
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 Rico Stock Analysis
When running Rico Auto's price analysis, check to measure Rico Auto'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 Rico Auto is operating at the current time. Most of Rico Auto's value examination focuses on studying past and present price action to predict the probability of Rico Auto's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rico Auto's price. Additionally, you may evaluate how the addition of Rico Auto to your portfolios can decrease your overall portfolio volatility.