Sakar Healthcare (India) Market Value
| SAKAR Stock | 294.10 5.85 2.03% |
| Symbol | Sakar |
Sakar Healthcare '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 Sakar Healthcare'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 Sakar Healthcare.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in Sakar Healthcare on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding Sakar Healthcare Limited or generate 0.0% return on investment in Sakar Healthcare over 90 days. Sakar Healthcare is related to or competes with Kingfa Science, Rico Auto, GACM Technologies, COSMO FIRST, Tribhovandas Bhimji, Parag Milk, and Heubach Colorants. Sakar Healthcare is entity of India. It is traded as Stock on NSE exchange. More
Sakar Healthcare 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 Sakar Healthcare'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 Sakar Healthcare Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 11.7 | |||
| Value At Risk | (2.95) | |||
| Potential Upside | 3.67 |
Sakar Healthcare Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sakar Healthcare's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sakar Healthcare's standard deviation. In reality, there are many statistical measures that can use Sakar Healthcare historical prices to predict the future Sakar Healthcare's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.44) | |||
| Treynor Ratio | (1.07) |
Sakar Healthcare Backtested Returns
Sakar Healthcare owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0396, which indicates the firm had a -0.0396% return per unit of risk over the last 3 months. Sakar Healthcare Limited exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sakar Healthcare's Risk Adjusted Performance of (0.04), variance of 3.75, and Coefficient Of Variation of (1,529) to confirm the risk estimate we provide. The entity has a beta of 0.13, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sakar Healthcare's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sakar Healthcare is expected to be smaller as well. At this point, Sakar Healthcare has a negative expected return of -0.0789%. Please make sure to validate Sakar Healthcare's total risk alpha, skewness, as well as the relationship between the Skewness and day median price , to decide if Sakar Healthcare performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.15 |
Insignificant predictability
Sakar Healthcare Limited has insignificant predictability. Overlapping area represents the amount of predictability between Sakar Healthcare 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 Sakar Healthcare price movement. The serial correlation of 0.15 indicates that less than 15.0% of current Sakar Healthcare price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 110.29 |
Sakar Healthcare lagged returns against current returns
Autocorrelation, which is Sakar Healthcare 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 Sakar Healthcare's stock expected returns. We can calculate the autocorrelation of Sakar Healthcare returns to help us make a trade decision. For example, suppose you find that Sakar Healthcare 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 |
Sakar Healthcare 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 Sakar Healthcare stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sakar Healthcare stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sakar Healthcare stock over time.
Current vs Lagged Prices |
| Timeline |
Sakar Healthcare Lagged Returns
When evaluating Sakar Healthcare's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sakar Healthcare stock have on its future price. Sakar Healthcare 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, Sakar Healthcare autocorrelation shows the relationship between Sakar Healthcare stock current value and its past values and can show if there is a momentum factor associated with investing in Sakar Healthcare 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.Other Information on Investing in Sakar Stock
Sakar Healthcare financial ratios help investors to determine whether Sakar 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 Sakar with respect to the benefits of owning Sakar Healthcare security.