Servotech Power (India) Market Value
| SERVOTECH | 176.99 1.98 1.13% |
| Symbol | Servotech |
Servotech Power '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 Servotech Power'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 Servotech Power.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in Servotech Power on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding Servotech Power Systems or generate 0.0% return on investment in Servotech Power over 720 days. Servotech Power is related to or competes with Embassy Office, Vardhman Special, Prakash Steelage, Yatharth Hospital, Tata Steel, Manaksia Steels, and Medplus Health. Servotech Power is entity of India. It is traded as Stock on NSE exchange. More
Servotech Power 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 Servotech Power'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 Servotech Power Systems upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.03 | |||
| Information Ratio | 0.0952 | |||
| Maximum Drawdown | 15.0 | |||
| Value At Risk | (5.00) | |||
| Potential Upside | 6.81 |
Servotech Power Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Servotech Power's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Servotech Power's standard deviation. In reality, there are many statistical measures that can use Servotech Power historical prices to predict the future Servotech Power's volatility.| Risk Adjusted Performance | 0.1081 | |||
| Jensen Alpha | 0.436 | |||
| Total Risk Alpha | (0.1) | |||
| Sortino Ratio | 0.1124 | |||
| Treynor Ratio | 2.36 |
Servotech Power Systems Backtested Returns
Servotech Power appears to be very steady, given 3 months investment horizon. Servotech Power Systems owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the firm had a 0.11% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Servotech Power Systems, which you can use to evaluate the volatility of the company. Please review Servotech Power's Coefficient Of Variation of 762.51, semi deviation of 2.59, and Risk Adjusted Performance of 0.1081 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Servotech Power holds a performance score of 8. The entity has a beta of 0.19, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Servotech Power's returns are expected to increase less than the market. However, during the bear market, the loss of holding Servotech Power is expected to be smaller as well. Please check Servotech Power's total risk alpha, downside variance, as well as the relationship between the Downside Variance and daily balance of power , to make a quick decision on whether Servotech Power's existing price patterns will revert.
Auto-correlation | 0.14 |
Insignificant predictability
Servotech Power Systems has insignificant predictability. Overlapping area represents the amount of predictability between Servotech Power time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 to 27th 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 Servotech Power Systems price movement. The serial correlation of 0.14 indicates that less than 14.0% of current Servotech Power price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.14 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 1553.52 |
Servotech Power Systems lagged returns against current returns
Autocorrelation, which is Servotech Power 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 Servotech Power's stock expected returns. We can calculate the autocorrelation of Servotech Power returns to help us make a trade decision. For example, suppose you find that Servotech Power 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 |
Servotech Power 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 Servotech Power stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Servotech Power stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Servotech Power stock over time.
Current vs Lagged Prices |
| Timeline |
Servotech Power Lagged Returns
When evaluating Servotech Power's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Servotech Power stock have on its future price. Servotech Power 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, Servotech Power autocorrelation shows the relationship between Servotech Power stock current value and its past values and can show if there is a momentum factor associated with investing in Servotech Power Systems.
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 Servotech Stock
Servotech Power financial ratios help investors to determine whether Servotech 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 Servotech with respect to the benefits of owning Servotech Power security.