Share India (India) Market Value
| SHAREINDIA | 289.65 4.30 1.51% |
| Symbol | Share |
Share India '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 Share India'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 Share India.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Share India on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Share India Securities or generate 0.0% return on investment in Share India over 30 days. Share India is related to or competes with DMCC SPECIALITY, V2 Retail, Neogen Chemicals, Vishnu Chemicals, Thirumalai Chemicals, V-Mart Retail, and Dharani SugarsChemicals. Share India is entity of India. It is traded as Stock on NSE exchange. More
Share India 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 Share India'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 Share India Securities upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.06 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 12.4 | |||
| Value At Risk | (2.96) | |||
| Potential Upside | 3.96 |
Share India Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Share India's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Share India's standard deviation. In reality, there are many statistical measures that can use Share India historical prices to predict the future Share India's volatility.| Risk Adjusted Performance | 0.008 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.34) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | (0.03) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Share India's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Share India Securities Backtested Returns
As of now, Share Stock is very steady. Share India Securities owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0117, which indicates the firm had a 0.0117% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Share India Securities, which you can use to evaluate the volatility of the company. Please validate Share India's Coefficient Of Variation of 53322.1, semi deviation of 2.0, and Risk Adjusted Performance of 0.008 to confirm if the risk estimate we provide is consistent with the expected return of 0.0269%. The entity has a beta of 0.19, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Share India's returns are expected to increase less than the market. However, during the bear market, the loss of holding Share India is expected to be smaller as well. Share India Securities right now has a risk of 2.3%. Please validate Share India downside variance, day median price, and the relationship between the treynor ratio and kurtosis , to decide if Share India will be following its existing price patterns.
Auto-correlation | -0.63 |
Very good reverse predictability
Share India Securities has very good reverse predictability. Overlapping area represents the amount of predictability between Share India time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Share India Securities price movement. The serial correlation of -0.63 indicates that roughly 63.0% of current Share India price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.63 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 71.54 |
Share India Securities lagged returns against current returns
Autocorrelation, which is Share India 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 Share India's stock expected returns. We can calculate the autocorrelation of Share India returns to help us make a trade decision. For example, suppose you find that Share India 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 |
Share India 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 Share India stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Share India stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Share India stock over time.
Current vs Lagged Prices |
| Timeline |
Share India Lagged Returns
When evaluating Share India's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Share India stock have on its future price. Share India 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, Share India autocorrelation shows the relationship between Share India stock current value and its past values and can show if there is a momentum factor associated with investing in Share India Securities.
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 Share Stock
Share India financial ratios help investors to determine whether Share 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 Share with respect to the benefits of owning Share India security.