Shriram Finance (India) Market Value
| SHRIRAMFIN | 3,046 98.55 3.34% |
| Symbol | Shriram |
Shriram Finance '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 Shriram Finance'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 Shriram Finance.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Shriram Finance on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Shriram Finance Limited or generate 0.0% return on investment in Shriram Finance over 30 days. Shriram Finance is related to or competes with Reliance Industries, Life Insurance, Indian Oil, and Oil Natural. Shriram Finance is entity of India. It is traded as Stock on NSE exchange. More
Shriram Finance 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 Shriram Finance'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 Shriram Finance Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 9.08 | |||
| Value At Risk | (3.66) | |||
| Potential Upside | 3.43 |
Shriram Finance Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shriram Finance's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shriram Finance's standard deviation. In reality, there are many statistical measures that can use Shriram Finance historical prices to predict the future Shriram Finance's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.39) | |||
| Treynor Ratio | (0.18) |
Shriram Finance Backtested Returns
Shriram Finance owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0244, which indicates the firm had a -0.0244% return per unit of risk over the last 3 months. Shriram Finance Limited exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Shriram Finance's Risk Adjusted Performance of (0.02), variance of 3.75, and Coefficient Of Variation of (2,550) to confirm the risk estimate we provide. The entity has a beta of 0.46, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Shriram Finance's returns are expected to increase less than the market. However, during the bear market, the loss of holding Shriram Finance is expected to be smaller as well. At this point, Shriram Finance has a negative expected return of -0.0491%. Please make sure to validate Shriram Finance's maximum drawdown, accumulation distribution, as well as the relationship between the Accumulation Distribution and market facilitation index , to decide if Shriram Finance performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.23 |
Weak reverse predictability
Shriram Finance Limited has weak reverse predictability. Overlapping area represents the amount of predictability between Shriram Finance time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 Shriram Finance price movement. The serial correlation of -0.23 indicates that over 23.0% of current Shriram Finance price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.23 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 6255.66 |
Shriram Finance lagged returns against current returns
Autocorrelation, which is Shriram Finance 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 Shriram Finance's stock expected returns. We can calculate the autocorrelation of Shriram Finance returns to help us make a trade decision. For example, suppose you find that Shriram Finance 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 |
Shriram Finance 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 Shriram Finance stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shriram Finance stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shriram Finance stock over time.
Current vs Lagged Prices |
| Timeline |
Shriram Finance Lagged Returns
When evaluating Shriram Finance's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shriram Finance stock have on its future price. Shriram Finance 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, Shriram Finance autocorrelation shows the relationship between Shriram Finance stock current value and its past values and can show if there is a momentum factor associated with investing in Shriram Finance 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 Shriram Stock
Shriram Finance financial ratios help investors to determine whether Shriram 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 Shriram with respect to the benefits of owning Shriram Finance security.