Sobha (India) Market Value
| SOBHA Stock | 1,619 1.05 0.06% |
| Symbol | Sobha |
Sobha '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 Sobha'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 Sobha.
| 11/19/2024 |
| 12/19/2024 |
If you would invest 0.00 in Sobha on November 19, 2024 and sell it all today you would earn a total of 0.00 from holding Sobha Limited or generate 0.0% return on investment in Sobha over 30 days. Sobha is related to or competes with DiGiSPICE Technologies, Pritish Nandy, Ravi Kumar, Reliance Communications, Gujarat Lease, and Allied Blenders. Sobha is entity of India. It is traded as Stock on NSE exchange. More
Sobha 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 Sobha'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 Sobha Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 10.13 | |||
| Value At Risk | (3.39) | |||
| Potential Upside | 4.71 |
Sobha Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sobha's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sobha's standard deviation. In reality, there are many statistical measures that can use Sobha historical prices to predict the future Sobha's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.18) | |||
| Treynor Ratio | (0.45) |
Sobha Limited Backtested Returns
Sobha Limited owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.14, which indicates the firm had a -0.14% return per unit of risk over the last 3 months. Sobha Limited exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sobha's Variance of 5.37, coefficient of variation of (2,086), and Risk Adjusted Performance of (0.03) to confirm the risk estimate we provide. The entity has a beta of 0.27, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sobha's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sobha is expected to be smaller as well. At this point, Sobha Limited has a negative expected return of -0.31%. Please make sure to validate Sobha's standard deviation, maximum drawdown, kurtosis, as well as the relationship between the total risk alpha and potential upside , to decide if Sobha Limited performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.73 |
Almost perfect reverse predictability
Sobha Limited has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Sobha time series from 19th of November 2024 to 4th of December 2024 and 4th of December 2024 to 19th of December 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 Sobha Limited price movement. The serial correlation of -0.73 indicates that around 73.0% of current Sobha price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.73 | |
| Spearman Rank Test | -0.88 | |
| Residual Average | 0.0 | |
| Price Variance | 1176.08 |
Sobha Limited lagged returns against current returns
Autocorrelation, which is Sobha 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 Sobha's stock expected returns. We can calculate the autocorrelation of Sobha returns to help us make a trade decision. For example, suppose you find that Sobha 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 |
Sobha 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 Sobha stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sobha stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sobha stock over time.
Current vs Lagged Prices |
| Timeline |
Sobha Lagged Returns
When evaluating Sobha's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sobha stock have on its future price. Sobha 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, Sobha autocorrelation shows the relationship between Sobha stock current value and its past values and can show if there is a momentum factor associated with investing in Sobha 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 Sobha Stock
Sobha financial ratios help investors to determine whether Sobha 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 Sobha with respect to the benefits of owning Sobha security.