Tata Communications (India) Market Value
| TATACOMM | 1,755 10.10 0.58% |
| Symbol | Tata |
Tata Communications '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 Tata Communications' 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 Tata Communications.
| 02/04/2024 |
| 11/30/2024 |
If you would invest 0.00 in Tata Communications on February 4, 2024 and sell it all today you would earn a total of 0.00 from holding Tata Communications Limited or generate 0.0% return on investment in Tata Communications over 300 days. Tata Communications is related to or competes with MRF, JSW Holdings, Maharashtra Scooters, Nalwa Sons, Kalyani Investment, Pilani Investment, and Vardhman Holdings. Tata Communications is entity of India. It is traded as Stock on NSE exchange. More
Tata Communications 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 Tata Communications' 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 Tata Communications Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 10.63 | |||
| Value At Risk | (2.84) | |||
| Potential Upside | 3.21 |
Tata Communications Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tata Communications' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tata Communications' standard deviation. In reality, there are many statistical measures that can use Tata Communications historical prices to predict the future Tata Communications' volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.45) | |||
| Treynor Ratio | (1.02) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Tata Communications' 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.
Tata Communications Backtested Returns
Tata Communications owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0897, which indicates the firm had a -0.0897% return per unit of risk over the last 3 months. Tata Communications Limited exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tata Communications' Coefficient Of Variation of (1,285), risk adjusted performance of (0.05), and Variance of 3.18 to confirm the risk estimate we provide. The entity has a beta of 0.15, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Tata Communications' returns are expected to increase less than the market. However, during the bear market, the loss of holding Tata Communications is expected to be smaller as well. At this point, Tata Communications has a negative expected return of -0.16%. Please make sure to validate Tata Communications' rate of daily change, and the relationship between the kurtosis and market facilitation index , to decide if Tata Communications performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.12 |
Insignificant reverse predictability
Tata Communications Limited has insignificant reverse predictability. Overlapping area represents the amount of predictability between Tata Communications time series from 4th of February 2024 to 3rd of July 2024 and 3rd of July 2024 to 30th 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 Tata Communications price movement. The serial correlation of -0.12 indicates that less than 12.0% of current Tata Communications price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.12 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 11.2 K |
Tata Communications lagged returns against current returns
Autocorrelation, which is Tata Communications 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 Tata Communications' stock expected returns. We can calculate the autocorrelation of Tata Communications returns to help us make a trade decision. For example, suppose you find that Tata Communications 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 |
Tata Communications 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 Tata Communications stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tata Communications stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tata Communications stock over time.
Current vs Lagged Prices |
| Timeline |
Tata Communications Lagged Returns
When evaluating Tata Communications' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tata Communications stock have on its future price. Tata Communications 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, Tata Communications autocorrelation shows the relationship between Tata Communications stock current value and its past values and can show if there is a momentum factor associated with investing in Tata Communications 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 Tata Stock
Tata Communications financial ratios help investors to determine whether Tata 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 Tata with respect to the benefits of owning Tata Communications security.