Tribhovandas Bhimji's market value is the price at which a share of Tribhovandas Bhimji trades on a public exchange. It measures the collective expectations of Tribhovandas Bhimji Zaveri investors about its performance. Tribhovandas Bhimji is trading at 205.83 as of the 18th of January 2025, a 0.26 percent decrease since the beginning of the trading day. The stock's lowest day price was 203.11. With this module, you can estimate the performance of a buy and hold strategy of Tribhovandas Bhimji Zaveri and determine expected loss or profit from investing in Tribhovandas Bhimji over a given investment horizon. Check out Tribhovandas Bhimji Correlation, Tribhovandas Bhimji Volatility and Tribhovandas Bhimji Alpha and Beta module to complement your research on Tribhovandas Bhimji.
Please note, there is a significant difference between Tribhovandas Bhimji's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tribhovandas Bhimji is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tribhovandas Bhimji's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Tribhovandas Bhimji '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 Tribhovandas Bhimji'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 Tribhovandas Bhimji.
0.00
12/19/2024
No Change 0.00
0.0
In 31 days
01/18/2025
0.00
If you would invest 0.00 in Tribhovandas Bhimji on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding Tribhovandas Bhimji Zaveri or generate 0.0% return on investment in Tribhovandas Bhimji over 30 days. Tribhovandas Bhimji is related to or competes with Reliance Industries, State Bank, HDFC Bank, Oil Natural, Coal India, and Tata Consultancy. Tribhovandas Bhimji is entity of India. It is traded as Stock on NSE exchange. More
Tribhovandas Bhimji 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 Tribhovandas Bhimji'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 Tribhovandas Bhimji Zaveri upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tribhovandas Bhimji's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tribhovandas Bhimji's standard deviation. In reality, there are many statistical measures that can use Tribhovandas Bhimji historical prices to predict the future Tribhovandas Bhimji's volatility.
Tribhovandas Bhimji 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. Tribhovandas Bhimji Zaveri exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tribhovandas Bhimji's Risk Adjusted Performance of (0.1), variance of 13.01, and Coefficient Of Variation of (776.68) to confirm the risk estimate we provide. The entity has a beta of 0.38, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Tribhovandas Bhimji's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tribhovandas Bhimji is expected to be smaller as well. At this point, Tribhovandas Bhimji has a negative expected return of -0.52%. Please make sure to validate Tribhovandas Bhimji's maximum drawdown, daily balance of power, period momentum indicator, as well as the relationship between the skewness and day typical price , to decide if Tribhovandas Bhimji performance from the past will be repeated at some point in the near future.
Auto-correlation
0.51
Modest predictability
Tribhovandas Bhimji Zaveri has modest predictability. Overlapping area represents the amount of predictability between Tribhovandas Bhimji time series from 19th of December 2024 to 3rd of January 2025 and 3rd of January 2025 to 18th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Tribhovandas Bhimji price movement. The serial correlation of 0.51 indicates that about 51.0% of current Tribhovandas Bhimji price fluctuation can be explain by its past prices.
Correlation Coefficient
0.51
Spearman Rank Test
0.24
Residual Average
0.0
Price Variance
370.69
Tribhovandas Bhimji lagged returns against current returns
Autocorrelation, which is Tribhovandas Bhimji 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 Tribhovandas Bhimji's stock expected returns. We can calculate the autocorrelation of Tribhovandas Bhimji returns to help us make a trade decision. For example, suppose you find that Tribhovandas Bhimji 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
Tribhovandas Bhimji 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 Tribhovandas Bhimji stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tribhovandas Bhimji stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tribhovandas Bhimji stock over time.
Current vs Lagged Prices
Timeline
Tribhovandas Bhimji Lagged Returns
When evaluating Tribhovandas Bhimji's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tribhovandas Bhimji stock have on its future price. Tribhovandas Bhimji 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, Tribhovandas Bhimji autocorrelation shows the relationship between Tribhovandas Bhimji stock current value and its past values and can show if there is a momentum factor associated with investing in Tribhovandas Bhimji Zaveri.
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 Tribhovandas Stock
Tribhovandas Bhimji financial ratios help investors to determine whether Tribhovandas 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 Tribhovandas with respect to the benefits of owning Tribhovandas Bhimji security.