Tata Consultancy (India) Market Value
| TCS Stock | 4,245 171.75 4.22% |
| Symbol | Tata |
Tata Consultancy '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 Consultancy'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 Tata Consultancy.
| 10/30/2023 |
| 11/23/2024 |
If you would invest 0.00 in Tata Consultancy on October 30, 2023 and sell it all today you would earn a total of 0.00 from holding Tata Consultancy Services or generate 0.0% return on investment in Tata Consultancy over 390 days. Tata Consultancy is related to or competes with One 97, Taj GVK, V2 Retail, ROUTE MOBILE, Advani Hotels, V Mart, and SINCLAIRS HOTELS. Tata Consultancy is entity of India. It is traded as Stock on NSE exchange. More
Tata Consultancy 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 Consultancy'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 Tata Consultancy Services upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 7.29 | |||
| Value At Risk | (1.85) | |||
| Potential Upside | 1.26 |
Tata Consultancy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tata Consultancy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tata Consultancy's standard deviation. In reality, there are many statistical measures that can use Tata Consultancy historical prices to predict the future Tata Consultancy's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.29) | |||
| Treynor Ratio | 3.49 |
Tata Consultancy Services Backtested Returns
Tata Consultancy Services owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0675, which indicates the firm had a -0.0675% return per unit of risk over the last 3 months. Tata Consultancy Services exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tata Consultancy's Risk Adjusted Performance of (0.06), variance of 1.44, and Coefficient Of Variation of (1,263) to confirm the risk estimate we provide. The entity has a beta of -0.0301, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Tata Consultancy are expected to decrease at a much lower rate. During the bear market, Tata Consultancy is likely to outperform the market. At this point, Tata Consultancy Services has a negative expected return of -0.0812%. Please make sure to validate Tata Consultancy's rate of daily change, and the relationship between the kurtosis and market facilitation index , to decide if Tata Consultancy Services performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.83 |
Very good predictability
Tata Consultancy Services has very good predictability. Overlapping area represents the amount of predictability between Tata Consultancy time series from 30th of October 2023 to 12th of May 2024 and 12th of May 2024 to 23rd 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 Consultancy Services price movement. The serial correlation of 0.83 indicates that around 83.0% of current Tata Consultancy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.83 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 60.1 K |
Tata Consultancy Services lagged returns against current returns
Autocorrelation, which is Tata Consultancy 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 Consultancy's stock expected returns. We can calculate the autocorrelation of Tata Consultancy returns to help us make a trade decision. For example, suppose you find that Tata Consultancy 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 Consultancy 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 Consultancy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tata Consultancy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tata Consultancy stock over time.
Current vs Lagged Prices |
| Timeline |
Tata Consultancy Lagged Returns
When evaluating Tata Consultancy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tata Consultancy stock have on its future price. Tata Consultancy 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 Consultancy autocorrelation shows the relationship between Tata Consultancy stock current value and its past values and can show if there is a momentum factor associated with investing in Tata Consultancy Services.
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 Consultancy 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 Consultancy security.