Tech Mahindra (India) Market Value
| TECHM Stock | 1,674 4.35 0.26% |
| Symbol | Tech |
Tech Mahindra '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 Tech Mahindra'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 Tech Mahindra.
| 02/07/2024 |
| 02/01/2025 |
If you would invest 0.00 in Tech Mahindra on February 7, 2024 and sell it all today you would earn a total of 0.00 from holding Tech Mahindra Limited or generate 0.0% return on investment in Tech Mahindra over 360 days. Tech Mahindra is related to or competes with Plastiblends India, Sintex Plastics, Sonata Software, Karur Vysya, RBL Bank, Newgen Software, and Edelweiss Financial. Tech Mahindra is entity of India. It is traded as Stock on NSE exchange. More
Tech Mahindra 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 Tech Mahindra'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 Tech Mahindra Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 7.84 | |||
| Value At Risk | (2.69) | |||
| Potential Upside | 2.65 |
Tech Mahindra Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tech Mahindra's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tech Mahindra's standard deviation. In reality, there are many statistical measures that can use Tech Mahindra historical prices to predict the future Tech Mahindra's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | (0.05) |
Tech Mahindra Limited Backtested Returns
As of now, Tech Stock is very steady. Tech Mahindra Limited owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0296, which indicates the firm had a 0.0296 % return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Tech Mahindra Limited, which you can use to evaluate the volatility of the company. Please validate Tech Mahindra's insignificant Risk Adjusted Performance, variance of 2.9, and Coefficient Of Variation of (11,478) to confirm if the risk estimate we provide is consistent with the expected return of 0.0482%. Tech Mahindra has a performance score of 2 on a scale of 0 to 100. The entity has a beta of 0.51, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Tech Mahindra's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tech Mahindra is expected to be smaller as well. Tech Mahindra Limited right now has a risk of 1.63%. Please validate Tech Mahindra skewness, and the relationship between the total risk alpha and rate of daily change , to decide if Tech Mahindra will be following its existing price patterns.
Auto-correlation | 0.28 |
Poor predictability
Tech Mahindra Limited has poor predictability. Overlapping area represents the amount of predictability between Tech Mahindra time series from 7th of February 2024 to 5th of August 2024 and 5th of August 2024 to 1st of February 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 Tech Mahindra Limited price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current Tech Mahindra price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 5611.64 |
Tech Mahindra Limited lagged returns against current returns
Autocorrelation, which is Tech Mahindra 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 Tech Mahindra's stock expected returns. We can calculate the autocorrelation of Tech Mahindra returns to help us make a trade decision. For example, suppose you find that Tech Mahindra 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 |
Tech Mahindra 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 Tech Mahindra stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tech Mahindra stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tech Mahindra stock over time.
Current vs Lagged Prices |
| Timeline |
Tech Mahindra Lagged Returns
When evaluating Tech Mahindra's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tech Mahindra stock have on its future price. Tech Mahindra 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, Tech Mahindra autocorrelation shows the relationship between Tech Mahindra stock current value and its past values and can show if there is a momentum factor associated with investing in Tech Mahindra 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 Tech Stock
Tech Mahindra financial ratios help investors to determine whether Tech 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 Tech with respect to the benefits of owning Tech Mahindra security.