Tube Investments (India) Market Value
| TIINDIA Stock | 3,429 33.90 1.00% |
| Symbol | Tube |
Tube Investments '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 Tube Investments' 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 Tube Investments.
| 12/03/2023 |
| 11/27/2024 |
If you would invest 0.00 in Tube Investments on December 3, 2023 and sell it all today you would earn a total of 0.00 from holding Tube Investments of or generate 0.0% return on investment in Tube Investments over 360 days. Tube Investments is related to or competes with Hemisphere Properties, India Glycols, Indo Borax, Kingfa Science, Alkali Metals, Mahindra Logistics, and Krebs Biochemicals. Tube Investments is entity of India. It is traded as Stock on NSE exchange. More
Tube Investments 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 Tube Investments' 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 Tube Investments of upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 14.8 | |||
| Value At Risk | (3.60) | |||
| Potential Upside | 4.25 |
Tube Investments Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tube Investments' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tube Investments' standard deviation. In reality, there are many statistical measures that can use Tube Investments historical prices to predict the future Tube Investments' volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.63) | |||
| Treynor Ratio | 0.4714 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Tube Investments' 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.
Tube Investments Backtested Returns
Tube Investments owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0869, which indicates the firm had a -0.0869% return per unit of risk over the last 3 months. Tube Investments of exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tube Investments' Coefficient Of Variation of (1,088), variance of 6.11, and Risk Adjusted Performance of (0.06) to confirm the risk estimate we provide. The entity has a beta of -0.5, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Tube Investments are expected to decrease at a much lower rate. During the bear market, Tube Investments is likely to outperform the market. At this point, Tube Investments has a negative expected return of -0.22%. Please make sure to validate Tube Investments' potential upside, and the relationship between the total risk alpha and daily balance of power , to decide if Tube Investments performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.28 |
Poor predictability
Tube Investments of has poor predictability. Overlapping area represents the amount of predictability between Tube Investments time series from 3rd of December 2023 to 31st of May 2024 and 31st of May 2024 to 27th 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 Tube Investments price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current Tube Investments price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 62.5 K |
Tube Investments lagged returns against current returns
Autocorrelation, which is Tube Investments 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 Tube Investments' stock expected returns. We can calculate the autocorrelation of Tube Investments returns to help us make a trade decision. For example, suppose you find that Tube Investments 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 |
Tube Investments 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 Tube Investments stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tube Investments stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tube Investments stock over time.
Current vs Lagged Prices |
| Timeline |
Tube Investments Lagged Returns
When evaluating Tube Investments' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tube Investments stock have on its future price. Tube Investments 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, Tube Investments autocorrelation shows the relationship between Tube Investments stock current value and its past values and can show if there is a momentum factor associated with investing in Tube Investments of.
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 Tube Stock
Tube Investments financial ratios help investors to determine whether Tube 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 Tube with respect to the benefits of owning Tube Investments security.