Trent (India) Market Value
| TRENT Stock | 6,795 52.20 0.77% |
| Symbol | Trent |
Trent '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 Trent'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 Trent.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Trent on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Trent Limited or generate 0.0% return on investment in Trent over 30 days. Trent is related to or competes with Action Construction, Manaksia Coated, Hilton Metal, LLOYDS METALS, Alkali Metals, Ankit Metal, and Shivalik Bimetal. Trent is entity of India. It is traded as Stock on NSE exchange. More
Trent 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 Trent'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 Trent Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 14.42 | |||
| Value At Risk | (3.18) | |||
| Potential Upside | 2.89 |
Trent Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Trent's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Trent's standard deviation. In reality, there are many statistical measures that can use Trent historical prices to predict the future Trent's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.42) | |||
| Treynor Ratio | (0.29) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Trent's 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.
Trent Limited Backtested Returns
Trent Limited owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0287, which indicates the firm had a -0.0287% return per unit of risk over the last 3 months. Trent Limited exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Trent's Coefficient Of Variation of (2,630), variance of 4.05, and Risk Adjusted Performance of (0.02) to confirm the risk estimate we provide. The entity has a beta of 0.3, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Trent's returns are expected to increase less than the market. However, during the bear market, the loss of holding Trent is expected to be smaller as well. At this point, Trent Limited has a negative expected return of -0.0586%. Please make sure to validate Trent's value at risk, as well as the relationship between the rate of daily change and relative strength index , to decide if Trent Limited performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.88 |
Excellent reverse predictability
Trent Limited has excellent reverse predictability. Overlapping area represents the amount of predictability between Trent time series from 31st of October 2024 to 15th of November 2024 and 15th of November 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 Trent Limited price movement. The serial correlation of -0.88 indicates that approximately 88.0% of current Trent price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.88 | |
| Spearman Rank Test | -0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 32.6 K |
Trent Limited lagged returns against current returns
Autocorrelation, which is Trent 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 Trent's stock expected returns. We can calculate the autocorrelation of Trent returns to help us make a trade decision. For example, suppose you find that Trent 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 |
Trent 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 Trent stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Trent stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Trent stock over time.
Current vs Lagged Prices |
| Timeline |
Trent Lagged Returns
When evaluating Trent's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Trent stock have on its future price. Trent 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, Trent autocorrelation shows the relationship between Trent stock current value and its past values and can show if there is a momentum factor associated with investing in Trent Limited.
Regressed Prices |
| Timeline |
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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 Trent Stock
Trent financial ratios help investors to determine whether Trent 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 Trent with respect to the benefits of owning Trent security.