TVS Electronics (India) Market Value
| TVSELECT | 323.00 5.50 1.67% |
| Symbol | TVS |
TVS Electronics '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 TVS Electronics' 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 TVS Electronics.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in TVS Electronics on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding TVS Electronics Limited or generate 0.0% return on investment in TVS Electronics over 510 days. TVS Electronics is related to or competes with Dharani SugarsChemicals, JSW Steel, Vardhman Special, Sukhjit Starch, Iris Clothings, and Zuari Agro. TVS Electronics is entity of India. It is traded as Stock on NSE exchange. More
TVS Electronics 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 TVS Electronics' 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 TVS Electronics Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 10.7 | |||
| Value At Risk | (4.14) | |||
| Potential Upside | 4.99 |
TVS Electronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TVS Electronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TVS Electronics' standard deviation. In reality, there are many statistical measures that can use TVS Electronics historical prices to predict the future TVS Electronics' volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.48) | |||
| Total Risk Alpha | (0.77) | |||
| Treynor Ratio | (0.45) |
TVS Electronics Backtested Returns
TVS Electronics owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.24, which indicates the firm had a -0.24% return per unit of standard deviation over the last 3 months. TVS Electronics Limited exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TVS Electronics' risk adjusted performance of (0.11), and Variance of 6.31 to confirm the risk estimate we provide. The entity has a beta of 0.84, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, TVS Electronics' returns are expected to increase less than the market. However, during the bear market, the loss of holding TVS Electronics is expected to be smaller as well. At this point, TVS Electronics has a negative expected return of -0.57%. Please make sure to validate TVS Electronics' value at risk, daily balance of power, as well as the relationship between the Daily Balance Of Power and price action indicator , to decide if TVS Electronics performance from the past will be repeated at some future point.
Auto-correlation | -0.34 |
Poor reverse predictability
TVS Electronics Limited has poor reverse predictability. Overlapping area represents the amount of predictability between TVS Electronics time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th 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 TVS Electronics price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current TVS Electronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.34 | |
| Spearman Rank Test | -0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 2277.84 |
TVS Electronics lagged returns against current returns
Autocorrelation, which is TVS Electronics 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 TVS Electronics' stock expected returns. We can calculate the autocorrelation of TVS Electronics returns to help us make a trade decision. For example, suppose you find that TVS Electronics 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 |
TVS Electronics 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 TVS Electronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TVS Electronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TVS Electronics stock over time.
Current vs Lagged Prices |
| Timeline |
TVS Electronics Lagged Returns
When evaluating TVS Electronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TVS Electronics stock have on its future price. TVS Electronics 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, TVS Electronics autocorrelation shows the relationship between TVS Electronics stock current value and its past values and can show if there is a momentum factor associated with investing in TVS Electronics 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 TVS Stock
TVS Electronics financial ratios help investors to determine whether TVS 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 TVS with respect to the benefits of owning TVS Electronics security.