VA Tech (India) Market Value
| WABAG Stock | 1,692 3.30 0.20% |
| Symbol | WABAG |
VA Tech '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 VA Tech'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 VA Tech.
| 09/04/2023 |
| 11/27/2024 |
If you would invest 0.00 in VA Tech on September 4, 2023 and sell it all today you would earn a total of 0.00 from holding VA Tech Wabag or generate 0.0% return on investment in VA Tech over 450 days. VA Tech is related to or competes with Reliance Industries, State Bank, HDFC Bank, Oil Natural, Coal India, and Tata Consultancy. VA Tech is entity of India. It is traded as Stock on NSE exchange. More
VA Tech 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 VA Tech'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 VA Tech Wabag upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.89 | |||
| Information Ratio | 0.0859 | |||
| Maximum Drawdown | 16.95 | |||
| Value At Risk | (4.27) | |||
| Potential Upside | 6.06 |
VA Tech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for VA Tech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VA Tech's standard deviation. In reality, there are many statistical measures that can use VA Tech historical prices to predict the future VA Tech's volatility.| Risk Adjusted Performance | 0.1063 | |||
| Jensen Alpha | 0.4206 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.0894 | |||
| Treynor Ratio | (1.08) |
VA Tech Wabag Backtested Returns
VA Tech appears to be very steady, given 3 months investment horizon. VA Tech Wabag retains Efficiency (Sharpe Ratio) of 0.15, which indicates the company had a 0.15% return per unit of price deviation over the last 3 months. We have found thirty technical indicators for VA Tech, which you can use to evaluate the volatility of the entity. Please review VA Tech's market risk adjusted performance of (1.07), and Standard Deviation of 3.0 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, VA Tech holds a performance score of 11. The firm owns a Beta (Systematic Risk) of -0.35, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning VA Tech are expected to decrease at a much lower rate. During the bear market, VA Tech is likely to outperform the market. Please check VA Tech's semi deviation, sortino ratio, semi variance, as well as the relationship between the standard deviation and value at risk , to make a quick decision on whether VA Tech's current price history will revert.
Auto-correlation | 0.93 |
Excellent predictability
VA Tech Wabag has excellent predictability. Overlapping area represents the amount of predictability between VA Tech time series from 4th of September 2023 to 16th of April 2024 and 16th of April 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 VA Tech Wabag price movement. The serial correlation of 0.93 indicates that approximately 93.0% of current VA Tech price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.93 | |
| Spearman Rank Test | 0.92 | |
| Residual Average | 0.0 | |
| Price Variance | 67.7 K |
VA Tech Wabag lagged returns against current returns
Autocorrelation, which is VA Tech 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 VA Tech's stock expected returns. We can calculate the autocorrelation of VA Tech returns to help us make a trade decision. For example, suppose you find that VA Tech 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 |
VA Tech 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 VA Tech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VA Tech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VA Tech stock over time.
Current vs Lagged Prices |
| Timeline |
VA Tech Lagged Returns
When evaluating VA Tech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VA Tech stock have on its future price. VA Tech 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, VA Tech autocorrelation shows the relationship between VA Tech stock current value and its past values and can show if there is a momentum factor associated with investing in VA Tech Wabag.
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 WABAG Stock
VA Tech financial ratios help investors to determine whether WABAG 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 WABAG with respect to the benefits of owning VA Tech security.