Xpro India (India) Market Value
| XPROINDIA | 1,476 10.60 0.71% |
| Symbol | Xpro |
Xpro India '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 Xpro India'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 Xpro India.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in Xpro India on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding Xpro India Limited or generate 0.0% return on investment in Xpro India over 180 days. Xpro India is related to or competes with Gujarat Fluorochemicals, Indo Borax, EIH Associated, Chalet Hotels, Apollo Sindoori, SINCLAIRS HOTELS, and Privi Speciality. Xpro India is entity of India. It is traded as Stock on NSE exchange. More
Xpro India 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 Xpro India'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 Xpro India Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.98 | |||
| Information Ratio | 0.0793 | |||
| Maximum Drawdown | 12.97 | |||
| Value At Risk | (3.35) | |||
| Potential Upside | 4.08 |
Xpro India Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Xpro India's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Xpro India's standard deviation. In reality, there are many statistical measures that can use Xpro India historical prices to predict the future Xpro India's volatility.| Risk Adjusted Performance | 0.1037 | |||
| Jensen Alpha | 0.3523 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | 0.1185 | |||
| Treynor Ratio | 4.93 |
Xpro India Limited Backtested Returns
Xpro India appears to be very steady, given 3 months investment horizon. Xpro India Limited shows Sharpe Ratio of 0.13, which attests that the company had a 0.13% return per unit of risk over the last 3 months. We have found thirty technical indicators for Xpro India Limited, which you can use to evaluate the volatility of the company. Please utilize Xpro India's Market Risk Adjusted Performance of 4.94, mean deviation of 1.79, and Downside Deviation of 1.98 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Xpro India holds a performance score of 10. The firm maintains a market beta of 0.0734, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Xpro India's returns are expected to increase less than the market. However, during the bear market, the loss of holding Xpro India is expected to be smaller as well. Please check Xpro India's downside variance, as well as the relationship between the accumulation distribution and market facilitation index , to make a quick decision on whether Xpro India's historical returns will revert.
Auto-correlation | 0.30 |
Below average predictability
Xpro India Limited has below average predictability. Overlapping area represents the amount of predictability between Xpro India time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 2024 to 1st of December 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 Xpro India Limited price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current Xpro India price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.3 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 4960.86 |
Xpro India Limited lagged returns against current returns
Autocorrelation, which is Xpro India 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 Xpro India's stock expected returns. We can calculate the autocorrelation of Xpro India returns to help us make a trade decision. For example, suppose you find that Xpro India 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 |
Xpro India 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 Xpro India stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Xpro India stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Xpro India stock over time.
Current vs Lagged Prices |
| Timeline |
Xpro India Lagged Returns
When evaluating Xpro India's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Xpro India stock have on its future price. Xpro India 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, Xpro India autocorrelation shows the relationship between Xpro India stock current value and its past values and can show if there is a momentum factor associated with investing in Xpro India 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 Xpro Stock
Xpro India financial ratios help investors to determine whether Xpro 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 Xpro with respect to the benefits of owning Xpro India security.