63 Moons (India) Market Value
| 63MOONS Stock | 873.95 81.20 10.24% |
| Symbol | 63MOONS |
63 Moons '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 63 Moons' 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 63 Moons.
| 06/14/2024 |
| 12/11/2024 |
If you would invest 0.00 in 63 Moons on June 14, 2024 and sell it all today you would earn a total of 0.00 from holding 63 moons technologies or generate 0.0% return on investment in 63 Moons over 180 days. 63 Moons is related to or competes with Reliance Industries, Oil Natural, Indian Oil, and HDFC Bank. 63 Moons is entity of India. It is traded as Stock on NSE exchange. More
63 Moons 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 63 Moons' 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 63 moons technologies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.49 | |||
| Information Ratio | 0.2652 | |||
| Maximum Drawdown | 18.53 | |||
| Value At Risk | (4.99) | |||
| Potential Upside | 8.58 |
63 Moons Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 63 Moons' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 63 Moons' standard deviation. In reality, there are many statistical measures that can use 63 Moons historical prices to predict the future 63 Moons' volatility.| Risk Adjusted Performance | 0.2212 | |||
| Jensen Alpha | 1.29 | |||
| Total Risk Alpha | 0.5634 | |||
| Sortino Ratio | 0.3199 | |||
| Treynor Ratio | (2.37) |
63 moons technologies Backtested Returns
63 Moons is very steady given 3 months investment horizon. 63 moons technologies retains Efficiency (Sharpe Ratio) of 0.33, which signifies that the company had a 0.33% return per unit of price deviation over the last 3 months. We were able to break down and interpolate data for twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.38% are justified by taking the suggested risk. Use 63 moons technologies Standard Deviation of 4.21, coefficient of variation of 339.23, and Market Risk Adjusted Performance of (2.36) to evaluate company specific risk that cannot be diversified away. 63 Moons holds a performance score of 25 on a scale of zero to a hundred. The firm owns a Beta (Systematic Risk) of -0.52, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning 63 Moons are expected to decrease at a much lower rate. During the bear market, 63 Moons is likely to outperform the market. Use 63 moons technologies coefficient of variation, semi variance, period momentum indicator, as well as the relationship between the treynor ratio and daily balance of power , to analyze future returns on 63 moons technologies.
Auto-correlation | 0.23 |
Weak predictability
63 moons technologies has weak predictability. Overlapping area represents the amount of predictability between 63 Moons time series from 14th of June 2024 to 12th of September 2024 and 12th of September 2024 to 11th 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 63 moons technologies price movement. The serial correlation of 0.23 indicates that over 23.0% of current 63 Moons price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 14.2 K |
63 moons technologies lagged returns against current returns
Autocorrelation, which is 63 Moons 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 63 Moons' stock expected returns. We can calculate the autocorrelation of 63 Moons returns to help us make a trade decision. For example, suppose you find that 63 Moons 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 |
63 Moons 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 63 Moons stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 63 Moons stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 63 Moons stock over time.
Current vs Lagged Prices |
| Timeline |
63 Moons Lagged Returns
When evaluating 63 Moons' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 63 Moons stock have on its future price. 63 Moons 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, 63 Moons autocorrelation shows the relationship between 63 Moons stock current value and its past values and can show if there is a momentum factor associated with investing in 63 moons technologies.
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.Additional Tools for 63MOONS Stock Analysis
When running 63 Moons' price analysis, check to measure 63 Moons' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy 63 Moons is operating at the current time. Most of 63 Moons' value examination focuses on studying past and present price action to predict the probability of 63 Moons' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 63 Moons' price. Additionally, you may evaluate how the addition of 63 Moons to your portfolios can decrease your overall portfolio volatility.