Adani Power (India) Market Value
| ADANIPOWER | 519.25 7.55 1.43% |
| Symbol | Adani |
Adani Power '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 Adani Power'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 Adani Power.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Adani Power on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Adani Power Limited or generate 0.0% return on investment in Adani Power over 30 days. Adani Power is related to or competes with PB Fintech, Dhanuka Agritech, EMBASSY OFFICE, Spencers Retail, MIRC Electronics, Selan Exploration, and Cantabil Retail. Adani Power is entity of India. It is traded as Stock on NSE exchange. More
Adani Power 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 Adani Power'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 Adani Power Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 20.74 | |||
| Value At Risk | (3.30) | |||
| Potential Upside | 3.81 |
Adani Power Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Adani Power's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Adani Power's standard deviation. In reality, there are many statistical measures that can use Adani Power historical prices to predict the future Adani Power's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (0.77) | |||
| Treynor Ratio | (1.06) |
Adani Power Limited Backtested Returns
Adani Power Limited secures Sharpe Ratio (or Efficiency) of -0.09, which signifies that the company had a -0.09% return per unit of standard deviation over the last 3 months. Adani Power Limited exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Adani Power's risk adjusted performance of (0.04), and Mean Deviation of 1.87 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.23, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Adani Power's returns are expected to increase less than the market. However, during the bear market, the loss of holding Adani Power is expected to be smaller as well. At this point, Adani Power Limited has a negative expected return of -0.31%. Please make sure to confirm Adani Power's standard deviation, kurtosis, relative strength index, as well as the relationship between the maximum drawdown and day median price , to decide if Adani Power Limited performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.29 |
Weak reverse predictability
Adani Power Limited has weak reverse predictability. Overlapping area represents the amount of predictability between Adani Power time series from 11th of November 2024 to 26th of November 2024 and 26th of November 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 Adani Power Limited price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current Adani Power price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.29 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 990.01 |
Adani Power Limited lagged returns against current returns
Autocorrelation, which is Adani Power 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 Adani Power's stock expected returns. We can calculate the autocorrelation of Adani Power returns to help us make a trade decision. For example, suppose you find that Adani Power 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 |
Adani Power 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 Adani Power stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Adani Power stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Adani Power stock over time.
Current vs Lagged Prices |
| Timeline |
Adani Power Lagged Returns
When evaluating Adani Power's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Adani Power stock have on its future price. Adani Power 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, Adani Power autocorrelation shows the relationship between Adani Power stock current value and its past values and can show if there is a momentum factor associated with investing in Adani Power 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 Adani Stock
Adani Power financial ratios help investors to determine whether Adani 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 Adani with respect to the benefits of owning Adani Power security.