Associated Alcohols (India) Market Value
| ASALCBR Stock | 957.10 4.95 0.52% |
| Symbol | Associated |
Associated Alcohols '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 Associated Alcohols' 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 Associated Alcohols.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Associated Alcohols on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Associated Alcohols Breweries or generate 0.0% return on investment in Associated Alcohols over 30 days. Associated Alcohols is related to or competes with MRF, Bosch, Bajaj Holdings, Vardhman Holdings, Abbott India, Honeywell Automation, and Page Industries. Associated Alcohols is entity of India. It is traded as Stock on NSE exchange. More
Associated Alcohols 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 Associated Alcohols' 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 Associated Alcohols Breweries upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.84 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 13.52 | |||
| Value At Risk | (5.00) | |||
| Potential Upside | 3.97 |
Associated Alcohols Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Associated Alcohols' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Associated Alcohols' standard deviation. In reality, there are many statistical measures that can use Associated Alcohols historical prices to predict the future Associated Alcohols' volatility.| Risk Adjusted Performance | 0.0334 | |||
| Jensen Alpha | 0.0077 | |||
| Total Risk Alpha | (0.30) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.1283 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Associated Alcohols' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Associated Alcohols Backtested Returns
Currently, Associated Alcohols Breweries is very steady. Associated Alcohols secures Sharpe Ratio (or Efficiency) of 0.0537, which signifies that the company had a 0.0537% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Associated Alcohols Breweries, which you can use to evaluate the volatility of the firm. Please confirm Associated Alcohols' Risk Adjusted Performance of 0.0334, downside deviation of 2.84, and Mean Deviation of 1.79 to double-check if the risk estimate we provide is consistent with the expected return of 0.13%. Associated Alcohols has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.6, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Associated Alcohols' returns are expected to increase less than the market. However, during the bear market, the loss of holding Associated Alcohols is expected to be smaller as well. Associated Alcohols right now shows a risk of 2.45%. Please confirm Associated Alcohols semi variance, rate of daily change, and the relationship between the value at risk and kurtosis , to decide if Associated Alcohols will be following its price patterns.
Auto-correlation | 0.03 |
Virtually no predictability
Associated Alcohols Breweries has virtually no predictability. Overlapping area represents the amount of predictability between Associated Alcohols time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Associated Alcohols price movement. The serial correlation of 0.03 indicates that only 3.0% of current Associated Alcohols price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.03 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 668.64 |
Associated Alcohols lagged returns against current returns
Autocorrelation, which is Associated Alcohols 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 Associated Alcohols' stock expected returns. We can calculate the autocorrelation of Associated Alcohols returns to help us make a trade decision. For example, suppose you find that Associated Alcohols 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 |
Associated Alcohols 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 Associated Alcohols stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Associated Alcohols stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Associated Alcohols stock over time.
Current vs Lagged Prices |
| Timeline |
Associated Alcohols Lagged Returns
When evaluating Associated Alcohols' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Associated Alcohols stock have on its future price. Associated Alcohols 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, Associated Alcohols autocorrelation shows the relationship between Associated Alcohols stock current value and its past values and can show if there is a momentum factor associated with investing in Associated Alcohols Breweries.
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 Associated Stock Analysis
When running Associated Alcohols' price analysis, check to measure Associated Alcohols' 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 Associated Alcohols is operating at the current time. Most of Associated Alcohols' value examination focuses on studying past and present price action to predict the probability of Associated Alcohols' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Associated Alcohols' price. Additionally, you may evaluate how the addition of Associated Alcohols to your portfolios can decrease your overall portfolio volatility.