Axita Cotton (India) Market Value
| AXITA Stock | 11.51 0.13 1.12% |
| Symbol | Axita |
Axita Cotton '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 Axita Cotton'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 Axita Cotton.
| 11/20/2024 |
| 12/20/2024 |
If you would invest 0.00 in Axita Cotton on November 20, 2024 and sell it all today you would earn a total of 0.00 from holding Axita Cotton Limited or generate 0.0% return on investment in Axita Cotton over 30 days. Axita Cotton is related to or competes with Reliance Industries, Life Insurance, Indian Oil, and Oil Natural. Axita Cotton is entity of India. It is traded as Stock on NSE exchange. More
Axita Cotton 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 Axita Cotton'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 Axita Cotton Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.33) | |||
| Maximum Drawdown | 13.38 | |||
| Value At Risk | (2.82) | |||
| Potential Upside | 0.9816 |
Axita Cotton Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Axita Cotton's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Axita Cotton's standard deviation. In reality, there are many statistical measures that can use Axita Cotton historical prices to predict the future Axita Cotton's volatility.| Risk Adjusted Performance | (0.24) | |||
| Jensen Alpha | (0.51) | |||
| Total Risk Alpha | (0.55) | |||
| Treynor Ratio | (3.21) |
Axita Cotton Limited Backtested Returns
Axita Cotton Limited secures Sharpe Ratio (or Efficiency) of -0.45, which signifies that the company had a -0.45% return per unit of risk over the last 3 months. Axita Cotton Limited exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Axita Cotton's Mean Deviation of 0.9166, risk adjusted performance of (0.24), and Standard Deviation of 1.62 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.16, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Axita Cotton's returns are expected to increase less than the market. However, during the bear market, the loss of holding Axita Cotton is expected to be smaller as well. At this point, Axita Cotton Limited has a negative expected return of -0.6%. Please make sure to confirm Axita Cotton's skewness, and the relationship between the treynor ratio and rate of daily change , to decide if Axita Cotton Limited performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.43 |
Average predictability
Axita Cotton Limited has average predictability. Overlapping area represents the amount of predictability between Axita Cotton time series from 20th of November 2024 to 5th of December 2024 and 5th of December 2024 to 20th 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 Axita Cotton Limited price movement. The serial correlation of 0.43 indicates that just about 43.0% of current Axita Cotton price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.43 | |
| Spearman Rank Test | 0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Axita Cotton Limited lagged returns against current returns
Autocorrelation, which is Axita Cotton 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 Axita Cotton's stock expected returns. We can calculate the autocorrelation of Axita Cotton returns to help us make a trade decision. For example, suppose you find that Axita Cotton 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 |
Axita Cotton 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 Axita Cotton stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Axita Cotton stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Axita Cotton stock over time.
Current vs Lagged Prices |
| Timeline |
Axita Cotton Lagged Returns
When evaluating Axita Cotton's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Axita Cotton stock have on its future price. Axita Cotton 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, Axita Cotton autocorrelation shows the relationship between Axita Cotton stock current value and its past values and can show if there is a momentum factor associated with investing in Axita Cotton 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 Axita Stock
Axita Cotton financial ratios help investors to determine whether Axita 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 Axita with respect to the benefits of owning Axita Cotton security.