Bharat Road (India) Market Value
| BRNL Stock | 45.16 0.28 0.62% |
| Symbol | Bharat |
Bharat Road '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 Bharat Road'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 Bharat Road.
| 12/08/2023 |
| 12/02/2024 |
If you would invest 0.00 in Bharat Road on December 8, 2023 and sell it all today you would earn a total of 0.00 from holding Bharat Road Network or generate 0.0% return on investment in Bharat Road over 360 days. Bharat Road is related to or competes with Shivalik Bimetal, Samhi Hotels, Rajnandini Metal, Shyam Metalics, and Asian Hotels. Bharat Road is entity of India. It is traded as Stock on NSE exchange. More
Bharat Road 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 Bharat Road'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 Bharat Road Network upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 10.75 | |||
| Value At Risk | (3.17) | |||
| Potential Upside | 4.21 |
Bharat Road Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bharat Road's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bharat Road's standard deviation. In reality, there are many statistical measures that can use Bharat Road historical prices to predict the future Bharat Road's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.51) | |||
| Treynor Ratio | (0.49) |
Bharat Road Network Backtested Returns
Bharat Road Network secures Sharpe Ratio (or Efficiency) of -0.0493, which signifies that the company had a -0.0493% return per unit of standard deviation over the last 3 months. Bharat Road Network exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bharat Road's risk adjusted performance of (0.04), and Mean Deviation of 1.68 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.28, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Bharat Road's returns are expected to increase less than the market. However, during the bear market, the loss of holding Bharat Road is expected to be smaller as well. At this point, Bharat Road Network has a negative expected return of -0.11%. Please make sure to confirm Bharat Road's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Bharat Road Network performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.29 |
Poor predictability
Bharat Road Network has poor predictability. Overlapping area represents the amount of predictability between Bharat Road time series from 8th of December 2023 to 5th of June 2024 and 5th of June 2024 to 2nd 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 Bharat Road Network price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current Bharat Road price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 17.46 |
Bharat Road Network lagged returns against current returns
Autocorrelation, which is Bharat Road 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 Bharat Road's stock expected returns. We can calculate the autocorrelation of Bharat Road returns to help us make a trade decision. For example, suppose you find that Bharat Road 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 |
Bharat Road 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 Bharat Road stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bharat Road stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bharat Road stock over time.
Current vs Lagged Prices |
| Timeline |
Bharat Road Lagged Returns
When evaluating Bharat Road's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bharat Road stock have on its future price. Bharat Road 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, Bharat Road autocorrelation shows the relationship between Bharat Road stock current value and its past values and can show if there is a momentum factor associated with investing in Bharat Road Network.
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.Additional Tools for Bharat Stock Analysis
When running Bharat Road's price analysis, check to measure Bharat Road's 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 Bharat Road is operating at the current time. Most of Bharat Road's value examination focuses on studying past and present price action to predict the probability of Bharat Road's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bharat Road's price. Additionally, you may evaluate how the addition of Bharat Road to your portfolios can decrease your overall portfolio volatility.