Byke Hospitality (India) Market Value
| BYKE Stock | 75.80 0.56 0.73% |
| Symbol | Byke |
Byke Hospitality '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 Byke Hospitality'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 Byke Hospitality.
| 12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in Byke Hospitality on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding The Byke Hospitality or generate 0.0% return on investment in Byke Hospitality over 360 days. Byke Hospitality is related to or competes with Vraj Iron, Electrosteel Castings, V2 Retail, Hexa Tradex, Manaksia Steels, and Vardhman Special. More
Byke Hospitality 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 Byke Hospitality'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 The Byke Hospitality upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.41 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 13.08 | |||
| Value At Risk | (4.90) | |||
| Potential Upside | 5.0 |
Byke Hospitality Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Byke Hospitality's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Byke Hospitality's standard deviation. In reality, there are many statistical measures that can use Byke Hospitality historical prices to predict the future Byke Hospitality's volatility.| Risk Adjusted Performance | 0.0233 | |||
| Jensen Alpha | 0.0701 | |||
| Total Risk Alpha | (0.39) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (0.32) |
Byke Hospitality Backtested Returns
Currently, The Byke Hospitality is very steady. Byke Hospitality secures Sharpe Ratio (or Efficiency) of 0.0207, which signifies that the company had a 0.0207% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for The Byke Hospitality, which you can use to evaluate the volatility of the firm. Please confirm Byke Hospitality's Risk Adjusted Performance of 0.0233, semi deviation of 2.09, and Mean Deviation of 1.98 to double-check if the risk estimate we provide is consistent with the expected return of 0.0618%. Byke Hospitality has a performance score of 1 on a scale of 0 to 100. 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, returns on owning Byke Hospitality are expected to decrease at a much lower rate. During the bear market, Byke Hospitality is likely to outperform the market. Byke Hospitality right now shows a risk of 2.98%. Please confirm Byke Hospitality mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to decide if Byke Hospitality will be following its price patterns.
Auto-correlation | -0.13 |
Insignificant reverse predictability
The Byke Hospitality has insignificant reverse predictability. Overlapping area represents the amount of predictability between Byke Hospitality time series from 9th of December 2023 to 6th of June 2024 and 6th of June 2024 to 3rd 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 Byke Hospitality price movement. The serial correlation of -0.13 indicates that less than 13.0% of current Byke Hospitality price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 32.89 |
Byke Hospitality lagged returns against current returns
Autocorrelation, which is Byke Hospitality 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 Byke Hospitality's stock expected returns. We can calculate the autocorrelation of Byke Hospitality returns to help us make a trade decision. For example, suppose you find that Byke Hospitality 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 |
Byke Hospitality 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 Byke Hospitality stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Byke Hospitality stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Byke Hospitality stock over time.
Current vs Lagged Prices |
| Timeline |
Byke Hospitality Lagged Returns
When evaluating Byke Hospitality's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Byke Hospitality stock have on its future price. Byke Hospitality 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, Byke Hospitality autocorrelation shows the relationship between Byke Hospitality stock current value and its past values and can show if there is a momentum factor associated with investing in The Byke Hospitality.
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 Byke Stock Analysis
When running Byke Hospitality's price analysis, check to measure Byke Hospitality'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 Byke Hospitality is operating at the current time. Most of Byke Hospitality's value examination focuses on studying past and present price action to predict the probability of Byke Hospitality's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Byke Hospitality's price. Additionally, you may evaluate how the addition of Byke Hospitality to your portfolios can decrease your overall portfolio volatility.