Cholamandalam Financial (India) Market Value
| CHOLAHLDNG | 1,632 35.55 2.23% |
| Symbol | Cholamandalam |
Cholamandalam Financial '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 Cholamandalam Financial'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 Cholamandalam Financial.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Cholamandalam Financial on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Cholamandalam Financial Holdings or generate 0.0% return on investment in Cholamandalam Financial over 30 days. Cholamandalam Financial is related to or competes with Life Insurance, Hi Tech, Tips Music, DiGiSPICE Technologies, AVALON TECHNOLOGIES, Paramount Communications, and UltraTech Cement. Cholamandalam Financial is entity of India More
Cholamandalam Financial 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 Cholamandalam Financial'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 Cholamandalam Financial Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.27 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 11.57 | |||
| Value At Risk | (3.30) | |||
| Potential Upside | 3.61 |
Cholamandalam Financial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cholamandalam Financial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cholamandalam Financial's standard deviation. In reality, there are many statistical measures that can use Cholamandalam Financial historical prices to predict the future Cholamandalam Financial's volatility.| Risk Adjusted Performance | 0.01 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.39) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | (0.000084) |
Cholamandalam Financial Backtested Returns
Cholamandalam Financial secures Sharpe Ratio (or Efficiency) of -0.0012, which signifies that the company had a -0.0012% return per unit of risk over the last 3 months. Cholamandalam Financial Holdings exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cholamandalam Financial's Downside Deviation of 2.27, risk adjusted performance of 0.01, and Mean Deviation of 1.86 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.5, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Cholamandalam Financial's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cholamandalam Financial is expected to be smaller as well. At this point, Cholamandalam Financial has a negative expected return of -0.0028%. Please make sure to confirm Cholamandalam Financial's total risk alpha, downside variance, daily balance of power, as well as the relationship between the maximum drawdown and skewness , to decide if Cholamandalam Financial performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.86 |
Excellent reverse predictability
Cholamandalam Financial Holdings has excellent reverse predictability. Overlapping area represents the amount of predictability between Cholamandalam Financial time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Cholamandalam Financial price movement. The serial correlation of -0.86 indicates that approximately 86.0% of current Cholamandalam Financial price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.86 | |
| Spearman Rank Test | -0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 2356.1 |
Cholamandalam Financial lagged returns against current returns
Autocorrelation, which is Cholamandalam Financial 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 Cholamandalam Financial's stock expected returns. We can calculate the autocorrelation of Cholamandalam Financial returns to help us make a trade decision. For example, suppose you find that Cholamandalam Financial 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 |
Cholamandalam Financial 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 Cholamandalam Financial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cholamandalam Financial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cholamandalam Financial stock over time.
Current vs Lagged Prices |
| Timeline |
Cholamandalam Financial Lagged Returns
When evaluating Cholamandalam Financial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cholamandalam Financial stock have on its future price. Cholamandalam Financial 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, Cholamandalam Financial autocorrelation shows the relationship between Cholamandalam Financial stock current value and its past values and can show if there is a momentum factor associated with investing in Cholamandalam Financial Holdings.
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 Cholamandalam Stock
Cholamandalam Financial financial ratios help investors to determine whether Cholamandalam 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 Cholamandalam with respect to the benefits of owning Cholamandalam Financial security.