Dev Information (India) Market Value
| DEVIT Stock | 164.60 3.40 2.11% |
| Symbol | Dev |
Dev Information '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 Dev Information'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 Dev Information.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Dev Information on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Dev Information Technology or generate 0.0% return on investment in Dev Information over 180 days. Dev Information is related to or competes with Consolidated Construction, Biofil Chemicals, Shipping, Indo Borax, Kingfa Science, Alkali Metals, and Krebs Biochemicals. Dev Information is entity of India. It is traded as Stock on NSE exchange. More
Dev Information 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 Dev Information'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 Dev Information Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.62 | |||
| Information Ratio | 0.066 | |||
| Maximum Drawdown | 20.56 | |||
| Value At Risk | (4.32) | |||
| Potential Upside | 7.13 |
Dev Information Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dev Information's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dev Information's standard deviation. In reality, there are many statistical measures that can use Dev Information historical prices to predict the future Dev Information's volatility.| Risk Adjusted Performance | 0.0868 | |||
| Jensen Alpha | 0.2164 | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | 0.0932 | |||
| Treynor Ratio | 0.3049 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Dev Information's 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.
Dev Information Tech Backtested Returns
Dev Information appears to be very steady, given 3 months investment horizon. Dev Information Tech secures Sharpe Ratio (or Efficiency) of 0.0898, which denotes the company had a 0.0898% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Dev Information Technology, which you can use to evaluate the volatility of the firm. Please utilize Dev Information's Coefficient Of Variation of 969.85, mean deviation of 2.58, and Downside Deviation of 2.62 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Dev Information holds a performance score of 7. The firm shows a Beta (market volatility) of 1.22, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Dev Information will likely underperform. Please check Dev Information's potential upside, as well as the relationship between the kurtosis and day typical price , to make a quick decision on whether Dev Information's price patterns will revert.
Auto-correlation | 0.34 |
Below average predictability
Dev Information Technology has below average predictability. Overlapping area represents the amount of predictability between Dev Information time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 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 Dev Information Tech price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current Dev Information price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | 0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 159.99 |
Dev Information Tech lagged returns against current returns
Autocorrelation, which is Dev Information 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 Dev Information's stock expected returns. We can calculate the autocorrelation of Dev Information returns to help us make a trade decision. For example, suppose you find that Dev Information 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 |
Dev Information 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 Dev Information stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dev Information stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dev Information stock over time.
Current vs Lagged Prices |
| Timeline |
Dev Information Lagged Returns
When evaluating Dev Information's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dev Information stock have on its future price. Dev Information 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, Dev Information autocorrelation shows the relationship between Dev Information stock current value and its past values and can show if there is a momentum factor associated with investing in Dev Information Technology.
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 Dev Stock
Dev Information financial ratios help investors to determine whether Dev 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 Dev with respect to the benefits of owning Dev Information security.