DiGiSPICE Technologies (India) Market Value
| DIGISPICE | 26.71 0.21 0.79% |
| Symbol | DiGiSPICE |
DiGiSPICE Technologies '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 DiGiSPICE Technologies' 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 DiGiSPICE Technologies.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in DiGiSPICE Technologies on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding DiGiSPICE Technologies Limited or generate 0.0% return on investment in DiGiSPICE Technologies over 30 days. DiGiSPICE Technologies is related to or competes with Datamatics Global, Kewal Kiran, G Tec, Sportking India, Varun Beverages, Melstar Information, and Clean Science. DiGiSPICE Technologies is entity of India More
DiGiSPICE Technologies 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 DiGiSPICE Technologies' 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 DiGiSPICE Technologies Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 9.99 | |||
| Value At Risk | (3.93) | |||
| Potential Upside | 4.99 |
DiGiSPICE Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DiGiSPICE Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DiGiSPICE Technologies' standard deviation. In reality, there are many statistical measures that can use DiGiSPICE Technologies historical prices to predict the future DiGiSPICE Technologies' volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.47) | |||
| Total Risk Alpha | (0.85) | |||
| Treynor Ratio | (1.07) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of DiGiSPICE Technologies' 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.
DiGiSPICE Technologies Backtested Returns
DiGiSPICE Technologies secures Sharpe Ratio (or Efficiency) of -0.17, which denotes the company had a -0.17% return per unit of return volatility over the last 3 months. DiGiSPICE Technologies Limited exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm DiGiSPICE Technologies' mean deviation of 1.89, and Standard Deviation of 2.55 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.4, which means possible diversification benefits within a given portfolio. As returns on the market increase, DiGiSPICE Technologies' returns are expected to increase less than the market. However, during the bear market, the loss of holding DiGiSPICE Technologies is expected to be smaller as well. At this point, DiGiSPICE Technologies has a negative expected return of -0.42%. Please make sure to confirm DiGiSPICE Technologies' treynor ratio, as well as the relationship between the kurtosis and day typical price , to decide if DiGiSPICE Technologies performance from the past will be repeated at some future point.
Auto-correlation | -0.22 |
Weak reverse predictability
DiGiSPICE Technologies Limited has weak reverse predictability. Overlapping area represents the amount of predictability between DiGiSPICE Technologies 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 DiGiSPICE Technologies price movement. The serial correlation of -0.22 indicates that over 22.0% of current DiGiSPICE Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.24 |
DiGiSPICE Technologies lagged returns against current returns
Autocorrelation, which is DiGiSPICE Technologies 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 DiGiSPICE Technologies' stock expected returns. We can calculate the autocorrelation of DiGiSPICE Technologies returns to help us make a trade decision. For example, suppose you find that DiGiSPICE Technologies 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 |
DiGiSPICE Technologies 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 DiGiSPICE Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DiGiSPICE Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DiGiSPICE Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
DiGiSPICE Technologies Lagged Returns
When evaluating DiGiSPICE Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DiGiSPICE Technologies stock have on its future price. DiGiSPICE Technologies 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, DiGiSPICE Technologies autocorrelation shows the relationship between DiGiSPICE Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in DiGiSPICE Technologies 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 DiGiSPICE Stock
DiGiSPICE Technologies financial ratios help investors to determine whether DiGiSPICE 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 DiGiSPICE with respect to the benefits of owning DiGiSPICE Technologies security.