Electronics Mart (India) Market Value
| EMIL Stock | 180.07 1.24 0.69% |
| Symbol | Electronics |
Electronics Mart '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 Electronics Mart'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 Electronics Mart.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Electronics Mart on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Electronics Mart India or generate 0.0% return on investment in Electronics Mart over 720 days. Electronics Mart is related to or competes with Vodafone Idea, Yes Bank, Indian Overseas, Indian Oil, and Suzlon Energy. Electronics Mart is entity of India. It is traded as Stock on NSE exchange. More
Electronics Mart 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 Electronics Mart'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 Electronics Mart India upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 17.23 | |||
| Value At Risk | (4.11) | |||
| Potential Upside | 3.96 |
Electronics Mart Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Electronics Mart's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Electronics Mart's standard deviation. In reality, there are many statistical measures that can use Electronics Mart historical prices to predict the future Electronics Mart's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.35) | |||
| Total Risk Alpha | (0.80) | |||
| Treynor Ratio | (3.10) |
Electronics Mart India Backtested Returns
Electronics Mart India secures Sharpe Ratio (or Efficiency) of -0.0952, which denotes the company had a -0.0952% return per unit of risk over the last 3 months. Electronics Mart India exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Electronics Mart's Standard Deviation of 2.74, variance of 7.52, and Mean Deviation of 1.99 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.11, which means not very significant fluctuations relative to the market. As returns on the market increase, Electronics Mart's returns are expected to increase less than the market. However, during the bear market, the loss of holding Electronics Mart is expected to be smaller as well. At this point, Electronics Mart India has a negative expected return of -0.26%. Please make sure to confirm Electronics Mart's coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Electronics Mart India performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.45 |
Modest reverse predictability
Electronics Mart India has modest reverse predictability. Overlapping area represents the amount of predictability between Electronics Mart time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 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 Electronics Mart India price movement. The serial correlation of -0.45 indicates that just about 45.0% of current Electronics Mart price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.45 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 256.28 |
Electronics Mart India lagged returns against current returns
Autocorrelation, which is Electronics Mart 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 Electronics Mart's stock expected returns. We can calculate the autocorrelation of Electronics Mart returns to help us make a trade decision. For example, suppose you find that Electronics Mart 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 |
Electronics Mart 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 Electronics Mart stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Electronics Mart stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Electronics Mart stock over time.
Current vs Lagged Prices |
| Timeline |
Electronics Mart Lagged Returns
When evaluating Electronics Mart's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Electronics Mart stock have on its future price. Electronics Mart 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, Electronics Mart autocorrelation shows the relationship between Electronics Mart stock current value and its past values and can show if there is a momentum factor associated with investing in Electronics Mart India.
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 Electronics Stock Analysis
When running Electronics Mart's price analysis, check to measure Electronics Mart'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 Electronics Mart is operating at the current time. Most of Electronics Mart's value examination focuses on studying past and present price action to predict the probability of Electronics Mart's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Electronics Mart's price. Additionally, you may evaluate how the addition of Electronics Mart to your portfolios can decrease your overall portfolio volatility.