HDFC Bank (India) Market Value
| HDFCBANK | 1,793 19.15 1.06% |
| Symbol | HDFC |
HDFC Bank '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 HDFC Bank'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 HDFC Bank.
| 06/01/2024 |
| 11/28/2024 |
If you would invest 0.00 in HDFC Bank on June 1, 2024 and sell it all today you would earn a total of 0.00 from holding HDFC Bank Limited or generate 0.0% return on investment in HDFC Bank over 180 days. HDFC Bank is related to or competes with G-Tec Jainx, Usha Martin, VIP Clothing, Eros International, Bharatiya Global, Zodiac Clothing, and Zee Entertainment. HDFC Bank is entity of India. It is traded as Stock on NSE exchange. More
HDFC Bank 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 HDFC Bank'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 HDFC Bank Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.2 | |||
| Information Ratio | 0.0276 | |||
| Maximum Drawdown | 5.51 | |||
| Value At Risk | (2.14) | |||
| Potential Upside | 2.25 |
HDFC Bank Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HDFC Bank's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HDFC Bank's standard deviation. In reality, there are many statistical measures that can use HDFC Bank historical prices to predict the future HDFC Bank's volatility.| Risk Adjusted Performance | 0.1043 | |||
| Jensen Alpha | 0.1195 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.0279 | |||
| Treynor Ratio | 0.588 |
HDFC Bank Limited Backtested Returns
As of now, HDFC Stock is very steady. HDFC Bank Limited holds Efficiency (Sharpe) Ratio of 0.12, which attests that the entity had a 0.12% return per unit of return volatility over the last 3 months. We have found twenty-eight technical indicators for HDFC Bank Limited, which you can use to evaluate the volatility of the firm. Please check out HDFC Bank's Risk Adjusted Performance of 0.1043, market risk adjusted performance of 0.598, and Semi Deviation of 1.02 to validate if the risk estimate we provide is consistent with the expected return of 0.15%. HDFC Bank has a performance score of 9 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.25, which attests to not very significant fluctuations relative to the market. As returns on the market increase, HDFC Bank's returns are expected to increase less than the market. However, during the bear market, the loss of holding HDFC Bank is expected to be smaller as well. HDFC Bank Limited at this time retains a risk of 1.25%. Please check out HDFC Bank downside deviation, total risk alpha, value at risk, as well as the relationship between the information ratio and treynor ratio , to decide if HDFC Bank will be following its current trending patterns.
Auto-correlation | 0.53 |
Modest predictability
HDFC Bank Limited has modest predictability. Overlapping area represents the amount of predictability between HDFC Bank time series from 1st of June 2024 to 30th of August 2024 and 30th of August 2024 to 28th of November 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 HDFC Bank Limited price movement. The serial correlation of 0.53 indicates that about 53.0% of current HDFC Bank price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.53 | |
| Spearman Rank Test | 0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 2371.53 |
HDFC Bank Limited lagged returns against current returns
Autocorrelation, which is HDFC Bank 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 HDFC Bank's stock expected returns. We can calculate the autocorrelation of HDFC Bank returns to help us make a trade decision. For example, suppose you find that HDFC Bank 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 |
HDFC Bank 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 HDFC Bank stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HDFC Bank stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HDFC Bank stock over time.
Current vs Lagged Prices |
| Timeline |
HDFC Bank Lagged Returns
When evaluating HDFC Bank's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HDFC Bank stock have on its future price. HDFC Bank 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, HDFC Bank autocorrelation shows the relationship between HDFC Bank stock current value and its past values and can show if there is a momentum factor associated with investing in HDFC Bank 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.When determining whether HDFC Bank Limited offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of HDFC Bank's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Hdfc Bank Limited Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Hdfc Bank Limited Stock:Check out HDFC Bank Correlation, HDFC Bank Volatility and HDFC Bank Alpha and Beta module to complement your research on HDFC Bank. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
HDFC Bank technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.