Hindustan Zinc (India) Market Value
| HINDZINC | 504.60 10.55 2.14% |
| Symbol | Hindustan |
Hindustan Zinc '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 Hindustan Zinc'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 Hindustan Zinc.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in Hindustan Zinc on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding Hindustan Zinc Limited or generate 0.0% return on investment in Hindustan Zinc over 360 days. Hindustan Zinc is related to or competes with Network18 Media, Welspun Investments, Par Drugs, HDFC Asset, Melstar Information, POWERGRID Infrastructure, and AUTHUM INVESTMENT. Hindustan Zinc is entity of India. It is traded as Stock on NSE exchange. More
Hindustan Zinc 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 Hindustan Zinc'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 Hindustan Zinc Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.28 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 12.78 | |||
| Value At Risk | (3.00) | |||
| Potential Upside | 3.11 |
Hindustan Zinc Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hindustan Zinc's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hindustan Zinc's standard deviation. In reality, there are many statistical measures that can use Hindustan Zinc historical prices to predict the future Hindustan Zinc's volatility.| Risk Adjusted Performance | 0.0074 | |||
| Jensen Alpha | 0.051 | |||
| Total Risk Alpha | (0.36) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.0159 |
Hindustan Zinc Backtested Returns
As of now, Hindustan Stock is very steady. Hindustan Zinc holds Efficiency (Sharpe) Ratio of 0.0265, which attests that the entity had a 0.0265% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Hindustan Zinc, which you can use to evaluate the volatility of the firm. Please check out Hindustan Zinc's Risk Adjusted Performance of 0.0074, market risk adjusted performance of 0.0259, and Downside Deviation of 2.28 to validate if the risk estimate we provide is consistent with the expected return of 0.0561%. Hindustan Zinc has a performance score of 2 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.46, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Hindustan Zinc are expected to decrease at a much lower rate. During the bear market, Hindustan Zinc is likely to outperform the market. Hindustan Zinc right now retains a risk of 2.12%. Please check out Hindustan Zinc maximum drawdown, as well as the relationship between the skewness and day typical price , to decide if Hindustan Zinc will be following its current trending patterns.
Auto-correlation | -0.38 |
Poor reverse predictability
Hindustan Zinc Limited has poor reverse predictability. Overlapping area represents the amount of predictability between Hindustan Zinc time series from 7th of December 2023 to 4th of June 2024 and 4th of June 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 Hindustan Zinc price movement. The serial correlation of -0.38 indicates that just about 38.0% of current Hindustan Zinc price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.38 | |
| Spearman Rank Test | -0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 3965.19 |
Hindustan Zinc lagged returns against current returns
Autocorrelation, which is Hindustan Zinc 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 Hindustan Zinc's stock expected returns. We can calculate the autocorrelation of Hindustan Zinc returns to help us make a trade decision. For example, suppose you find that Hindustan Zinc 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 |
Hindustan Zinc 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 Hindustan Zinc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hindustan Zinc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hindustan Zinc stock over time.
Current vs Lagged Prices |
| Timeline |
Hindustan Zinc Lagged Returns
When evaluating Hindustan Zinc's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hindustan Zinc stock have on its future price. Hindustan Zinc 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, Hindustan Zinc autocorrelation shows the relationship between Hindustan Zinc stock current value and its past values and can show if there is a momentum factor associated with investing in Hindustan Zinc 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 Hindustan Stock
Hindustan Zinc financial ratios help investors to determine whether Hindustan 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 Hindustan with respect to the benefits of owning Hindustan Zinc security.