ICICI Lombard (India) Market Value
| ICICIGI Stock | 1,834 27.75 1.49% |
| Symbol | ICICI |
ICICI Lombard '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 ICICI Lombard'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 ICICI Lombard.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in ICICI Lombard on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding ICICI Lombard General or generate 0.0% return on investment in ICICI Lombard over 180 days. ICICI Lombard is related to or competes with Healthcare Global, GPT Healthcare, Yatharth Hospital, Credo Brands, Aster DM, and SANOFI S. ICICI Lombard is entity of India. It is traded as Stock on NSE exchange. More
ICICI Lombard 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 ICICI Lombard'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 ICICI Lombard General upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.27) | |||
| Maximum Drawdown | 5.35 | |||
| Value At Risk | (2.16) | |||
| Potential Upside | 1.93 |
ICICI Lombard Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ICICI Lombard's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ICICI Lombard's standard deviation. In reality, there are many statistical measures that can use ICICI Lombard historical prices to predict the future ICICI Lombard's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.43) | |||
| Treynor Ratio | (2.68) |
ICICI Lombard General Backtested Returns
ICICI Lombard General holds Efficiency (Sharpe) Ratio of -0.21, which attests that the company had a -0.21% return per unit of risk over the last 3 months. ICICI Lombard General exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out ICICI Lombard's coefficient of variation of (612.69), and Standard Deviation of 1.27 to validate the risk estimate we provide. The firm retains a Market Volatility (i.e., Beta) of 0.0812, which attests to not very significant fluctuations relative to the market. As returns on the market increase, ICICI Lombard's returns are expected to increase less than the market. However, during the bear market, the loss of holding ICICI Lombard is expected to be smaller as well. At this point, ICICI Lombard General has a negative expected return of -0.26%. Please make sure to check out ICICI Lombard's treynor ratio, accumulation distribution, price action indicator, as well as the relationship between the potential upside and day median price , to decide if ICICI Lombard General performance from the past will be repeated in the future.
Auto-correlation | -0.89 |
Excellent reverse predictability
ICICI Lombard General has excellent reverse predictability. Overlapping area represents the amount of predictability between ICICI Lombard 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 ICICI Lombard General price movement. The serial correlation of -0.89 indicates that approximately 89.0% of current ICICI Lombard price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.89 | |
| Spearman Rank Test | -0.91 | |
| Residual Average | 0.0 | |
| Price Variance | 20.2 K |
ICICI Lombard General lagged returns against current returns
Autocorrelation, which is ICICI Lombard 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 ICICI Lombard's stock expected returns. We can calculate the autocorrelation of ICICI Lombard returns to help us make a trade decision. For example, suppose you find that ICICI Lombard 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 |
ICICI Lombard 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 ICICI Lombard stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ICICI Lombard stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ICICI Lombard stock over time.
Current vs Lagged Prices |
| Timeline |
ICICI Lombard Lagged Returns
When evaluating ICICI Lombard's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ICICI Lombard stock have on its future price. ICICI Lombard 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, ICICI Lombard autocorrelation shows the relationship between ICICI Lombard stock current value and its past values and can show if there is a momentum factor associated with investing in ICICI Lombard General.
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 ICICI Stock
ICICI Lombard financial ratios help investors to determine whether ICICI 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 ICICI with respect to the benefits of owning ICICI Lombard security.