Indegene (India) Market Value
| INDGN Stock | 600.65 9.75 1.65% |
| Symbol | Indegene |
Indegene '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 Indegene'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 Indegene.
| 11/19/2023 |
| 12/13/2024 |
If you would invest 0.00 in Indegene on November 19, 2023 and sell it all today you would earn a total of 0.00 from holding Indegene or generate 0.0% return on investment in Indegene over 390 days. Indegene is related to or competes with Computer Age, ADF Foods, Kohinoor Foods, LT Foods, Newgen Software, Syrma SGS, and Selan Exploration. Indegene is entity of India. It is traded as Stock on NSE exchange. More
Indegene 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 Indegene'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 Indegene upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 12.51 | |||
| Value At Risk | (5.50) | |||
| Potential Upside | 4.49 |
Indegene Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Indegene's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Indegene's standard deviation. In reality, there are many statistical measures that can use Indegene historical prices to predict the future Indegene's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.55) | |||
| Treynor Ratio | (0.31) |
Indegene Backtested Returns
Indegene holds Efficiency (Sharpe) Ratio of -0.0511, which attests that the entity had a -0.0511% return per unit of risk over the last 3 months. Indegene exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Indegene's Standard Deviation of 2.8, risk adjusted performance of (0.03), and Market Risk Adjusted Performance of (0.30) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.5, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Indegene's returns are expected to increase less than the market. However, during the bear market, the loss of holding Indegene is expected to be smaller as well. At this point, Indegene has a negative expected return of -0.14%. Please make sure to check out Indegene's potential upside, and the relationship between the total risk alpha and daily balance of power , to decide if Indegene performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.75 |
Almost perfect reverse predictability
Indegene has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Indegene time series from 19th of November 2023 to 1st of June 2024 and 1st of June 2024 to 13th 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 Indegene price movement. The serial correlation of -0.75 indicates that around 75.0% of current Indegene price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.75 | |
| Spearman Rank Test | -0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 716.45 |
Indegene lagged returns against current returns
Autocorrelation, which is Indegene 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 Indegene's stock expected returns. We can calculate the autocorrelation of Indegene returns to help us make a trade decision. For example, suppose you find that Indegene 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 |
Indegene 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 Indegene stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Indegene stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Indegene stock over time.
Current vs Lagged Prices |
| Timeline |
Indegene Lagged Returns
When evaluating Indegene's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Indegene stock have on its future price. Indegene 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, Indegene autocorrelation shows the relationship between Indegene stock current value and its past values and can show if there is a momentum factor associated with investing in Indegene.
Regressed Prices |
| Timeline |
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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 Indegene Stock
Indegene financial ratios help investors to determine whether Indegene 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 Indegene with respect to the benefits of owning Indegene security.