Indian Card (India) Market Value
| INDIANCARD | 330.05 3.30 1.01% |
| Symbol | Indian |
Indian Card '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 Indian Card'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 Indian Card.
| 12/18/2023 |
| 12/12/2024 |
If you would invest 0.00 in Indian Card on December 18, 2023 and sell it all today you would earn a total of 0.00 from holding Indian Card Clothing or generate 0.0% return on investment in Indian Card over 360 days. Indian Card is related to or competes with Royal Orchid, Union Bank, City Union, General Insurance, Motilal Oswal, CSB Bank, and Oriental Hotels. Indian Card is entity of India. It is traded as Stock on NSE exchange. More
Indian Card 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 Indian Card'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 Indian Card Clothing upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.98 | |||
| Information Ratio | 0.0447 | |||
| Maximum Drawdown | 7.57 | |||
| Value At Risk | (3.16) | |||
| Potential Upside | 4.07 |
Indian Card Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Indian Card's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Indian Card's standard deviation. In reality, there are many statistical measures that can use Indian Card historical prices to predict the future Indian Card's volatility.| Risk Adjusted Performance | 0.0795 | |||
| Jensen Alpha | 0.161 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | 0.0499 | |||
| Treynor Ratio | 0.4653 |
Indian Card Clothing Backtested Returns
Indian Card appears to be very steady, given 3 months investment horizon. Indian Card Clothing holds Efficiency (Sharpe) Ratio of 0.11, which attests that the entity had a 0.11% return per unit of risk over the last 3 months. We have found thirty technical indicators for Indian Card Clothing, which you can use to evaluate the volatility of the firm. Please utilize Indian Card's Risk Adjusted Performance of 0.0795, market risk adjusted performance of 0.4753, and Downside Deviation of 1.98 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Indian Card holds a performance score of 8. 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, Indian Card's returns are expected to increase less than the market. However, during the bear market, the loss of holding Indian Card is expected to be smaller as well. Please check Indian Card's total risk alpha, value at risk, and the relationship between the standard deviation and treynor ratio , to make a quick decision on whether Indian Card's current trending patterns will revert.
Auto-correlation | -0.16 |
Insignificant reverse predictability
Indian Card Clothing has insignificant reverse predictability. Overlapping area represents the amount of predictability between Indian Card time series from 18th of December 2023 to 15th of June 2024 and 15th of June 2024 to 12th 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 Indian Card Clothing price movement. The serial correlation of -0.16 indicates that over 16.0% of current Indian Card price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.16 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 117.03 |
Indian Card Clothing lagged returns against current returns
Autocorrelation, which is Indian Card 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 Indian Card's stock expected returns. We can calculate the autocorrelation of Indian Card returns to help us make a trade decision. For example, suppose you find that Indian Card 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 |
Indian Card 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 Indian Card stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Indian Card stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Indian Card stock over time.
Current vs Lagged Prices |
| Timeline |
Indian Card Lagged Returns
When evaluating Indian Card's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Indian Card stock have on its future price. Indian Card 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, Indian Card autocorrelation shows the relationship between Indian Card stock current value and its past values and can show if there is a momentum factor associated with investing in Indian Card Clothing.
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 Indian Stock
Indian Card financial ratios help investors to determine whether Indian 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 Indian with respect to the benefits of owning Indian Card security.