Lotus Eye (India) Market Value
| LOTUSEYE | 75.10 0.86 1.13% |
| Symbol | Lotus |
Lotus Eye '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 Lotus Eye'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 Lotus Eye.
| 12/18/2023 |
| 12/12/2024 |
If you would invest 0.00 in Lotus Eye on December 18, 2023 and sell it all today you would earn a total of 0.00 from holding Lotus Eye Hospital or generate 0.0% return on investment in Lotus Eye over 360 days. Lotus Eye is related to or competes with Reliance Industries, Oil Natural, ICICI Bank, and Bharti Airtel. Lotus Eye is entity of India. It is traded as Stock on NSE exchange. More
Lotus Eye 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 Lotus Eye'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 Lotus Eye Hospital upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.27 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 13.5 | |||
| Value At Risk | (3.82) | |||
| Potential Upside | 4.99 |
Lotus Eye Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lotus Eye's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lotus Eye's standard deviation. In reality, there are many statistical measures that can use Lotus Eye historical prices to predict the future Lotus Eye's volatility.| Risk Adjusted Performance | 0.013 | |||
| Jensen Alpha | 0.0029 | |||
| Total Risk Alpha | (0.39) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.1581 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Lotus Eye's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Lotus Eye Hospital Backtested Returns
At this stage we consider Lotus Stock to be very steady. Lotus Eye Hospital has Sharpe Ratio of 0.0021, which conveys that the firm had a 0.0021% return per unit of risk over the last 3 months. We have found thirty technical indicators for Lotus Eye, which you can use to evaluate the volatility of the firm. Please verify Lotus Eye's Downside Deviation of 2.27, risk adjusted performance of 0.013, and Mean Deviation of 1.89 to check out if the risk estimate we provide is consistent with the expected return of 0.0053%. The company secures a Beta (Market Risk) of 0.0666, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Lotus Eye's returns are expected to increase less than the market. However, during the bear market, the loss of holding Lotus Eye is expected to be smaller as well. Lotus Eye Hospital right now secures a risk of 2.5%. Please verify Lotus Eye Hospital downside variance, as well as the relationship between the daily balance of power and period momentum indicator , to decide if Lotus Eye Hospital will be following its current price movements.
Auto-correlation | -0.61 |
Very good reverse predictability
Lotus Eye Hospital has very good reverse predictability. Overlapping area represents the amount of predictability between Lotus Eye 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 Lotus Eye Hospital price movement. The serial correlation of -0.61 indicates that roughly 61.0% of current Lotus Eye price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.61 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 41.44 |
Lotus Eye Hospital lagged returns against current returns
Autocorrelation, which is Lotus Eye 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 Lotus Eye's stock expected returns. We can calculate the autocorrelation of Lotus Eye returns to help us make a trade decision. For example, suppose you find that Lotus Eye 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 |
Lotus Eye 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 Lotus Eye stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lotus Eye stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lotus Eye stock over time.
Current vs Lagged Prices |
| Timeline |
Lotus Eye Lagged Returns
When evaluating Lotus Eye's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lotus Eye stock have on its future price. Lotus Eye 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, Lotus Eye autocorrelation shows the relationship between Lotus Eye stock current value and its past values and can show if there is a momentum factor associated with investing in Lotus Eye Hospital.
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.Additional Tools for Lotus Stock Analysis
When running Lotus Eye's price analysis, check to measure Lotus Eye's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Lotus Eye is operating at the current time. Most of Lotus Eye's value examination focuses on studying past and present price action to predict the probability of Lotus Eye's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lotus Eye's price. Additionally, you may evaluate how the addition of Lotus Eye to your portfolios can decrease your overall portfolio volatility.