Max Financial (India) Market Value
| MFSL Stock | 1,115 19.30 1.70% |
| Symbol | Max |
Max Financial '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 Max Financial'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 Max Financial.
| 12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in Max Financial on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding Max Financial Services or generate 0.0% return on investment in Max Financial over 360 days. Max Financial is related to or competes with AVALON TECHNOLOGIES, ADF Foods, Agro Tech, Newgen Software, WESTLIFE FOODWORLD, Sapphire Foods, and 63 Moons. Max Financial is entity of India. It is traded as Stock on NSE exchange. More
Max Financial 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 Max Financial'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 Max Financial Services upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.62 | |||
| Information Ratio | 6.0E-4 | |||
| Maximum Drawdown | 12.69 | |||
| Value At Risk | (2.10) | |||
| Potential Upside | 3.18 |
Max Financial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Max Financial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Max Financial's standard deviation. In reality, there are many statistical measures that can use Max Financial historical prices to predict the future Max Financial's volatility.| Risk Adjusted Performance | 0.0567 | |||
| Jensen Alpha | 0.1557 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | 7.0E-4 | |||
| Treynor Ratio | (0.33) |
Max Financial Services Backtested Returns
Max Financial Services has Sharpe Ratio of -0.0057, which conveys that the firm had a -0.0057% return per unit of risk over the last 3 months. Max Financial exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Max Financial's Risk Adjusted Performance of 0.0567, downside deviation of 1.62, and Mean Deviation of 1.32 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.35, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Max Financial are expected to decrease at a much lower rate. During the bear market, Max Financial is likely to outperform the market. At this point, Max Financial Services has a negative expected return of -0.0103%. Please make sure to verify Max Financial's maximum drawdown, potential upside, semi variance, as well as the relationship between the value at risk and downside variance , to decide if Max Financial Services performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.36 |
Below average predictability
Max Financial Services has below average predictability. Overlapping area represents the amount of predictability between Max Financial time series from 9th of December 2023 to 6th of June 2024 and 6th of June 2024 to 3rd 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 Max Financial Services price movement. The serial correlation of 0.36 indicates that just about 36.0% of current Max Financial price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | 0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 8633.59 |
Max Financial Services lagged returns against current returns
Autocorrelation, which is Max Financial 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 Max Financial's stock expected returns. We can calculate the autocorrelation of Max Financial returns to help us make a trade decision. For example, suppose you find that Max Financial 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 |
Max Financial 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 Max Financial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Max Financial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Max Financial stock over time.
Current vs Lagged Prices |
| Timeline |
Max Financial Lagged Returns
When evaluating Max Financial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Max Financial stock have on its future price. Max Financial 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, Max Financial autocorrelation shows the relationship between Max Financial stock current value and its past values and can show if there is a momentum factor associated with investing in Max Financial Services.
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.Additional Tools for Max Stock Analysis
When running Max Financial's price analysis, check to measure Max Financial'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 Max Financial is operating at the current time. Most of Max Financial's value examination focuses on studying past and present price action to predict the probability of Max Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Max Financial's price. Additionally, you may evaluate how the addition of Max Financial to your portfolios can decrease your overall portfolio volatility.