Nazara Technologies (India) Market Value
| NAZARA Stock | 1,001 20.45 2.00% |
| Symbol | Nazara |
Nazara Technologies '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 Nazara Technologies' 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 Nazara Technologies.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Nazara Technologies on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Nazara Technologies Limited or generate 0.0% return on investment in Nazara Technologies over 720 days. Nazara Technologies is related to or competes with Himadri Speciality, HDFC Asset, Chambal Fertilizers, Archean Chemical, 21st Century, Advani Hotels, and Juniper Hotels. Nazara Technologies is entity of India. It is traded as Stock on NSE exchange. More
Nazara Technologies 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 Nazara Technologies' 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 Nazara Technologies Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.3 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 9.74 | |||
| Value At Risk | (4.00) | |||
| Potential Upside | 4.47 |
Nazara Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nazara Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nazara Technologies' standard deviation. In reality, there are many statistical measures that can use Nazara Technologies historical prices to predict the future Nazara Technologies' volatility.| Risk Adjusted Performance | 0.0424 | |||
| Jensen Alpha | 0.0053 | |||
| Total Risk Alpha | (0.31) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.1345 |
Nazara Technologies Backtested Returns
At this point, Nazara Technologies is very steady. Nazara Technologies has Sharpe Ratio of 0.0671, which conveys that the firm had a 0.0671% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Nazara Technologies, which you can use to evaluate the volatility of the firm. Please verify Nazara Technologies' Downside Deviation of 2.3, mean deviation of 1.9, and Risk Adjusted Performance of 0.0424 to check out if the risk estimate we provide is consistent with the expected return of 0.17%. Nazara Technologies has a performance score of 5 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.77, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Nazara Technologies' returns are expected to increase less than the market. However, during the bear market, the loss of holding Nazara Technologies is expected to be smaller as well. Nazara Technologies right now secures a risk of 2.5%. Please verify Nazara Technologies Limited expected short fall, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Nazara Technologies Limited will be following its current price movements.
Auto-correlation | 0.74 |
Good predictability
Nazara Technologies Limited has good predictability. Overlapping area represents the amount of predictability between Nazara Technologies time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 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 Nazara Technologies price movement. The serial correlation of 0.74 indicates that around 74.0% of current Nazara Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.74 | |
| Spearman Rank Test | 0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 14.7 K |
Nazara Technologies lagged returns against current returns
Autocorrelation, which is Nazara Technologies 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 Nazara Technologies' stock expected returns. We can calculate the autocorrelation of Nazara Technologies returns to help us make a trade decision. For example, suppose you find that Nazara Technologies 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 |
Nazara Technologies 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 Nazara Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nazara Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nazara Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Nazara Technologies Lagged Returns
When evaluating Nazara Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nazara Technologies stock have on its future price. Nazara Technologies 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, Nazara Technologies autocorrelation shows the relationship between Nazara Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Nazara Technologies Limited.
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 Nazara Stock
Nazara Technologies financial ratios help investors to determine whether Nazara 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 Nazara with respect to the benefits of owning Nazara Technologies security.