Piramal Enterprises (India) Market Value
| PEL Stock | 1,207 22.45 1.89% |
| Symbol | Piramal |
Piramal Enterprises '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 Piramal Enterprises' 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 Piramal Enterprises.
| 12/08/2023 |
| 12/02/2024 |
If you would invest 0.00 in Piramal Enterprises on December 8, 2023 and sell it all today you would earn a total of 0.00 from holding Piramal Enterprises Limited or generate 0.0% return on investment in Piramal Enterprises over 360 days. Piramal Enterprises is related to or competes with Reliance Industries, Shipping, Indo Borax, Kingfa Science, Alkali Metals, Krebs Biochemicals, and KNR Constructions. Piramal Enterprises is entity of India. It is traded as Stock on NSE exchange. More
Piramal Enterprises 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 Piramal Enterprises' 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 Piramal Enterprises Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.98 | |||
| Information Ratio | 0.0103 | |||
| Maximum Drawdown | 10.76 | |||
| Value At Risk | (2.88) | |||
| Potential Upside | 2.9 |
Piramal Enterprises Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Piramal Enterprises' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Piramal Enterprises' standard deviation. In reality, there are many statistical measures that can use Piramal Enterprises historical prices to predict the future Piramal Enterprises' volatility.| Risk Adjusted Performance | 0.0637 | |||
| Jensen Alpha | 0.1145 | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | 0.011 | |||
| Treynor Ratio | 0.5453 |
Piramal Enterprises Backtested Returns
Piramal Enterprises appears to be very steady, given 3 months investment horizon. Piramal Enterprises maintains Sharpe Ratio (i.e., Efficiency) of 0.1, which implies the firm had a 0.1% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Piramal Enterprises, which you can use to evaluate the volatility of the company. Please evaluate Piramal Enterprises' Semi Deviation of 1.88, risk adjusted performance of 0.0637, and Coefficient Of Variation of 1333.95 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Piramal Enterprises holds a performance score of 8. The company holds a Beta of 0.27, which implies not very significant fluctuations relative to the market. As returns on the market increase, Piramal Enterprises' returns are expected to increase less than the market. However, during the bear market, the loss of holding Piramal Enterprises is expected to be smaller as well. Please check Piramal Enterprises' maximum drawdown, skewness, day typical price, as well as the relationship between the downside variance and daily balance of power , to make a quick decision on whether Piramal Enterprises' historical price patterns will revert.
Auto-correlation | -0.57 |
Good reverse predictability
Piramal Enterprises Limited has good reverse predictability. Overlapping area represents the amount of predictability between Piramal Enterprises time series from 8th of December 2023 to 5th of June 2024 and 5th of June 2024 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 Piramal Enterprises price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current Piramal Enterprises price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | -0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 6968.56 |
Piramal Enterprises lagged returns against current returns
Autocorrelation, which is Piramal Enterprises 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 Piramal Enterprises' stock expected returns. We can calculate the autocorrelation of Piramal Enterprises returns to help us make a trade decision. For example, suppose you find that Piramal Enterprises 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 |
Piramal Enterprises 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 Piramal Enterprises stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Piramal Enterprises stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Piramal Enterprises stock over time.
Current vs Lagged Prices |
| Timeline |
Piramal Enterprises Lagged Returns
When evaluating Piramal Enterprises' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Piramal Enterprises stock have on its future price. Piramal Enterprises 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, Piramal Enterprises autocorrelation shows the relationship between Piramal Enterprises stock current value and its past values and can show if there is a momentum factor associated with investing in Piramal Enterprises 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 Piramal Stock
Piramal Enterprises financial ratios help investors to determine whether Piramal 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 Piramal with respect to the benefits of owning Piramal Enterprises security.