PSP Projects (India) Market Value
| PSPPROJECT | 653.35 0.50 0.08% |
| Symbol | PSP |
PSP Projects '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 PSP Projects' 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 PSP Projects.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in PSP Projects on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding PSP Projects Limited or generate 0.0% return on investment in PSP Projects over 30 days. PSP Projects is related to or competes with Music Broadcast, Fine Organic, Patanjali Foods, Kohinoor Foods, Ami Organics, Jubilant Foodworks, and Dodla Dairy. PSP Projects is entity of India. It is traded as Stock on NSE exchange. More
PSP Projects 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 PSP Projects' 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 PSP Projects Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 14.13 | |||
| Value At Risk | (3.01) | |||
| Potential Upside | 4.21 |
PSP Projects Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PSP Projects' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PSP Projects' standard deviation. In reality, there are many statistical measures that can use PSP Projects historical prices to predict the future PSP Projects' volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.40) | |||
| Treynor Ratio | (0.09) |
PSP Projects Limited Backtested Returns
PSP Projects Limited maintains Sharpe Ratio (i.e., Efficiency) of -0.0094, which implies the firm had a -0.0094% return per unit of standard deviation over the last 3 months. PSP Projects Limited exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check PSP Projects' insignificant Risk Adjusted Performance, coefficient of variation of (7,912), and Market Risk Adjusted Performance of (0.08) to confirm the risk estimate we provide. The company holds a Beta of 0.46, which implies possible diversification benefits within a given portfolio. As returns on the market increase, PSP Projects' returns are expected to increase less than the market. However, during the bear market, the loss of holding PSP Projects is expected to be smaller as well. At this point, PSP Projects Limited has a negative expected return of -0.0218%. Please make sure to check PSP Projects' treynor ratio, accumulation distribution, as well as the relationship between the Accumulation Distribution and price action indicator , to decide if PSP Projects Limited performance from the past will be repeated at some future point.
Auto-correlation | -0.33 |
Poor reverse predictability
PSP Projects Limited has poor reverse predictability. Overlapping area represents the amount of predictability between PSP Projects time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 PSP Projects Limited price movement. The serial correlation of -0.33 indicates that nearly 33.0% of current PSP Projects price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.33 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 260.82 |
PSP Projects Limited lagged returns against current returns
Autocorrelation, which is PSP Projects 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 PSP Projects' stock expected returns. We can calculate the autocorrelation of PSP Projects returns to help us make a trade decision. For example, suppose you find that PSP Projects 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 |
PSP Projects 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 PSP Projects stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PSP Projects stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PSP Projects stock over time.
Current vs Lagged Prices |
| Timeline |
PSP Projects Lagged Returns
When evaluating PSP Projects' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PSP Projects stock have on its future price. PSP Projects 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, PSP Projects autocorrelation shows the relationship between PSP Projects stock current value and its past values and can show if there is a momentum factor associated with investing in PSP Projects 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 PSP Stock
PSP Projects financial ratios help investors to determine whether PSP 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 PSP with respect to the benefits of owning PSP Projects security.