Dr Reddys (Germany) Market Value
| RDDA Stock | EUR 14.30 0.10 0.70% |
| Symbol | RDDA |
Dr Reddys '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 Dr Reddys' 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 Dr Reddys.
| 01/02/2023 |
| 12/22/2024 |
If you would invest 0.00 in Dr Reddys on January 2, 2023 and sell it all today you would earn a total of 0.00 from holding Dr Reddys Laboratories or generate 0.0% return on investment in Dr Reddys over 720 days. Dr Reddys is related to or competes with Soken Chemical, Mitsubishi Gas, KINGBOARD CHEMICAL, Quaker Chemical, BRIT AMER, NORTHEAST UTILITIES, and Eastman Chemical. Reddys Laboratories Limited operates as an integrated pharmaceutical company worldwide More
Dr Reddys 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 Dr Reddys' 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 Dr Reddys Laboratories upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.72 | |||
| Information Ratio | 0.0146 | |||
| Maximum Drawdown | 6.92 | |||
| Value At Risk | (2.22) | |||
| Potential Upside | 2.84 |
Dr Reddys Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dr Reddys' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dr Reddys' standard deviation. In reality, there are many statistical measures that can use Dr Reddys historical prices to predict the future Dr Reddys' volatility.| Risk Adjusted Performance | 0.0329 | |||
| Jensen Alpha | 0.037 | |||
| Total Risk Alpha | 0.0014 | |||
| Sortino Ratio | 0.0132 | |||
| Treynor Ratio | 0.1268 |
Dr Reddys Laboratories Backtested Returns
At this point, Dr Reddys is very steady. Dr Reddys Laboratories retains Efficiency (Sharpe Ratio) of 0.0353, which denotes the company had a 0.0353% return per unit of price deviation over the last 3 months. We have found twenty-seven technical indicators for Dr Reddys, which you can use to evaluate the volatility of the firm. Please confirm Dr Reddys' Standard Deviation of 1.55, downside deviation of 1.72, and Market Risk Adjusted Performance of 0.1368 to check if the risk estimate we provide is consistent with the expected return of 0.0549%. Dr Reddys has a performance score of 2 on a scale of 0 to 100. The firm owns a Beta (Systematic Risk) of 0.35, which means possible diversification benefits within a given portfolio. As returns on the market increase, Dr Reddys' returns are expected to increase less than the market. However, during the bear market, the loss of holding Dr Reddys is expected to be smaller as well. Dr Reddys Laboratories at this time owns a risk of 1.55%. Please confirm Dr Reddys Laboratories semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to decide if Dr Reddys Laboratories will be following its current price history.
Auto-correlation | 0.88 |
Very good predictability
Dr Reddys Laboratories has very good predictability. Overlapping area represents the amount of predictability between Dr Reddys time series from 2nd of January 2023 to 28th of December 2023 and 28th of December 2023 to 22nd 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 Dr Reddys Laboratories price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current Dr Reddys price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.88 | |
| Spearman Rank Test | 0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 0.95 |
Dr Reddys Laboratories lagged returns against current returns
Autocorrelation, which is Dr Reddys 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 Dr Reddys' stock expected returns. We can calculate the autocorrelation of Dr Reddys returns to help us make a trade decision. For example, suppose you find that Dr Reddys 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 |
Dr Reddys 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 Dr Reddys stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dr Reddys stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dr Reddys stock over time.
Current vs Lagged Prices |
| Timeline |
Dr Reddys Lagged Returns
When evaluating Dr Reddys' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dr Reddys stock have on its future price. Dr Reddys 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, Dr Reddys autocorrelation shows the relationship between Dr Reddys stock current value and its past values and can show if there is a momentum factor associated with investing in Dr Reddys Laboratories.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in RDDA Stock
When determining whether Dr Reddys Laboratories offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Dr Reddys' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Dr Reddys Laboratories Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Dr Reddys Laboratories Stock:Check out Dr Reddys Correlation, Dr Reddys Volatility and Dr Reddys Alpha and Beta module to complement your research on Dr Reddys. You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
Dr Reddys technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.