Tribhovandas Bhimji (India) Market Value
| TBZ Stock | 247.74 0.94 0.38% |
| Symbol | Tribhovandas |
Tribhovandas Bhimji '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 Tribhovandas Bhimji'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 Tribhovandas Bhimji.
| 11/24/2024 |
| 12/24/2024 |
If you would invest 0.00 in Tribhovandas Bhimji on November 24, 2024 and sell it all today you would earn a total of 0.00 from holding Tribhovandas Bhimji Zaveri or generate 0.0% return on investment in Tribhovandas Bhimji over 30 days. Tribhovandas Bhimji is related to or competes with Kaushalya Infrastructure, Tarapur Transformers, Kingfa Science, Rico Auto, GACM Technologies, COSMO FIRST, and Delta Manufacturing. Tribhovandas Bhimji is entity of India. It is traded as Stock on NSE exchange. More
Tribhovandas Bhimji 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 Tribhovandas Bhimji'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 Tribhovandas Bhimji Zaveri upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 17.64 | |||
| Value At Risk | (5.61) | |||
| Potential Upside | 6.65 |
Tribhovandas Bhimji Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tribhovandas Bhimji's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tribhovandas Bhimji's standard deviation. In reality, there are many statistical measures that can use Tribhovandas Bhimji historical prices to predict the future Tribhovandas Bhimji's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | (0.13) |
Tribhovandas Bhimji Backtested Returns
Tribhovandas Bhimji owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0405, which indicates the firm had a -0.0405% return per unit of risk over the last 3 months. Tribhovandas Bhimji Zaveri exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tribhovandas Bhimji's Risk Adjusted Performance of (0.01), variance of 13.35, and Coefficient Of Variation of (5,858) to confirm the risk estimate we provide. The entity has a beta of 0.55, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Tribhovandas Bhimji's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tribhovandas Bhimji is expected to be smaller as well. At this point, Tribhovandas Bhimji has a negative expected return of -0.14%. Please make sure to validate Tribhovandas Bhimji's maximum drawdown, daily balance of power, period momentum indicator, as well as the relationship between the skewness and day typical price , to decide if Tribhovandas Bhimji performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.88 |
Excellent reverse predictability
Tribhovandas Bhimji Zaveri has excellent reverse predictability. Overlapping area represents the amount of predictability between Tribhovandas Bhimji time series from 24th of November 2024 to 9th of December 2024 and 9th of December 2024 to 24th 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 Tribhovandas Bhimji price movement. The serial correlation of -0.88 indicates that approximately 88.0% of current Tribhovandas Bhimji price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.88 | |
| Spearman Rank Test | -0.89 | |
| Residual Average | 0.0 | |
| Price Variance | 133.17 |
Tribhovandas Bhimji lagged returns against current returns
Autocorrelation, which is Tribhovandas Bhimji 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 Tribhovandas Bhimji's stock expected returns. We can calculate the autocorrelation of Tribhovandas Bhimji returns to help us make a trade decision. For example, suppose you find that Tribhovandas Bhimji 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 |
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Tribhovandas Bhimji 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 Tribhovandas Bhimji stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tribhovandas Bhimji stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tribhovandas Bhimji stock over time.
Current vs Lagged Prices |
| Timeline |
Tribhovandas Bhimji Lagged Returns
When evaluating Tribhovandas Bhimji's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tribhovandas Bhimji stock have on its future price. Tribhovandas Bhimji 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, Tribhovandas Bhimji autocorrelation shows the relationship between Tribhovandas Bhimji stock current value and its past values and can show if there is a momentum factor associated with investing in Tribhovandas Bhimji Zaveri.
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 Tribhovandas Stock
Tribhovandas Bhimji financial ratios help investors to determine whether Tribhovandas 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 Tribhovandas with respect to the benefits of owning Tribhovandas Bhimji security.