Transportof India (India) Market Value
| TCI Stock | 1,067 19.75 1.82% |
| Symbol | Transportof |
Transportof India '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 Transportof India'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 Transportof India.
| 06/01/2024 |
| 11/28/2024 |
If you would invest 0.00 in Transportof India on June 1, 2024 and sell it all today you would earn a total of 0.00 from holding Transport of or generate 0.0% return on investment in Transportof India over 180 days. Transportof India is related to or competes with Entero Healthcare, Ratnamani Metals, Agarwal Industrial, Bajaj Healthcare, Healthcare Global, LLOYDS METALS, and Shyam Metalics. Transportof India is entity of India. It is traded as Stock on NSE exchange. More
Transportof India 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 Transportof India'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 Transport of upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.01 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 13.03 | |||
| Value At Risk | (3.32) | |||
| Potential Upside | 3.62 |
Transportof India Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Transportof India's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Transportof India's standard deviation. In reality, there are many statistical measures that can use Transportof India historical prices to predict the future Transportof India's volatility.| Risk Adjusted Performance | 0.0108 | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.34) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.0042 |
Transportof India Backtested Returns
At this point, Transportof India is very steady. Transportof India owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0021, which indicates the firm had a 0.0021% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Transport of, which you can use to evaluate the volatility of the company. Please validate Transportof India's Semi Deviation of 1.92, coefficient of variation of 18309.31, and Risk Adjusted Performance of 0.0108 to confirm if the risk estimate we provide is consistent with the expected return of 0.0049%. The entity has a beta of 0.6, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Transportof India's returns are expected to increase less than the market. However, during the bear market, the loss of holding Transportof India is expected to be smaller as well. Transportof India right now has a risk of 2.36%. Please validate Transportof India maximum drawdown, skewness, and the relationship between the total risk alpha and downside variance , to decide if Transportof India will be following its existing price patterns.
Auto-correlation | 0.24 |
Weak predictability
Transport of has weak predictability. Overlapping area represents the amount of predictability between Transportof India time series from 1st of June 2024 to 30th of August 2024 and 30th of August 2024 to 28th of November 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 Transportof India price movement. The serial correlation of 0.24 indicates that over 24.0% of current Transportof India price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 2452.76 |
Transportof India lagged returns against current returns
Autocorrelation, which is Transportof India 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 Transportof India's stock expected returns. We can calculate the autocorrelation of Transportof India returns to help us make a trade decision. For example, suppose you find that Transportof India 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 |
Transportof India 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 Transportof India stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Transportof India stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Transportof India stock over time.
Current vs Lagged Prices |
| Timeline |
Transportof India Lagged Returns
When evaluating Transportof India's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Transportof India stock have on its future price. Transportof India 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, Transportof India autocorrelation shows the relationship between Transportof India stock current value and its past values and can show if there is a momentum factor associated with investing in Transport of.
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 Transportof Stock
Transportof India financial ratios help investors to determine whether Transportof 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 Transportof with respect to the benefits of owning Transportof India security.