Tips Music (India) Market Value
| TIPSMUSIC | 873.80 11.75 1.33% |
| Symbol | Tips |
Tips Music '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 Tips Music'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 Tips Music.
| 08/31/2024 |
| 11/29/2024 |
If you would invest 0.00 in Tips Music on August 31, 2024 and sell it all today you would earn a total of 0.00 from holding Tips Music Limited or generate 0.0% return on investment in Tips Music over 90 days. Tips Music is related to or competes with Hisar Metal, Royal Orchid, SINCLAIRS HOTELS, Sarthak Metals, Viceroy Hotels, EIH Associated, and Blue Coast. Tips Music is entity of India. It is traded as Stock on NSE exchange. More
Tips Music 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 Tips Music'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 Tips Music Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.37 | |||
| Information Ratio | 0.0491 | |||
| Maximum Drawdown | 12.88 | |||
| Value At Risk | (3.60) | |||
| Potential Upside | 4.49 |
Tips Music Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tips Music's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tips Music's standard deviation. In reality, there are many statistical measures that can use Tips Music historical prices to predict the future Tips Music's volatility.| Risk Adjusted Performance | 0.083 | |||
| Jensen Alpha | 0.2221 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | 0.0517 | |||
| Treynor Ratio | 1.72 |
Tips Music Limited Backtested Returns
Tips Music appears to be very steady, given 3 months investment horizon. Tips Music Limited owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.12, which indicates the firm had a 0.12% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Tips Music Limited, which you can use to evaluate the volatility of the company. Please review Tips Music's Risk Adjusted Performance of 0.083, semi deviation of 2.13, and Coefficient Of Variation of 1007.45 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Tips Music holds a performance score of 9. The entity has a beta of 0.14, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Tips Music's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tips Music is expected to be smaller as well. Please check Tips Music's potential upside, as well as the relationship between the kurtosis and day typical price , to make a quick decision on whether Tips Music's existing price patterns will revert.
Auto-correlation | -0.05 |
Very weak reverse predictability
Tips Music Limited has very weak reverse predictability. Overlapping area represents the amount of predictability between Tips Music time series from 31st of August 2024 to 15th of October 2024 and 15th of October 2024 to 29th 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 Tips Music Limited price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current Tips Music price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 2885.12 |
Tips Music Limited lagged returns against current returns
Autocorrelation, which is Tips Music 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 Tips Music's stock expected returns. We can calculate the autocorrelation of Tips Music returns to help us make a trade decision. For example, suppose you find that Tips Music 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 |
Tips Music 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 Tips Music stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tips Music stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tips Music stock over time.
Current vs Lagged Prices |
| Timeline |
Tips Music Lagged Returns
When evaluating Tips Music's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tips Music stock have on its future price. Tips Music 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, Tips Music autocorrelation shows the relationship between Tips Music stock current value and its past values and can show if there is a momentum factor associated with investing in Tips Music Limited.
Regressed Prices |
| Timeline |
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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.Additional Tools for Tips Stock Analysis
When running Tips Music's price analysis, check to measure Tips Music's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Tips Music is operating at the current time. Most of Tips Music's value examination focuses on studying past and present price action to predict the probability of Tips Music's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tips Music's price. Additionally, you may evaluate how the addition of Tips Music to your portfolios can decrease your overall portfolio volatility.