Vedanta (India) Market Value
| VEDL Stock | 514.35 14.10 2.82% |
| Symbol | Vedanta |
Vedanta '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 Vedanta'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 Vedanta.
| 12/18/2023 |
| 12/12/2024 |
If you would invest 0.00 in Vedanta on December 18, 2023 and sell it all today you would earn a total of 0.00 from holding Vedanta Limited or generate 0.0% return on investment in Vedanta over 360 days. Vedanta is related to or competes with NMDC, Steel Authority, Embassy Office, Gujarat Narmada, Gujarat Alkalies, Indian Metals, and JTL Industries. Vedanta is entity of India. It is traded as Stock on NSE exchange. More
Vedanta 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 Vedanta'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 Vedanta Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.66 | |||
| Information Ratio | 0.0682 | |||
| Maximum Drawdown | 7.96 | |||
| Value At Risk | (2.99) | |||
| Potential Upside | 3.73 |
Vedanta Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vedanta's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vedanta's standard deviation. In reality, there are many statistical measures that can use Vedanta historical prices to predict the future Vedanta's volatility.| Risk Adjusted Performance | 0.103 | |||
| Jensen Alpha | 0.2045 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.0776 | |||
| Treynor Ratio | 0.7158 |
Vedanta Limited Backtested Returns
Vedanta appears to be very steady, given 3 months investment horizon. Vedanta 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 Vedanta Limited, which you can use to evaluate the volatility of the company. Please review Vedanta's Coefficient Of Variation of 746.11, semi deviation of 1.45, and Risk Adjusted Performance of 0.103 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Vedanta holds a performance score of 9. The entity has a beta of 0.34, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Vedanta's returns are expected to increase less than the market. However, during the bear market, the loss of holding Vedanta is expected to be smaller as well. Please check Vedanta's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Vedanta's existing price patterns will revert.
Auto-correlation | 0.47 |
Average predictability
Vedanta Limited has average predictability. Overlapping area represents the amount of predictability between Vedanta time series from 18th of December 2023 to 15th of June 2024 and 15th of June 2024 to 12th 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 Vedanta Limited price movement. The serial correlation of 0.47 indicates that about 47.0% of current Vedanta price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | 0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 773.21 |
Vedanta Limited lagged returns against current returns
Autocorrelation, which is Vedanta 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 Vedanta's stock expected returns. We can calculate the autocorrelation of Vedanta returns to help us make a trade decision. For example, suppose you find that Vedanta 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 |
Vedanta 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 Vedanta stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vedanta stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vedanta stock over time.
Current vs Lagged Prices |
| Timeline |
Vedanta Lagged Returns
When evaluating Vedanta's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vedanta stock have on its future price. Vedanta 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, Vedanta autocorrelation shows the relationship between Vedanta stock current value and its past values and can show if there is a momentum factor associated with investing in Vedanta 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 Vedanta Stock Analysis
When running Vedanta's price analysis, check to measure Vedanta'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 Vedanta is operating at the current time. Most of Vedanta's value examination focuses on studying past and present price action to predict the probability of Vedanta's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Vedanta's price. Additionally, you may evaluate how the addition of Vedanta to your portfolios can decrease your overall portfolio volatility.