Zydus Wellness (India) Market Value
| ZYDUSWELL | 1,991 53.85 2.63% |
| Symbol | Zydus |
Zydus Wellness '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 Zydus Wellness' 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 Zydus Wellness.
| 12/24/2023 |
| 12/18/2024 |
If you would invest 0.00 in Zydus Wellness on December 24, 2023 and sell it all today you would earn a total of 0.00 from holding Zydus Wellness Limited or generate 0.0% return on investment in Zydus Wellness over 360 days. Zydus Wellness is related to or competes with Newgen Software, Som Distilleries, Consolidated Construction, Syrma SGS, Hindustan Construction, Styrenix Performance, and Ravi Kumar. Zydus Wellness is entity of India. It is traded as Stock on NSE exchange. More
Zydus Wellness 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 Zydus Wellness' 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 Zydus Wellness Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 8.85 | |||
| Value At Risk | (2.63) | |||
| Potential Upside | 2.91 |
Zydus Wellness Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zydus Wellness' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zydus Wellness' standard deviation. In reality, there are many statistical measures that can use Zydus Wellness historical prices to predict the future Zydus Wellness' volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | 8.15 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Zydus Wellness' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Zydus Wellness Backtested Returns
Zydus Wellness shows Sharpe Ratio of -0.0255, which attests that the company had a -0.0255% return per unit of risk over the last 3 months. Zydus Wellness exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Zydus Wellness' Market Risk Adjusted Performance of 8.16, mean deviation of 1.39, and Standard Deviation of 1.83 to validate the risk estimate we provide. The firm maintains a market beta of -0.0185, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Zydus Wellness are expected to decrease at a much lower rate. During the bear market, Zydus Wellness is likely to outperform the market. At this point, Zydus Wellness has a negative expected return of -0.0464%. Please make sure to check out Zydus Wellness' standard deviation, potential upside, as well as the relationship between the Potential Upside and day median price , to decide if Zydus Wellness performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.5 |
Modest reverse predictability
Zydus Wellness Limited has modest reverse predictability. Overlapping area represents the amount of predictability between Zydus Wellness time series from 24th of December 2023 to 21st of June 2024 and 21st of June 2024 to 18th 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 Zydus Wellness price movement. The serial correlation of -0.5 indicates that about 50.0% of current Zydus Wellness price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.5 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 27.9 K |
Zydus Wellness lagged returns against current returns
Autocorrelation, which is Zydus Wellness 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 Zydus Wellness' stock expected returns. We can calculate the autocorrelation of Zydus Wellness returns to help us make a trade decision. For example, suppose you find that Zydus Wellness 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 |
Zydus Wellness 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 Zydus Wellness stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zydus Wellness stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zydus Wellness stock over time.
Current vs Lagged Prices |
| Timeline |
Zydus Wellness Lagged Returns
When evaluating Zydus Wellness' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zydus Wellness stock have on its future price. Zydus Wellness 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, Zydus Wellness autocorrelation shows the relationship between Zydus Wellness stock current value and its past values and can show if there is a momentum factor associated with investing in Zydus Wellness Limited.
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 Zydus Stock
Zydus Wellness financial ratios help investors to determine whether Zydus 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 Zydus with respect to the benefits of owning Zydus Wellness security.