Indus Gas (Germany) Market Value
| 59Q Stock | EUR 0.06 0.03 34.48% |
| Symbol | Indus |
Indus Gas '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 Indus Gas' 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 Indus Gas.
| 09/09/2023 |
| 12/02/2024 |
If you would invest 0.00 in Indus Gas on September 9, 2023 and sell it all today you would earn a total of 0.00 from holding Indus Gas or generate 0.0% return on investment in Indus Gas over 450 days. Indus Gas is related to or competes with DELTA AIR, Algonquin Power, Hyster-Yale Materials, Martin Marietta, Corsair Gaming, Goodyear Tire, and WIZZ AIR. Indus Gas Limited, together with its subsidiaries, operates as an oil and gas exploration and development company in Asi... More
Indus Gas 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 Indus Gas' 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 Indus Gas upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 31.24 | |||
| Information Ratio | 0.2002 | |||
| Maximum Drawdown | 367.78 | |||
| Value At Risk | (61.25) | |||
| Potential Upside | 189.66 |
Indus Gas Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Indus Gas' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Indus Gas' standard deviation. In reality, there are many statistical measures that can use Indus Gas historical prices to predict the future Indus Gas' volatility.| Risk Adjusted Performance | 0.1645 | |||
| Jensen Alpha | 14.53 | |||
| Total Risk Alpha | 2.4 | |||
| Sortino Ratio | 0.4373 | |||
| Treynor Ratio | (2.37) |
Indus Gas Backtested Returns
Indus Gas is out of control given 3 months investment horizon. Indus Gas holds Efficiency (Sharpe) Ratio of 0.17, which attests that the entity had a 0.17% return per unit of risk over the last 3 months. We were able to interpolate twenty-nine different technical indicators, which can help you to evaluate if expected returns of 10.1% are justified by taking the suggested risk. Use Indus Gas Market Risk Adjusted Performance of (2.36), risk adjusted performance of 0.1645, and Downside Deviation of 31.24 to evaluate company specific risk that cannot be diversified away. Indus Gas holds a performance score of 13 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of -5.83, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Indus Gas are expected to decrease by larger amounts. On the other hand, during market turmoil, Indus Gas is expected to outperform it. Use Indus Gas semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to analyze future returns on Indus Gas.
Auto-correlation | 0.16 |
Very weak predictability
Indus Gas has very weak predictability. Overlapping area represents the amount of predictability between Indus Gas time series from 9th of September 2023 to 21st of April 2024 and 21st of April 2024 to 2nd 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 Indus Gas price movement. The serial correlation of 0.16 indicates that over 16.0% of current Indus Gas price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Indus Gas lagged returns against current returns
Autocorrelation, which is Indus Gas 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 Indus Gas' stock expected returns. We can calculate the autocorrelation of Indus Gas returns to help us make a trade decision. For example, suppose you find that Indus Gas 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 |
Indus Gas 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 Indus Gas stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Indus Gas stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Indus Gas stock over time.
Current vs Lagged Prices |
| Timeline |
Indus Gas Lagged Returns
When evaluating Indus Gas' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Indus Gas stock have on its future price. Indus Gas 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, Indus Gas autocorrelation shows the relationship between Indus Gas stock current value and its past values and can show if there is a momentum factor associated with investing in Indus Gas.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Indus Stock
Indus Gas financial ratios help investors to determine whether Indus 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 Indus with respect to the benefits of owning Indus Gas security.