Aban Offshore (India) Market Value
| ABAN Stock | 39.97 0.01 0.03% |
| Symbol | Aban |
Aban Offshore '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 Aban Offshore'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 Aban Offshore.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Aban Offshore on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Aban Offshore Limited or generate 0.0% return on investment in Aban Offshore over 90 days. Aban Offshore is related to or competes with Jindal Poly, Cholamandalam Investment, Silly Monks, Welspun Investments, Diligent Media, Mask Investments, and Eros International. Aban Offshore is entity of India. It is traded as Stock on NSE exchange. More
Aban Offshore 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 Aban Offshore'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 Aban Offshore Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.25) | |||
| Maximum Drawdown | 14.47 | |||
| Value At Risk | (5.23) | |||
| Potential Upside | 4.46 |
Aban Offshore Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aban Offshore's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aban Offshore's standard deviation. In reality, there are many statistical measures that can use Aban Offshore historical prices to predict the future Aban Offshore's volatility.| Risk Adjusted Performance | (0.24) | |||
| Jensen Alpha | (0.89) | |||
| Total Risk Alpha | (0.47) | |||
| Treynor Ratio | 1.83 |
Aban Offshore Limited Backtested Returns
Aban Offshore Limited secures Sharpe Ratio (or Efficiency) of -0.26, which signifies that the company had a -0.26 % return per unit of standard deviation over the last 3 months. Aban Offshore Limited exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Aban Offshore's mean deviation of 2.26, and Risk Adjusted Performance of (0.24) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.46, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Aban Offshore are expected to decrease at a much lower rate. During the bear market, Aban Offshore is likely to outperform the market. At this point, Aban Offshore Limited has a negative expected return of -0.8%. Please make sure to confirm Aban Offshore's market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to decide if Aban Offshore Limited performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.32 |
Below average predictability
Aban Offshore Limited has below average predictability. Overlapping area represents the amount of predictability between Aban Offshore time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Aban Offshore Limited price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current Aban Offshore price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 3.77 |
Aban Offshore Limited lagged returns against current returns
Autocorrelation, which is Aban Offshore 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 Aban Offshore's stock expected returns. We can calculate the autocorrelation of Aban Offshore returns to help us make a trade decision. For example, suppose you find that Aban Offshore 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 |
Aban Offshore 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 Aban Offshore stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aban Offshore stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aban Offshore stock over time.
Current vs Lagged Prices |
| Timeline |
Aban Offshore Lagged Returns
When evaluating Aban Offshore's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aban Offshore stock have on its future price. Aban Offshore 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, Aban Offshore autocorrelation shows the relationship between Aban Offshore stock current value and its past values and can show if there is a momentum factor associated with investing in Aban Offshore 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 Aban Stock Analysis
When running Aban Offshore's price analysis, check to measure Aban Offshore'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 Aban Offshore is operating at the current time. Most of Aban Offshore's value examination focuses on studying past and present price action to predict the probability of Aban Offshore's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aban Offshore's price. Additionally, you may evaluate how the addition of Aban Offshore to your portfolios can decrease your overall portfolio volatility.