ABB India (India) Market Value
| ABB Stock | 7,421 8.25 0.11% |
| Symbol | ABB |
ABB India '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 ABB India'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 ABB India.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in ABB India on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding ABB India Limited or generate 0.0% return on investment in ABB India over 540 days. ABB India is related to or competes with HDFC Asset, Rainbow Childrens, Avonmore Capital, Industrial Investment, Associated Alcohols, Som Distilleries, and Ravi Kumar. ABB India is entity of India. It is traded as Stock on NSE exchange. More
ABB India 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 ABB India'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 ABB India Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 10.72 | |||
| Value At Risk | (3.14) | |||
| Potential Upside | 3.06 |
ABB India Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ABB India's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ABB India's standard deviation. In reality, there are many statistical measures that can use ABB India historical prices to predict the future ABB India's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.39) | |||
| Treynor Ratio | (0.55) |
ABB India Limited Backtested Returns
ABB India Limited retains Efficiency (Sharpe Ratio) of -0.021, which signifies that the company had a -0.021% return per unit of risk over the last 3 months. ABB India exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ABB India's market risk adjusted performance of (0.54), and Variance of 4.43 to double-check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 0.13, which signifies not very significant fluctuations relative to the market. As returns on the market increase, ABB India's returns are expected to increase less than the market. However, during the bear market, the loss of holding ABB India is expected to be smaller as well. At this point, ABB India Limited has a negative expected return of -0.0448%. Please make sure to confirm ABB India's total risk alpha, potential upside, and the relationship between the standard deviation and maximum drawdown , to decide if ABB India Limited performance from the past will be repeated at some future date.
Auto-correlation | 0.02 |
Virtually no predictability
ABB India Limited has virtually no predictability. Overlapping area represents the amount of predictability between ABB India time series from 8th of June 2023 to 4th of March 2024 and 4th of March 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 ABB India Limited price movement. The serial correlation of 0.02 indicates that only 2.0% of current ABB India price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.02 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 740.5 K |
ABB India Limited lagged returns against current returns
Autocorrelation, which is ABB India 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 ABB India's stock expected returns. We can calculate the autocorrelation of ABB India returns to help us make a trade decision. For example, suppose you find that ABB India 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 |
ABB India 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 ABB India stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ABB India stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ABB India stock over time.
Current vs Lagged Prices |
| Timeline |
ABB India Lagged Returns
When evaluating ABB India's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ABB India stock have on its future price. ABB India 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, ABB India autocorrelation shows the relationship between ABB India stock current value and its past values and can show if there is a momentum factor associated with investing in ABB India 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 ABB Stock
ABB India financial ratios help investors to determine whether ABB 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 ABB with respect to the benefits of owning ABB India security.