Action Construction (India) Market Value
| ACE Stock | 1,354 45.90 3.51% |
| Symbol | Action |
Action Construction '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 Action Construction'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 Action Construction.
| 12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in Action Construction on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding Action Construction Equipment or generate 0.0% return on investment in Action Construction over 360 days. Action Construction is related to or competes with Bodhi Tree, Apollo Sindoori, Bombay Burmah, Samhi Hotels, Taj GVK, Lemon Tree, and SBI Life. Action Construction is entity of India. It is traded as Stock on NSE exchange. More
Action Construction 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 Action Construction'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 Action Construction Equipment upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.46 | |||
| Information Ratio | 0.0063 | |||
| Maximum Drawdown | 15.77 | |||
| Value At Risk | (3.60) | |||
| Potential Upside | 5.47 |
Action Construction Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Action Construction's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Action Construction's standard deviation. In reality, there are many statistical measures that can use Action Construction historical prices to predict the future Action Construction's volatility.| Risk Adjusted Performance | 0.0457 | |||
| Jensen Alpha | 0.0663 | |||
| Total Risk Alpha | (0.29) | |||
| Sortino Ratio | 0.0072 | |||
| Treynor Ratio | 0.2297 |
Action Construction Backtested Returns
At this point, Action Construction is very steady. Action Construction secures Sharpe Ratio (or Efficiency) of 0.0455, which signifies that the company had a 0.0455% return per unit of risk over the last 3 months. We have found thirty technical indicators for Action Construction Equipment, which you can use to evaluate the volatility of the firm. Please confirm Action Construction's Downside Deviation of 2.46, mean deviation of 2.09, and Risk Adjusted Performance of 0.0457 to double-check if the risk estimate we provide is consistent with the expected return of 0.13%. Action Construction has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.57, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Action Construction's returns are expected to increase less than the market. However, during the bear market, the loss of holding Action Construction is expected to be smaller as well. Action Construction right now shows a risk of 2.86%. Please confirm Action Construction potential upside, skewness, and the relationship between the maximum drawdown and semi variance , to decide if Action Construction will be following its price patterns.
Auto-correlation | -0.57 |
Good reverse predictability
Action Construction Equipment has good reverse predictability. Overlapping area represents the amount of predictability between Action Construction time series from 9th of December 2023 to 6th of June 2024 and 6th of June 2024 to 3rd 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 Action Construction price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current Action Construction price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | -0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 7469.71 |
Action Construction lagged returns against current returns
Autocorrelation, which is Action Construction 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 Action Construction's stock expected returns. We can calculate the autocorrelation of Action Construction returns to help us make a trade decision. For example, suppose you find that Action Construction 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 |
Action Construction 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 Action Construction stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Action Construction stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Action Construction stock over time.
Current vs Lagged Prices |
| Timeline |
Action Construction Lagged Returns
When evaluating Action Construction's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Action Construction stock have on its future price. Action Construction 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, Action Construction autocorrelation shows the relationship between Action Construction stock current value and its past values and can show if there is a momentum factor associated with investing in Action Construction Equipment.
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 Action Stock
Action Construction financial ratios help investors to determine whether Action 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 Action with respect to the benefits of owning Action Construction security.