Amrutanjan Health (India) Market Value
| AMRUTANJAN | 749.70 9.20 1.24% |
| Symbol | Amrutanjan |
Amrutanjan Health '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 Amrutanjan Health'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 Amrutanjan Health.
| 12/15/2022 |
| 12/04/2024 |
If you would invest 0.00 in Amrutanjan Health on December 15, 2022 and sell it all today you would earn a total of 0.00 from holding Amrutanjan Health Care or generate 0.0% return on investment in Amrutanjan Health over 720 days. Amrutanjan Health is related to or competes with Zenith Steel, Vibhor Steel, Teamlease Services, NMDC Steel, Mangalam Drugs, and Jindal Steel. Amrutanjan Health is entity of India. It is traded as Stock on NSE exchange. More
Amrutanjan Health 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 Amrutanjan Health'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 Amrutanjan Health Care upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 10.97 | |||
| Value At Risk | (2.94) | |||
| Potential Upside | 3.04 |
Amrutanjan Health Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Amrutanjan Health's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Amrutanjan Health's standard deviation. In reality, there are many statistical measures that can use Amrutanjan Health historical prices to predict the future Amrutanjan Health's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.39) | |||
| Treynor Ratio | (0.86) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Amrutanjan Health's 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.
Amrutanjan Health Care Backtested Returns
Amrutanjan Health Care secures Sharpe Ratio (or Efficiency) of -0.0521, which signifies that the company had a -0.0521% return per unit of risk over the last 3 months. Amrutanjan Health Care exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Amrutanjan Health's Risk Adjusted Performance of (0.03), mean deviation of 1.59, and Standard Deviation of 2.03 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.14, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Amrutanjan Health's returns are expected to increase less than the market. However, during the bear market, the loss of holding Amrutanjan Health is expected to be smaller as well. At this point, Amrutanjan Health Care has a negative expected return of -0.11%. Please make sure to confirm Amrutanjan Health's total risk alpha, kurtosis, as well as the relationship between the Kurtosis and market facilitation index , to decide if Amrutanjan Health Care performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.42 |
Modest reverse predictability
Amrutanjan Health Care has modest reverse predictability. Overlapping area represents the amount of predictability between Amrutanjan Health time series from 15th of December 2022 to 10th of December 2023 and 10th of December 2023 to 4th 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 Amrutanjan Health Care price movement. The serial correlation of -0.42 indicates that just about 42.0% of current Amrutanjan Health price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.42 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 5149.63 |
Amrutanjan Health Care lagged returns against current returns
Autocorrelation, which is Amrutanjan Health 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 Amrutanjan Health's stock expected returns. We can calculate the autocorrelation of Amrutanjan Health returns to help us make a trade decision. For example, suppose you find that Amrutanjan Health 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 |
Amrutanjan Health 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 Amrutanjan Health stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Amrutanjan Health stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Amrutanjan Health stock over time.
Current vs Lagged Prices |
| Timeline |
Amrutanjan Health Lagged Returns
When evaluating Amrutanjan Health's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Amrutanjan Health stock have on its future price. Amrutanjan Health 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, Amrutanjan Health autocorrelation shows the relationship between Amrutanjan Health stock current value and its past values and can show if there is a momentum factor associated with investing in Amrutanjan Health Care.
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 Amrutanjan Stock
Amrutanjan Health financial ratios help investors to determine whether Amrutanjan 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 Amrutanjan with respect to the benefits of owning Amrutanjan Health security.