Arvind Fashions (India) Market Value
| ARVINDFASN | 521.45 1.30 0.25% |
| Symbol | Arvind |
Arvind Fashions '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 Arvind Fashions' 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 Arvind Fashions.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in Arvind Fashions on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Arvind Fashions Limited or generate 0.0% return on investment in Arvind Fashions over 30 days. Arvind Fashions is related to or competes with KIOCL, Spentex Industries, Punjab Sind, ITI, and Raj Rayon. Arvind Fashions is entity of India. It is traded as Stock on NSE exchange. More
Arvind Fashions 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 Arvind Fashions' 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 Arvind Fashions Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 9.1 | |||
| Value At Risk | (2.84) | |||
| Potential Upside | 2.56 |
Arvind Fashions Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Arvind Fashions' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Arvind Fashions' standard deviation. In reality, there are many statistical measures that can use Arvind Fashions historical prices to predict the future Arvind Fashions' volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.36) | |||
| Treynor Ratio | (0.47) |
Arvind Fashions Backtested Returns
Arvind Fashions secures Sharpe Ratio (or Efficiency) of -0.11, which signifies that the company had a -0.11% return per unit of risk over the last 3 months. Arvind Fashions Limited exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Arvind Fashions' Standard Deviation of 1.67, mean deviation of 1.22, and Risk Adjusted Performance of (0.06) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.32, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Arvind Fashions' returns are expected to increase less than the market. However, during the bear market, the loss of holding Arvind Fashions is expected to be smaller as well. At this point, Arvind Fashions has a negative expected return of -0.18%. Please make sure to confirm Arvind Fashions' total risk alpha, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if Arvind Fashions performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.91 |
Near perfect reversele predictability
Arvind Fashions Limited has near perfect reversele predictability. Overlapping area represents the amount of predictability between Arvind Fashions time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 Arvind Fashions price movement. The serial correlation of -0.91 indicates that approximately 91.0% of current Arvind Fashions price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.91 | |
| Spearman Rank Test | -0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 269.02 |
Arvind Fashions lagged returns against current returns
Autocorrelation, which is Arvind Fashions 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 Arvind Fashions' stock expected returns. We can calculate the autocorrelation of Arvind Fashions returns to help us make a trade decision. For example, suppose you find that Arvind Fashions 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 |
Arvind Fashions 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 Arvind Fashions stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Arvind Fashions stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Arvind Fashions stock over time.
Current vs Lagged Prices |
| Timeline |
Arvind Fashions Lagged Returns
When evaluating Arvind Fashions' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Arvind Fashions stock have on its future price. Arvind Fashions 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, Arvind Fashions autocorrelation shows the relationship between Arvind Fashions stock current value and its past values and can show if there is a momentum factor associated with investing in Arvind Fashions 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 Arvind Stock
Arvind Fashions financial ratios help investors to determine whether Arvind 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 Arvind with respect to the benefits of owning Arvind Fashions security.