Axita Cotton (India) Market Value

AXITA Stock   11.21  0.10  0.88%   
Axita Cotton's market value is the price at which a share of Axita Cotton trades on a public exchange. It measures the collective expectations of Axita Cotton Limited investors about its performance. Axita Cotton is selling at 11.21 as of the 25th of December 2024; that is 0.88 percent decrease since the beginning of the trading day. The stock's open price was 11.31.
With this module, you can estimate the performance of a buy and hold strategy of Axita Cotton Limited and determine expected loss or profit from investing in Axita Cotton over a given investment horizon. Check out Axita Cotton Correlation, Axita Cotton Volatility and Axita Cotton Alpha and Beta module to complement your research on Axita Cotton.
Symbol

Please note, there is a significant difference between Axita Cotton's value and its price as these two are different measures arrived at by different means. Investors typically determine if Axita Cotton is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Axita Cotton's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Axita Cotton '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 Axita Cotton'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 Axita Cotton.
0.00
11/25/2024
No Change 0.00  0.0 
In 30 days
12/25/2024
0.00
If you would invest  0.00  in Axita Cotton on November 25, 2024 and sell it all today you would earn a total of 0.00 from holding Axita Cotton Limited or generate 0.0% return on investment in Axita Cotton over 30 days. Axita Cotton is related to or competes with Reliance Industries, HDFC Bank, Kingfa Science, Rico Auto, GACM Technologies, COSMO FIRST, and Delta Manufacturing. Axita Cotton is entity of India. It is traded as Stock on NSE exchange. More

Axita Cotton 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 Axita Cotton'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 Axita Cotton Limited upside and downside potential and time the market with a certain degree of confidence.

Axita Cotton Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Axita Cotton's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Axita Cotton's standard deviation. In reality, there are many statistical measures that can use Axita Cotton historical prices to predict the future Axita Cotton's volatility.
Hype
Prediction
LowEstimatedHigh
9.9111.2512.59
Details
Intrinsic
Valuation
LowRealHigh
7.859.1912.33
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Axita Cotton. Your research has to be compared to or analyzed against Axita Cotton's peers to derive any actionable benefits. When done correctly, Axita Cotton's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Axita Cotton Limited.

Axita Cotton Limited Backtested Returns

Axita Cotton Limited secures Sharpe Ratio (or Efficiency) of -0.47, which signifies that the company had a -0.47% return per unit of risk over the last 3 months. Axita Cotton Limited exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Axita Cotton's Mean Deviation of 0.8231, standard deviation of 1.31, and Risk Adjusted Performance of (0.39) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0671, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Axita Cotton's returns are expected to increase less than the market. However, during the bear market, the loss of holding Axita Cotton is expected to be smaller as well. At this point, Axita Cotton Limited has a negative expected return of -0.62%. Please make sure to confirm Axita Cotton's skewness, and the relationship between the total risk alpha and rate of daily change , to decide if Axita Cotton Limited performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.21  

Weak predictability

Axita Cotton Limited has weak predictability. Overlapping area represents the amount of predictability between Axita Cotton time series from 25th of November 2024 to 10th of December 2024 and 10th of December 2024 to 25th 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 Axita Cotton Limited price movement. The serial correlation of 0.21 indicates that over 21.0% of current Axita Cotton price fluctuation can be explain by its past prices.
Correlation Coefficient0.21
Spearman Rank Test0.15
Residual Average0.0
Price Variance0.06

Axita Cotton Limited lagged returns against current returns

Autocorrelation, which is Axita Cotton 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 Axita Cotton's stock expected returns. We can calculate the autocorrelation of Axita Cotton returns to help us make a trade decision. For example, suppose you find that Axita Cotton 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  

Axita Cotton 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 Axita Cotton stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Axita Cotton stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Axita Cotton stock over time.
   Current vs Lagged Prices   
       Timeline  

Axita Cotton Lagged Returns

When evaluating Axita Cotton's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Axita Cotton stock have on its future price. Axita Cotton 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, Axita Cotton autocorrelation shows the relationship between Axita Cotton stock current value and its past values and can show if there is a momentum factor associated with investing in Axita Cotton 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 Axita Stock

Axita Cotton financial ratios help investors to determine whether Axita 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 Axita with respect to the benefits of owning Axita Cotton security.