Azad Engineering's market value is the price at which a share of Azad Engineering trades on a public exchange. It measures the collective expectations of Azad Engineering Limited investors about its performance. Azad Engineering is selling for under 1766.80 as of the 8th of January 2025; that is 3.83 percent decrease since the beginning of the trading day. The stock's lowest day price was 1756.0. With this module, you can estimate the performance of a buy and hold strategy of Azad Engineering Limited and determine expected loss or profit from investing in Azad Engineering over a given investment horizon. Check out Azad Engineering Correlation, Azad Engineering Volatility and Azad Engineering Alpha and Beta module to complement your research on Azad Engineering.
Please note, there is a significant difference between Azad Engineering's value and its price as these two are different measures arrived at by different means. Investors typically determine if Azad Engineering is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Azad Engineering'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.
Azad Engineering '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 Azad Engineering'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 Azad Engineering.
0.00
01/19/2023
No Change 0.00
0.0
In 1 year 11 months and 21 days
01/08/2025
0.00
If you would invest 0.00 in Azad Engineering on January 19, 2023 and sell it all today you would earn a total of 0.00 from holding Azad Engineering Limited or generate 0.0% return on investment in Azad Engineering over 720 days. Azad Engineering is related to or competes with ICICI Securities, Nippon Life, Fortis Healthcare, ICICI Lombard, CEAT, and KEC International. Azad Engineering is entity of India. It is traded as Stock on NSE exchange. More
Azad Engineering 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 Azad Engineering'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 Azad Engineering Limited upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Azad Engineering's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Azad Engineering's standard deviation. In reality, there are many statistical measures that can use Azad Engineering historical prices to predict the future Azad Engineering's volatility.
Azad Engineering appears to be very steady, given 3 months investment horizon. Azad Engineering secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had a 0.11% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Azad Engineering Limited, which you can use to evaluate the volatility of the firm. Please makes use of Azad Engineering's risk adjusted performance of 0.1018, and Mean Deviation of 2.13 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Azad Engineering holds a performance score of 8. The firm shows a Beta (market volatility) of 1.03, which signifies a somewhat significant risk relative to the market. Azad Engineering returns are very sensitive to returns on the market. As the market goes up or down, Azad Engineering is expected to follow. Please check Azad Engineering's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether Azad Engineering's price patterns will revert.
Auto-correlation
0.57
Modest predictability
Azad Engineering Limited has modest predictability. Overlapping area represents the amount of predictability between Azad Engineering time series from 19th of January 2023 to 14th of January 2024 and 14th of January 2024 to 8th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Azad Engineering price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current Azad Engineering price fluctuation can be explain by its past prices.
Correlation Coefficient
0.57
Spearman Rank Test
0.31
Residual Average
0.0
Price Variance
11.9 K
Azad Engineering lagged returns against current returns
Autocorrelation, which is Azad Engineering 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 Azad Engineering's stock expected returns. We can calculate the autocorrelation of Azad Engineering returns to help us make a trade decision. For example, suppose you find that Azad Engineering 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
Azad Engineering 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 Azad Engineering stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Azad Engineering stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Azad Engineering stock over time.
Current vs Lagged Prices
Timeline
Azad Engineering Lagged Returns
When evaluating Azad Engineering's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Azad Engineering stock have on its future price. Azad Engineering 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, Azad Engineering autocorrelation shows the relationship between Azad Engineering stock current value and its past values and can show if there is a momentum factor associated with investing in Azad Engineering Limited.
Regressed Prices
Timeline
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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.
When running Azad Engineering's price analysis, check to measure Azad Engineering's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Azad Engineering is operating at the current time. Most of Azad Engineering's value examination focuses on studying past and present price action to predict the probability of Azad Engineering's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Azad Engineering's price. Additionally, you may evaluate how the addition of Azad Engineering to your portfolios can decrease your overall portfolio volatility.