Bajaj Holdings (India) Market Value
| BAJAJHLDNG | 10,326 106.45 1.04% |
| Symbol | Bajaj |
Bajaj Holdings '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 Bajaj Holdings' 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 Bajaj Holdings.
| 05/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in Bajaj Holdings on May 9, 2023 and sell it all today you would earn a total of 0.00 from holding Bajaj Holdings Investment or generate 0.0% return on investment in Bajaj Holdings over 570 days. Bajaj Holdings is related to or competes with ICICI Securities, Nippon Life, Fortis Healthcare, ICICI Lombard, CEAT, and KEC International. Bajaj Holdings is entity of India. It is traded as Stock on NSE exchange. More
Bajaj Holdings 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 Bajaj Holdings' 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 Bajaj Holdings Investment upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.48 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 8.34 | |||
| Value At Risk | (2.09) | |||
| Potential Upside | 3.24 |
Bajaj Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bajaj Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bajaj Holdings' standard deviation. In reality, there are many statistical measures that can use Bajaj Holdings historical prices to predict the future Bajaj Holdings' volatility.| Risk Adjusted Performance | 0.0433 | |||
| Jensen Alpha | 0.0637 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.9139 |
Bajaj Holdings Investment Backtested Returns
Bajaj Holdings Investment secures Sharpe Ratio (or Efficiency) of -0.0125, which signifies that the company had a -0.0125% return per unit of risk over the last 3 months. Bajaj Holdings Investment exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bajaj Holdings' Mean Deviation of 1.25, downside deviation of 1.48, and Risk Adjusted Performance of 0.0433 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0798, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Bajaj Holdings' returns are expected to increase less than the market. However, during the bear market, the loss of holding Bajaj Holdings is expected to be smaller as well. At this point, Bajaj Holdings Investment has a negative expected return of -0.0202%. Please make sure to confirm Bajaj Holdings' value at risk, kurtosis, and the relationship between the sortino ratio and semi variance , to decide if Bajaj Holdings Investment performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.66 |
Good predictability
Bajaj Holdings Investment has good predictability. Overlapping area represents the amount of predictability between Bajaj Holdings time series from 9th of May 2023 to 18th of February 2024 and 18th of February 2024 to 29th of November 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 Bajaj Holdings Investment price movement. The serial correlation of 0.66 indicates that around 66.0% of current Bajaj Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 1.1 M |
Bajaj Holdings Investment lagged returns against current returns
Autocorrelation, which is Bajaj Holdings 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 Bajaj Holdings' stock expected returns. We can calculate the autocorrelation of Bajaj Holdings returns to help us make a trade decision. For example, suppose you find that Bajaj Holdings 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 |
Bajaj Holdings 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 Bajaj Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bajaj Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bajaj Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
Bajaj Holdings Lagged Returns
When evaluating Bajaj Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bajaj Holdings stock have on its future price. Bajaj Holdings 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, Bajaj Holdings autocorrelation shows the relationship between Bajaj Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in Bajaj Holdings Investment.
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 Bajaj Stock
Bajaj Holdings financial ratios help investors to determine whether Bajaj 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 Bajaj with respect to the benefits of owning Bajaj Holdings security.