Bajaj Finance (India) Market Value
| BAJFINANCE | 6,576 66.50 1.02% |
| Symbol | Bajaj |
Bajaj Finance '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 Finance'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 Bajaj Finance.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Bajaj Finance on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Bajaj Finance Limited or generate 0.0% return on investment in Bajaj Finance over 720 days. Bajaj Finance is related to or competes with NMDC Steel, Univa Foods, ADF Foods, Vraj Iron, Sapphire Foods, Mrs Bectors, and Jindal Steel. Bajaj Finance is entity of India. It is traded as Stock on NSE exchange. More
Bajaj Finance 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 Finance'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 Bajaj Finance Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 7.68 | |||
| Value At Risk | (2.92) | |||
| Potential Upside | 3.33 |
Bajaj Finance Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bajaj Finance's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bajaj Finance's standard deviation. In reality, there are many statistical measures that can use Bajaj Finance historical prices to predict the future Bajaj Finance's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.35) | |||
| Treynor Ratio | (0.15) |
Bajaj Finance Limited Backtested Returns
Bajaj Finance Limited 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. Bajaj Finance Limited exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bajaj Finance's Mean Deviation of 1.26, risk adjusted performance of (0.02), and Standard Deviation of 1.66 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.45, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Bajaj Finance's returns are expected to increase less than the market. However, during the bear market, the loss of holding Bajaj Finance is expected to be smaller as well. At this point, Bajaj Finance Limited has a negative expected return of -0.18%. Please make sure to confirm Bajaj Finance's total risk alpha, kurtosis, market facilitation index, as well as the relationship between the value at risk and rate of daily change , to decide if Bajaj Finance Limited performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.17 |
Very weak predictability
Bajaj Finance Limited has very weak predictability. Overlapping area represents the amount of predictability between Bajaj Finance time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st 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 Bajaj Finance Limited price movement. The serial correlation of 0.17 indicates that over 17.0% of current Bajaj Finance price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 120 K |
Bajaj Finance Limited lagged returns against current returns
Autocorrelation, which is Bajaj Finance 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 Finance's stock expected returns. We can calculate the autocorrelation of Bajaj Finance returns to help us make a trade decision. For example, suppose you find that Bajaj Finance 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 Finance 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 Finance stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bajaj Finance stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bajaj Finance stock over time.
Current vs Lagged Prices |
| Timeline |
Bajaj Finance Lagged Returns
When evaluating Bajaj Finance's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bajaj Finance stock have on its future price. Bajaj Finance 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 Finance autocorrelation shows the relationship between Bajaj Finance stock current value and its past values and can show if there is a momentum factor associated with investing in Bajaj Finance 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 Bajaj Stock
Bajaj Finance 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 Finance security.