Cartrade Tech (India) Market Value
| CARTRADE | 1,598 39.45 2.53% |
| Symbol | Cartrade |
Cartrade Tech '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 Cartrade Tech'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 Cartrade Tech.
| 12/18/2024 |
| 03/18/2025 |
If you would invest 0.00 in Cartrade Tech on December 18, 2024 and sell it all today you would earn a total of 0.00 from holding Cartrade Tech Limited or generate 0.0% return on investment in Cartrade Tech over 90 days. Cartrade Tech is related to or competes with Dhunseri Investments, Reliance Communications, Mangalam Drugs, Jindal Poly, BF Investment, Aarti Drugs, and United Drilling. Cartrade Tech is entity of India. It is traded as Stock on NSE exchange. More
Cartrade Tech 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 Cartrade Tech'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 Cartrade Tech Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.39 | |||
| Information Ratio | 0.063 | |||
| Maximum Drawdown | 17.84 | |||
| Value At Risk | (5.17) | |||
| Potential Upside | 5.6 |
Cartrade Tech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cartrade Tech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cartrade Tech's standard deviation. In reality, there are many statistical measures that can use Cartrade Tech historical prices to predict the future Cartrade Tech's volatility.| Risk Adjusted Performance | 0.0388 | |||
| Jensen Alpha | 0.1179 | |||
| Total Risk Alpha | 0.5764 | |||
| Sortino Ratio | 0.0677 | |||
| Treynor Ratio | (5.42) |
Cartrade Tech Limited Backtested Returns
At this point, Cartrade Tech is very steady. Cartrade Tech Limited secures Sharpe Ratio (or Efficiency) of 0.0489, which signifies that the company had a 0.0489 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Cartrade Tech Limited, which you can use to evaluate the volatility of the firm. Please confirm Cartrade Tech's Mean Deviation of 2.81, downside deviation of 3.39, and Risk Adjusted Performance of 0.0388 to double-check if the risk estimate we provide is consistent with the expected return of 0.18%. Cartrade Tech has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0222, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Cartrade Tech are expected to decrease at a much lower rate. During the bear market, Cartrade Tech is likely to outperform the market. Cartrade Tech Limited right now shows a risk of 3.74%. Please confirm Cartrade Tech Limited value at risk, as well as the relationship between the kurtosis and market facilitation index , to decide if Cartrade Tech Limited will be following its price patterns.
Auto-correlation | 0.31 |
Below average predictability
Cartrade Tech Limited has below average predictability. Overlapping area represents the amount of predictability between Cartrade Tech time series from 18th of December 2024 to 1st of February 2025 and 1st of February 2025 to 18th of March 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 Cartrade Tech Limited price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current Cartrade Tech price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 6273.27 |
Cartrade Tech Limited lagged returns against current returns
Autocorrelation, which is Cartrade Tech 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 Cartrade Tech's stock expected returns. We can calculate the autocorrelation of Cartrade Tech returns to help us make a trade decision. For example, suppose you find that Cartrade Tech 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 |
Cartrade Tech 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 Cartrade Tech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cartrade Tech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cartrade Tech stock over time.
Current vs Lagged Prices |
| Timeline |
Cartrade Tech Lagged Returns
When evaluating Cartrade Tech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cartrade Tech stock have on its future price. Cartrade Tech 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, Cartrade Tech autocorrelation shows the relationship between Cartrade Tech stock current value and its past values and can show if there is a momentum factor associated with investing in Cartrade Tech 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 Cartrade Stock
Cartrade Tech financial ratios help investors to determine whether Cartrade 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 Cartrade with respect to the benefits of owning Cartrade Tech security.