Compucom Software (India) Market Value
| COMPUSOFT | 28.39 0.37 1.29% |
| Symbol | Compucom |
Compucom Software '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 Compucom Software'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 Compucom Software.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Compucom Software on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Compucom Software Limited or generate 0.0% return on investment in Compucom Software over 30 days. Compucom Software is related to or competes with Kingfa Science, GTL, Indo Amines, Delta Manufacturing, EID Parry, Lakshmi Precision, and Parag Milk. Compucom Software is entity of India. It is traded as Stock on NSE exchange. More
Compucom Software 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 Compucom Software'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 Compucom Software Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 18.71 | |||
| Value At Risk | (5.75) | |||
| Potential Upside | 6.07 |
Compucom Software Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Compucom Software's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Compucom Software's standard deviation. In reality, there are many statistical measures that can use Compucom Software historical prices to predict the future Compucom Software's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.31) | |||
| Total Risk Alpha | (0.69) | |||
| Treynor Ratio | (0.12) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Compucom Software's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Compucom Software Backtested Returns
Compucom Software secures Sharpe Ratio (or Efficiency) of -0.0195, which signifies that the company had a -0.0195% return per unit of risk over the last 3 months. Compucom Software Limited exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Compucom Software's Standard Deviation of 3.5, risk adjusted performance of (0.03), and Mean Deviation of 2.65 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.3, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Compucom Software will likely underperform. At this point, Compucom Software has a negative expected return of -0.0702%. Please make sure to confirm Compucom Software's standard deviation, potential upside, as well as the relationship between the Potential Upside and day median price , to decide if Compucom Software performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.56 |
Modest predictability
Compucom Software Limited has modest predictability. Overlapping area represents the amount of predictability between Compucom Software time series from 30th of October 2024 to 14th of November 2024 and 14th of November 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 Compucom Software price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current Compucom Software price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.19 |
Compucom Software lagged returns against current returns
Autocorrelation, which is Compucom Software 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 Compucom Software's stock expected returns. We can calculate the autocorrelation of Compucom Software returns to help us make a trade decision. For example, suppose you find that Compucom Software 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 |
Compucom Software 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 Compucom Software stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Compucom Software stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Compucom Software stock over time.
Current vs Lagged Prices |
| Timeline |
Compucom Software Lagged Returns
When evaluating Compucom Software's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Compucom Software stock have on its future price. Compucom Software 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, Compucom Software autocorrelation shows the relationship between Compucom Software stock current value and its past values and can show if there is a momentum factor associated with investing in Compucom Software 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 Compucom Stock
Compucom Software financial ratios help investors to determine whether Compucom 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 Compucom with respect to the benefits of owning Compucom Software security.