CREDITACCESS GRAMEEN's market value is the price at which a share of CREDITACCESS GRAMEEN trades on a public exchange. It measures the collective expectations of CREDITACCESS GRAMEEN LIMITED investors about its performance. CREDITACCESS GRAMEEN is trading at 999.55 as of the 9th of January 2025, a 2.87 percent decrease since the beginning of the trading day. The stock's open price was 1029.1. With this module, you can estimate the performance of a buy and hold strategy of CREDITACCESS GRAMEEN LIMITED and determine expected loss or profit from investing in CREDITACCESS GRAMEEN over a given investment horizon. Check out CREDITACCESS GRAMEEN Correlation, CREDITACCESS GRAMEEN Volatility and CREDITACCESS GRAMEEN Alpha and Beta module to complement your research on CREDITACCESS GRAMEEN.
Please note, there is a significant difference between CREDITACCESS GRAMEEN's value and its price as these two are different measures arrived at by different means. Investors typically determine if CREDITACCESS GRAMEEN is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CREDITACCESS GRAMEEN'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.
CREDITACCESS GRAMEEN '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 CREDITACCESS GRAMEEN'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 CREDITACCESS GRAMEEN.
0.00
12/10/2024
No Change 0.00
0.0
In 31 days
01/09/2025
0.00
If you would invest 0.00 in CREDITACCESS GRAMEEN on December 10, 2024 and sell it all today you would earn a total of 0.00 from holding CREDITACCESS GRAMEEN LIMITED or generate 0.0% return on investment in CREDITACCESS GRAMEEN over 30 days. CREDITACCESS GRAMEEN is related to or competes with Vraj Iron, Kalyani Steels, HDFC Asset, STEEL EXCHANGE, Kalyani Investment, and SAL Steel. CREDITACCESS GRAMEEN is entity of India. It is traded as Stock on NSE exchange. More
CREDITACCESS GRAMEEN 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 CREDITACCESS GRAMEEN'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 CREDITACCESS GRAMEEN 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 CREDITACCESS GRAMEEN's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CREDITACCESS GRAMEEN's standard deviation. In reality, there are many statistical measures that can use CREDITACCESS GRAMEEN historical prices to predict the future CREDITACCESS GRAMEEN's volatility.
CREDITACCESS GRAMEEN secures Sharpe Ratio (or Efficiency) of -0.0207, which signifies that the company had a -0.0207% return per unit of risk over the last 3 months. CREDITACCESS GRAMEEN LIMITED exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CREDITACCESS GRAMEEN's Mean Deviation of 2.1, standard deviation of 3.18, and Risk Adjusted Performance of (0.02) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.36, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning CREDITACCESS GRAMEEN are expected to decrease at a much lower rate. During the bear market, CREDITACCESS GRAMEEN is likely to outperform the market. At this point, CREDITACCESS GRAMEEN has a negative expected return of -0.0672%. Please make sure to confirm CREDITACCESS GRAMEEN's potential upside, day median price, and the relationship between the treynor ratio and accumulation distribution , to decide if CREDITACCESS GRAMEEN performance from the past will be repeated in the future.
Auto-correlation
-0.82
Excellent reverse predictability
CREDITACCESS GRAMEEN LIMITED has excellent reverse predictability. Overlapping area represents the amount of predictability between CREDITACCESS GRAMEEN time series from 10th of December 2024 to 25th of December 2024 and 25th of December 2024 to 9th 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 CREDITACCESS GRAMEEN price movement. The serial correlation of -0.82 indicates that around 82.0% of current CREDITACCESS GRAMEEN price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.82
Spearman Rank Test
-0.88
Residual Average
0.0
Price Variance
3471.2
CREDITACCESS GRAMEEN lagged returns against current returns
Autocorrelation, which is CREDITACCESS GRAMEEN 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 CREDITACCESS GRAMEEN's stock expected returns. We can calculate the autocorrelation of CREDITACCESS GRAMEEN returns to help us make a trade decision. For example, suppose you find that CREDITACCESS GRAMEEN 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
CREDITACCESS GRAMEEN 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 CREDITACCESS GRAMEEN stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CREDITACCESS GRAMEEN stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CREDITACCESS GRAMEEN stock over time.
Current vs Lagged Prices
Timeline
CREDITACCESS GRAMEEN Lagged Returns
When evaluating CREDITACCESS GRAMEEN's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CREDITACCESS GRAMEEN stock have on its future price. CREDITACCESS GRAMEEN 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, CREDITACCESS GRAMEEN autocorrelation shows the relationship between CREDITACCESS GRAMEEN stock current value and its past values and can show if there is a momentum factor associated with investing in CREDITACCESS GRAMEEN 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 CREDITACCESS Stock
CREDITACCESS GRAMEEN financial ratios help investors to determine whether CREDITACCESS 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 CREDITACCESS with respect to the benefits of owning CREDITACCESS GRAMEEN security.