Cummins India (India) Market Value
| CUMMINSIND | 2,991 11.60 0.39% |
| Symbol | Cummins |
Cummins India '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 Cummins India'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 Cummins India.
| 12/21/2024 |
| 03/21/2025 |
If you would invest 0.00 in Cummins India on December 21, 2024 and sell it all today you would earn a total of 0.00 from holding Cummins India Limited or generate 0.0% return on investment in Cummins India over 90 days. Cummins India is related to or competes with Tube Investments, Paramount Communications, BF Investment, Uniinfo Telecom, and Elin Electronics. Cummins India is entity of India. It is traded as Stock on NSE exchange. More
Cummins India 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 Cummins India'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 Cummins India Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 11.31 | |||
| Value At Risk | (3.51) | |||
| Potential Upside | 3.99 |
Cummins India Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cummins India's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cummins India's standard deviation. In reality, there are many statistical measures that can use Cummins India historical prices to predict the future Cummins India's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.05) | |||
| Treynor Ratio | (0.42) |
Cummins India Limited Backtested Returns
Cummins India Limited secures Sharpe Ratio (or Efficiency) of -0.0707, which signifies that the company had a -0.0707 % return per unit of risk over the last 3 months. Cummins India Limited exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cummins India's Mean Deviation of 1.7, risk adjusted performance of (0.09), and Standard Deviation of 2.31 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.59, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Cummins India's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cummins India is expected to be smaller as well. At this point, Cummins India Limited has a negative expected return of -0.16%. Please make sure to confirm Cummins India's kurtosis, and the relationship between the maximum drawdown and day median price , to decide if Cummins India Limited performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.19 |
Insignificant reverse predictability
Cummins India Limited has insignificant reverse predictability. Overlapping area represents the amount of predictability between Cummins India time series from 21st of December 2024 to 4th of February 2025 and 4th of February 2025 to 21st 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 Cummins India Limited price movement. The serial correlation of -0.19 indicates that over 19.0% of current Cummins India price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 6264.08 |
Cummins India Limited lagged returns against current returns
Autocorrelation, which is Cummins India 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 Cummins India's stock expected returns. We can calculate the autocorrelation of Cummins India returns to help us make a trade decision. For example, suppose you find that Cummins India 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 |
Cummins India 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 Cummins India stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cummins India stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cummins India stock over time.
Current vs Lagged Prices |
| Timeline |
Cummins India Lagged Returns
When evaluating Cummins India's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cummins India stock have on its future price. Cummins India 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, Cummins India autocorrelation shows the relationship between Cummins India stock current value and its past values and can show if there is a momentum factor associated with investing in Cummins India 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.Additional Tools for Cummins Stock Analysis
When running Cummins India's price analysis, check to measure Cummins India's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cummins India is operating at the current time. Most of Cummins India's value examination focuses on studying past and present price action to predict the probability of Cummins India's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cummins India's price. Additionally, you may evaluate how the addition of Cummins India to your portfolios can decrease your overall portfolio volatility.