Easy Trip (India) Market Value
| EASEMYTRIP | 17.27 0.72 4.00% |
| Symbol | Easy |
Easy Trip '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 Easy Trip'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 Easy Trip.
| 09/04/2024 |
| 12/03/2024 |
If you would invest 0.00 in Easy Trip on September 4, 2024 and sell it all today you would earn a total of 0.00 from holding Easy Trip Planners or generate 0.0% return on investment in Easy Trip over 90 days. Easy Trip is related to or competes with Hisar Metal, Dev Information, Hathway Cable, Newgen Software, Shivalik Bimetal, Sarthak Metals, and R S. Easy Trip is entity of India. It is traded as Stock on NSE exchange. More
Easy Trip 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 Easy Trip'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 Easy Trip Planners upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 16.38 | |||
| Information Ratio | 0.1231 | |||
| Maximum Drawdown | 6631299.73 | |||
| Value At Risk | (4.81) | |||
| Potential Upside | 8.51 |
Easy Trip Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Easy Trip's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Easy Trip's standard deviation. In reality, there are many statistical measures that can use Easy Trip historical prices to predict the future Easy Trip's volatility.| Risk Adjusted Performance | 0.104 | |||
| Jensen Alpha | 108507.4 | |||
| Total Risk Alpha | (21,621) | |||
| Sortino Ratio | 6133.95 | |||
| Treynor Ratio | (1.43) |
Easy Trip Planners Backtested Returns
Easy Trip is out of control given 3 months investment horizon. Easy Trip Planners secures Sharpe Ratio (or Efficiency) of 0.11, which denotes the company had a 0.11% return per unit of risk over the last 3 months. We were able to interpolate data for twenty-eight different technical indicators, which can help you to evaluate if expected returns of 14.21% are justified by taking the suggested risk. Use Easy Trip Coefficient Of Variation of 812.42, mean deviation of 197900.87, and Standard Deviation of 816244.46 to evaluate company specific risk that cannot be diversified away. Easy Trip holds a performance score of 8 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -70318.31, which means a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Easy Trip are expected to decrease by larger amounts. On the other hand, during market turmoil, Easy Trip is expected to outperform it. Use Easy Trip expected short fall, and the relationship between the value at risk and daily balance of power , to analyze future returns on Easy Trip.
Auto-correlation | -0.19 |
Insignificant reverse predictability
Easy Trip Planners has insignificant reverse predictability. Overlapping area represents the amount of predictability between Easy Trip time series from 4th of September 2024 to 19th of October 2024 and 19th of October 2024 to 3rd 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 Easy Trip Planners price movement. The serial correlation of -0.19 indicates that over 19.0% of current Easy Trip price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | -0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 31.2 B |
Easy Trip Planners lagged returns against current returns
Autocorrelation, which is Easy Trip 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 Easy Trip's stock expected returns. We can calculate the autocorrelation of Easy Trip returns to help us make a trade decision. For example, suppose you find that Easy Trip 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 |
Easy Trip 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 Easy Trip stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Easy Trip stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Easy Trip stock over time.
Current vs Lagged Prices |
| Timeline |
Easy Trip Lagged Returns
When evaluating Easy Trip's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Easy Trip stock have on its future price. Easy Trip 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, Easy Trip autocorrelation shows the relationship between Easy Trip stock current value and its past values and can show if there is a momentum factor associated with investing in Easy Trip Planners.
Regressed Prices |
| Timeline |
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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 Easy Stock Analysis
When running Easy Trip's price analysis, check to measure Easy Trip'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 Easy Trip is operating at the current time. Most of Easy Trip's value examination focuses on studying past and present price action to predict the probability of Easy Trip's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Easy Trip's price. Additionally, you may evaluate how the addition of Easy Trip to your portfolios can decrease your overall portfolio volatility.