Elin Electronics (India) Market Value
| ELIN Stock | 220.45 3.46 1.59% |
| Symbol | Elin |
Elin Electronics '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 Elin Electronics' 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 Elin Electronics.
| 01/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in Elin Electronics on January 9, 2023 and sell it all today you would earn a total of 0.00 from holding Elin Electronics Limited or generate 0.0% return on investment in Elin Electronics over 690 days. Elin Electronics is related to or competes with Kingfa Science, GTL, Indo Amines, Exide Industries, Delta Manufacturing, EID Parry, and Lakshmi Precision. Elin Electronics is entity of India. It is traded as Stock on NSE exchange. More
Elin Electronics 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 Elin Electronics' 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 Elin Electronics Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 15.7 | |||
| Value At Risk | (4.27) | |||
| Potential Upside | 4.57 |
Elin Electronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Elin Electronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Elin Electronics' standard deviation. In reality, there are many statistical measures that can use Elin Electronics historical prices to predict the future Elin Electronics' volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.56) | |||
| Treynor Ratio | (0.11) |
Elin Electronics Backtested Returns
Elin Electronics secures Sharpe Ratio (or Efficiency) of -0.015, which denotes the company had a -0.015% return per unit of risk over the last 3 months. Elin Electronics Limited exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Elin Electronics' Mean Deviation of 2.29, variance of 8.99, and Standard Deviation of 3.0 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.03, which means a somewhat significant risk relative to the market. Elin Electronics returns are very sensitive to returns on the market. As the market goes up or down, Elin Electronics is expected to follow. At this point, Elin Electronics has a negative expected return of -0.046%. Please make sure to confirm Elin Electronics' standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Elin Electronics performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.16 |
Very weak predictability
Elin Electronics Limited has very weak predictability. Overlapping area represents the amount of predictability between Elin Electronics time series from 9th of January 2023 to 20th of December 2023 and 20th of December 2023 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 Elin Electronics price movement. The serial correlation of 0.16 indicates that over 16.0% of current Elin Electronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 1258.54 |
Elin Electronics lagged returns against current returns
Autocorrelation, which is Elin Electronics 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 Elin Electronics' stock expected returns. We can calculate the autocorrelation of Elin Electronics returns to help us make a trade decision. For example, suppose you find that Elin Electronics 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 |
Elin Electronics 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 Elin Electronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Elin Electronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Elin Electronics stock over time.
Current vs Lagged Prices |
| Timeline |
Elin Electronics Lagged Returns
When evaluating Elin Electronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Elin Electronics stock have on its future price. Elin Electronics 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, Elin Electronics autocorrelation shows the relationship between Elin Electronics stock current value and its past values and can show if there is a momentum factor associated with investing in Elin Electronics Limited.
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 Elin Stock Analysis
When running Elin Electronics' price analysis, check to measure Elin Electronics' 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 Elin Electronics is operating at the current time. Most of Elin Electronics' value examination focuses on studying past and present price action to predict the probability of Elin Electronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elin Electronics' price. Additionally, you may evaluate how the addition of Elin Electronics to your portfolios can decrease your overall portfolio volatility.