Emkay Global (India) Market Value
| EMKAY Stock | 306.10 9.50 3.01% |
| Symbol | Emkay |
Emkay Global '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 Emkay Global'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 Emkay Global.
| 12/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in Emkay Global on December 5, 2024 and sell it all today you would earn a total of 0.00 from holding Emkay Global Financial or generate 0.0% return on investment in Emkay Global over 30 days. Emkay Global is related to or competes with Asian Hotels, Kamat Hotels, Indian Hotels, Paramount Communications, EIH Associated, Advani Hotels, and Ortel Communications. Emkay Global is entity of India. It is traded as Stock on NSE exchange. More
Emkay Global 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 Emkay Global'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 Emkay Global Financial upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.29 | |||
| Information Ratio | 0.2323 | |||
| Maximum Drawdown | 10.0 | |||
| Value At Risk | (2.00) | |||
| Potential Upside | 4.99 |
Emkay Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Emkay Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Emkay Global's standard deviation. In reality, there are many statistical measures that can use Emkay Global historical prices to predict the future Emkay Global's volatility.| Risk Adjusted Performance | 0.2023 | |||
| Jensen Alpha | 0.6164 | |||
| Total Risk Alpha | 0.578 | |||
| Sortino Ratio | 0.2646 | |||
| Treynor Ratio | 6.28 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Emkay Global'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.
Emkay Global Financial Backtested Returns
Emkay Global appears to be very steady, given 3 months investment horizon. Emkay Global Financial secures Sharpe Ratio (or Efficiency) of 0.18, which denotes the company had a 0.18% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Emkay Global Financial, which you can use to evaluate the volatility of the firm. Please utilize Emkay Global's Mean Deviation of 2.27, downside deviation of 2.29, and Coefficient Of Variation of 415.14 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Emkay Global holds a performance score of 14. The firm shows a Beta (market volatility) of 0.0983, which means not very significant fluctuations relative to the market. As returns on the market increase, Emkay Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Emkay Global is expected to be smaller as well. Please check Emkay Global's downside variance, and the relationship between the sortino ratio and accumulation distribution , to make a quick decision on whether Emkay Global's price patterns will revert.
Auto-correlation | 0.94 |
Excellent predictability
Emkay Global Financial has excellent predictability. Overlapping area represents the amount of predictability between Emkay Global time series from 5th of December 2024 to 20th of December 2024 and 20th of December 2024 to 4th 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 Emkay Global Financial price movement. The serial correlation of 0.94 indicates that approximately 94.0% of current Emkay Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.94 | |
| Spearman Rank Test | 0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 115.68 |
Emkay Global Financial lagged returns against current returns
Autocorrelation, which is Emkay Global 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 Emkay Global's stock expected returns. We can calculate the autocorrelation of Emkay Global returns to help us make a trade decision. For example, suppose you find that Emkay Global 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 |
Emkay Global 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 Emkay Global stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Emkay Global stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Emkay Global stock over time.
Current vs Lagged Prices |
| Timeline |
Emkay Global Lagged Returns
When evaluating Emkay Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Emkay Global stock have on its future price. Emkay Global 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, Emkay Global autocorrelation shows the relationship between Emkay Global stock current value and its past values and can show if there is a momentum factor associated with investing in Emkay Global Financial.
Regressed Prices |
| Timeline |
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Other Information on Investing in Emkay Stock
Emkay Global financial ratios help investors to determine whether Emkay 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 Emkay with respect to the benefits of owning Emkay Global security.