Engineers India (India) Market Value
| ENGINERSIN | 183.68 8.98 4.66% |
| Symbol | Engineers |
Engineers 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 Engineers 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 Engineers India.
| 06/25/2024 |
| 12/22/2024 |
If you would invest 0.00 in Engineers India on June 25, 2024 and sell it all today you would earn a total of 0.00 from holding Engineers India Limited or generate 0.0% return on investment in Engineers India over 180 days. Engineers India is related to or competes with MRF, JSW Holdings, Maharashtra Scooters, Nalwa Sons, Kalyani Investment, Pilani Investment, and Vardhman Holdings. Engineers India is entity of India. It is traded as Stock on NSE exchange. More
Engineers 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 Engineers 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 Engineers India Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 12.91 | |||
| Value At Risk | (4.25) | |||
| Potential Upside | 3.85 |
Engineers India Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Engineers India's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Engineers India's standard deviation. In reality, there are many statistical measures that can use Engineers India historical prices to predict the future Engineers India's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | (0.25) |
Engineers India Backtested Returns
Engineers India secures Sharpe Ratio (or Efficiency) of -0.0944, which denotes the company had a -0.0944% return per unit of risk over the last 3 months. Engineers India Limited exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Engineers India's Variance of 7.06, mean deviation of 1.82, and Standard Deviation of 2.66 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.7, which means possible diversification benefits within a given portfolio. As returns on the market increase, Engineers India's returns are expected to increase less than the market. However, during the bear market, the loss of holding Engineers India is expected to be smaller as well. At this point, Engineers India has a negative expected return of -0.24%. Please make sure to confirm Engineers India's treynor ratio, as well as the relationship between the kurtosis and day typical price , to decide if Engineers India performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.07 |
Virtually no predictability
Engineers India Limited has virtually no predictability. Overlapping area represents the amount of predictability between Engineers India time series from 25th of June 2024 to 23rd of September 2024 and 23rd of September 2024 to 22nd 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 Engineers India price movement. The serial correlation of 0.07 indicates that barely 7.0% of current Engineers India price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.07 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 130.07 |
Engineers India lagged returns against current returns
Autocorrelation, which is Engineers 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 Engineers India's stock expected returns. We can calculate the autocorrelation of Engineers India returns to help us make a trade decision. For example, suppose you find that Engineers 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 |
Engineers 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 Engineers India stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Engineers India stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Engineers India stock over time.
Current vs Lagged Prices |
| Timeline |
Engineers India Lagged Returns
When evaluating Engineers India's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Engineers India stock have on its future price. Engineers 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, Engineers India autocorrelation shows the relationship between Engineers India stock current value and its past values and can show if there is a momentum factor associated with investing in Engineers India 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 Engineers Stock Analysis
When running Engineers India's price analysis, check to measure Engineers 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 Engineers India is operating at the current time. Most of Engineers India's value examination focuses on studying past and present price action to predict the probability of Engineers 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 Engineers India's price. Additionally, you may evaluate how the addition of Engineers India to your portfolios can decrease your overall portfolio volatility.