Eros International (India) Market Value
| EROSMEDIA | 15.47 0.26 1.65% |
| Symbol | Eros |
Eros International '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 Eros International'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 Eros International.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in Eros International on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding Eros International Media or generate 0.0% return on investment in Eros International over 180 days. Eros International is related to or competes with Vodafone Idea, Indian Overseas, Indian Oil, and Suzlon Energy. Eros International is entity of India. It is traded as Stock on NSE exchange. More
Eros International 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 Eros International'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 Eros International Media upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 15.97 | |||
| Value At Risk | (5.03) | |||
| Potential Upside | 3.66 |
Eros International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eros International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eros International's standard deviation. In reality, there are many statistical measures that can use Eros International historical prices to predict the future Eros International's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.28) | |||
| Total Risk Alpha | (0.70) | |||
| Treynor Ratio | (0.58) |
Eros International Media Backtested Returns
Eros International Media secures Sharpe Ratio (or Efficiency) of -0.0714, which denotes the company had a -0.0714% return per unit of risk over the last 3 months. Eros International Media exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Eros International's Variance of 8.12, mean deviation of 2.02, and Standard Deviation of 2.85 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.39, which means possible diversification benefits within a given portfolio. As returns on the market increase, Eros International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Eros International is expected to be smaller as well. At this point, Eros International Media has a negative expected return of -0.21%. Please make sure to confirm Eros International's potential upside, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Eros International Media performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.24 |
Weak predictability
Eros International Media has weak predictability. Overlapping area represents the amount of predictability between Eros International time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 2024 to 1st 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 Eros International Media price movement. The serial correlation of 0.24 indicates that over 24.0% of current Eros International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | 0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 4.42 |
Eros International Media lagged returns against current returns
Autocorrelation, which is Eros International 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 Eros International's stock expected returns. We can calculate the autocorrelation of Eros International returns to help us make a trade decision. For example, suppose you find that Eros International 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 |
Eros International 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 Eros International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eros International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eros International stock over time.
Current vs Lagged Prices |
| Timeline |
Eros International Lagged Returns
When evaluating Eros International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eros International stock have on its future price. Eros International 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, Eros International autocorrelation shows the relationship between Eros International stock current value and its past values and can show if there is a momentum factor associated with investing in Eros International Media.
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.Other Information on Investing in Eros Stock
Eros International financial ratios help investors to determine whether Eros 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 Eros with respect to the benefits of owning Eros International security.