Ganesh Housing (India) Market Value
| GANESHHOUC | 1,188 64.45 5.15% |
| Symbol | Ganesh |
Ganesh Housing '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 Ganesh Housing'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 Ganesh Housing.
| 11/28/2023 |
| 12/22/2024 |
If you would invest 0.00 in Ganesh Housing on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding Ganesh Housing or generate 0.0% return on investment in Ganesh Housing over 390 days. Ganesh Housing is related to or competes with MIRC Electronics, G Tec, Country Club, Lotus Eye, Elin Electronics, Procter Gamble, and Sri Havisha. Ganesh Housing is entity of India. It is traded as Stock on NSE exchange. More
Ganesh Housing 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 Ganesh Housing'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 Ganesh Housing upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.37 | |||
| Information Ratio | 0.1827 | |||
| Maximum Drawdown | 16.58 | |||
| Value At Risk | (3.70) | |||
| Potential Upside | 6.16 |
Ganesh Housing Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ganesh Housing's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ganesh Housing's standard deviation. In reality, there are many statistical measures that can use Ganesh Housing historical prices to predict the future Ganesh Housing's volatility.| Risk Adjusted Performance | 0.1601 | |||
| Jensen Alpha | 0.6037 | |||
| Total Risk Alpha | 0.5324 | |||
| Sortino Ratio | 0.2547 | |||
| Treynor Ratio | 0.6563 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ganesh Housing'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.
Ganesh Housing Backtested Returns
Ganesh Housing appears to be very steady, given 3 months investment horizon. Ganesh Housing holds Efficiency (Sharpe) Ratio of 0.16, which attests that the entity had a 0.16% return per unit of risk over the last 3 months. By evaluating Ganesh Housing's technical indicators, you can evaluate if the expected return of 0.53% is justified by implied risk. Please utilize Ganesh Housing's Market Risk Adjusted Performance of 0.6663, risk adjusted performance of 0.1601, and Downside Deviation of 2.37 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Ganesh Housing holds a performance score of 12. The company retains a Market Volatility (i.e., Beta) of 0.95, which attests to possible diversification benefits within a given portfolio. Ganesh Housing returns are very sensitive to returns on the market. As the market goes up or down, Ganesh Housing is expected to follow. Please check Ganesh Housing's semi variance, and the relationship between the treynor ratio and daily balance of power , to make a quick decision on whether Ganesh Housing's current trending patterns will revert.
Auto-correlation | 0.17 |
Very weak predictability
Ganesh Housing has very weak predictability. Overlapping area represents the amount of predictability between Ganesh Housing time series from 28th of November 2023 to 10th of June 2024 and 10th of June 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 Ganesh Housing price movement. The serial correlation of 0.17 indicates that over 17.0% of current Ganesh Housing price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 19.8 K |
Ganesh Housing lagged returns against current returns
Autocorrelation, which is Ganesh Housing 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 Ganesh Housing's stock expected returns. We can calculate the autocorrelation of Ganesh Housing returns to help us make a trade decision. For example, suppose you find that Ganesh Housing 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 |
Ganesh Housing 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 Ganesh Housing stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ganesh Housing stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ganesh Housing stock over time.
Current vs Lagged Prices |
| Timeline |
Ganesh Housing Lagged Returns
When evaluating Ganesh Housing's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ganesh Housing stock have on its future price. Ganesh Housing 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, Ganesh Housing autocorrelation shows the relationship between Ganesh Housing stock current value and its past values and can show if there is a momentum factor associated with investing in Ganesh Housing.
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 Ganesh Stock
Ganesh Housing financial ratios help investors to determine whether Ganesh 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 Ganesh with respect to the benefits of owning Ganesh Housing security.