Hardwyn India (India) Market Value
| HARDWYN Stock | 29.65 0.47 1.61% |
| Symbol | Hardwyn |
Hardwyn 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 Hardwyn 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 Hardwyn India.
| 11/27/2024 |
| 12/27/2024 |
If you would invest 0.00 in Hardwyn India on November 27, 2024 and sell it all today you would earn a total of 0.00 from holding Hardwyn India Limited or generate 0.0% return on investment in Hardwyn India over 30 days. Hardwyn India is related to or competes with Reliance Industries, Tata Consultancy, HDFC Bank, and Bharti Airtel. Hardwyn India is entity of India. It is traded as Stock on NSE exchange. More
Hardwyn 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 Hardwyn 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 Hardwyn India Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 20.56 | |||
| Value At Risk | (5.43) | |||
| Potential Upside | 4.62 |
Hardwyn India Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hardwyn India's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hardwyn India's standard deviation. In reality, there are many statistical measures that can use Hardwyn India historical prices to predict the future Hardwyn India's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.59) | |||
| Total Risk Alpha | (0.79) | |||
| Treynor Ratio | 1.94 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hardwyn India'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.
Hardwyn India Limited Backtested Returns
Hardwyn India Limited holds Efficiency (Sharpe) Ratio of -0.14, which attests that the entity had a -0.14% return per unit of risk over the last 3 months. Hardwyn India Limited exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hardwyn India's Standard Deviation of 3.47, market risk adjusted performance of 1.95, and Risk Adjusted Performance of (0.13) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.31, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Hardwyn India are expected to decrease at a much lower rate. During the bear market, Hardwyn India is likely to outperform the market. At this point, Hardwyn India Limited has a negative expected return of -0.48%. Please make sure to check out Hardwyn India's treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if Hardwyn India Limited performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.08 |
Very weak reverse predictability
Hardwyn India Limited has very weak reverse predictability. Overlapping area represents the amount of predictability between Hardwyn India time series from 27th of November 2024 to 12th of December 2024 and 12th of December 2024 to 27th 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 Hardwyn India Limited price movement. The serial correlation of -0.08 indicates that barely 8.0% of current Hardwyn India price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | -0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.93 |
Hardwyn India Limited lagged returns against current returns
Autocorrelation, which is Hardwyn 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 Hardwyn India's stock expected returns. We can calculate the autocorrelation of Hardwyn India returns to help us make a trade decision. For example, suppose you find that Hardwyn 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 |
Hardwyn 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 Hardwyn India stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hardwyn India stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hardwyn India stock over time.
Current vs Lagged Prices |
| Timeline |
Hardwyn India Lagged Returns
When evaluating Hardwyn India's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hardwyn India stock have on its future price. Hardwyn 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, Hardwyn India autocorrelation shows the relationship between Hardwyn India stock current value and its past values and can show if there is a momentum factor associated with investing in Hardwyn India Limited.
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 Hardwyn Stock
Hardwyn India financial ratios help investors to determine whether Hardwyn 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 Hardwyn with respect to the benefits of owning Hardwyn India security.