Hathway Cable (India) Market Value
| HATHWAY Stock | 13.90 0.08 0.57% |
| Symbol | Hathway |
Hathway Cable '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 Hathway Cable'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 Hathway Cable.
| 01/28/2025 |
| 02/27/2025 |
If you would invest 0.00 in Hathway Cable on January 28, 2025 and sell it all today you would earn a total of 0.00 from holding Hathway Cable Datacom or generate 0.0% return on investment in Hathway Cable over 30 days. Hathway Cable is related to or competes with Sumitomo Chemical, Dharani SugarsChemicals, Indo Rama, Neogen Chemicals, IOL Chemicals, Vishnu Chemicals, and WESTLIFE FOODWORLD. Hathway Cable is entity of India. It is traded as Stock on NSE exchange. More
Hathway Cable 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 Hathway Cable'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 Hathway Cable Datacom upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 9.52 | |||
| Value At Risk | (3.68) | |||
| Potential Upside | 3.49 |
Hathway Cable Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hathway Cable's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hathway Cable's standard deviation. In reality, there are many statistical measures that can use Hathway Cable historical prices to predict the future Hathway Cable's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.39) | |||
| Total Risk Alpha | (0.37) | |||
| Treynor Ratio | 6.55 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hathway Cable'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.
Hathway Cable Datacom Backtested Returns
Hathway Cable Datacom 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. Hathway Cable Datacom exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hathway Cable's Market Risk Adjusted Performance of 6.56, standard deviation of 2.28, and Risk Adjusted Performance of (0.12) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.0594, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Hathway Cable are expected to decrease at a much lower rate. During the bear market, Hathway Cable is likely to outperform the market. At this point, Hathway Cable Datacom has a negative expected return of -0.33%. Please make sure to check out Hathway Cable's maximum drawdown, daily balance of power, as well as the relationship between the Daily Balance Of Power and period momentum indicator , to decide if Hathway Cable Datacom performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.24 |
Weak predictability
Hathway Cable Datacom has weak predictability. Overlapping area represents the amount of predictability between Hathway Cable time series from 28th of January 2025 to 12th of February 2025 and 12th of February 2025 to 27th of February 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 Hathway Cable Datacom price movement. The serial correlation of 0.24 indicates that over 24.0% of current Hathway Cable price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Hathway Cable Datacom lagged returns against current returns
Autocorrelation, which is Hathway Cable 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 Hathway Cable's stock expected returns. We can calculate the autocorrelation of Hathway Cable returns to help us make a trade decision. For example, suppose you find that Hathway Cable 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 |
Hathway Cable 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 Hathway Cable stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hathway Cable stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hathway Cable stock over time.
Current vs Lagged Prices |
| Timeline |
Hathway Cable Lagged Returns
When evaluating Hathway Cable's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hathway Cable stock have on its future price. Hathway Cable 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, Hathway Cable autocorrelation shows the relationship between Hathway Cable stock current value and its past values and can show if there is a momentum factor associated with investing in Hathway Cable Datacom.
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.Additional Tools for Hathway Stock Analysis
When running Hathway Cable's price analysis, check to measure Hathway Cable'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 Hathway Cable is operating at the current time. Most of Hathway Cable's value examination focuses on studying past and present price action to predict the probability of Hathway Cable's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hathway Cable's price. Additionally, you may evaluate how the addition of Hathway Cable to your portfolios can decrease your overall portfolio volatility.