HCL Technologies (India) Market Value
| HCLTECH Stock | 1,848 7.15 0.39% |
| Symbol | HCL |
HCL Technologies '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 HCL Technologies' 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 HCL Technologies.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in HCL Technologies on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding HCL Technologies Limited or generate 0.0% return on investment in HCL Technologies over 720 days. HCL Technologies is related to or competes with Popular Vehicles, JGCHEMICALS, Privi Speciality, Fertilizers, SIL Investments, Mangalore Chemicals, and DMCC SPECIALITY. HCL Technologies is entity of India. It is traded as Stock on NSE exchange. More
HCL Technologies 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 HCL Technologies' 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 HCL Technologies Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.37 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 7.0 | |||
| Value At Risk | (2.09) | |||
| Potential Upside | 1.88 |
HCL Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HCL Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HCL Technologies' standard deviation. In reality, there are many statistical measures that can use HCL Technologies historical prices to predict the future HCL Technologies' volatility.| Risk Adjusted Performance | 0.0815 | |||
| Jensen Alpha | 0.0904 | |||
| Total Risk Alpha | (0.1) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.4615 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of HCL Technologies' 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.
HCL Technologies Backtested Returns
HCL Technologies is very steady at the moment. HCL Technologies holds Efficiency (Sharpe) Ratio of 0.0538, which attests that the company had a 0.0538% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for HCL Technologies, which you can use to evaluate the volatility of the entity. Please check out HCL Technologies' semi deviation of 1.2, and Downside Deviation of 1.37 to validate if the risk estimate we provide is consistent with the expected return of 0.0699%. HCL Technologies has a performance score of 4 on a scale of 0 to 100. The firm retains a Market Volatility (i.e., Beta) of 0.27, which attests to not very significant fluctuations relative to the market. As returns on the market increase, HCL Technologies' returns are expected to increase less than the market. However, during the bear market, the loss of holding HCL Technologies is expected to be smaller as well. HCL Technologies at this time retains a risk of 1.3%. Please check out HCL Technologies sortino ratio, skewness, price action indicator, as well as the relationship between the potential upside and rate of daily change , to decide if HCL Technologies will be following its current trending patterns.
Auto-correlation | 0.80 |
Very good predictability
HCL Technologies Limited has very good predictability. Overlapping area represents the amount of predictability between HCL Technologies time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 HCL Technologies price movement. The serial correlation of 0.8 indicates that around 80.0% of current HCL Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 30.2 K |
HCL Technologies lagged returns against current returns
Autocorrelation, which is HCL Technologies 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 HCL Technologies' stock expected returns. We can calculate the autocorrelation of HCL Technologies returns to help us make a trade decision. For example, suppose you find that HCL Technologies 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 |
HCL Technologies 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 HCL Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HCL Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HCL Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
HCL Technologies Lagged Returns
When evaluating HCL Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HCL Technologies stock have on its future price. HCL Technologies 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, HCL Technologies autocorrelation shows the relationship between HCL Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in HCL Technologies 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 HCL Stock
HCL Technologies financial ratios help investors to determine whether HCL 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 HCL with respect to the benefits of owning HCL Technologies security.