HDFC Bank (India) Market Value
| HDFCBANK | 1,682 5.25 0.31% |
| Symbol | HDFC |
HDFC Bank '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 HDFC Bank'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 HDFC Bank.
| 01/28/2025 |
| 02/27/2025 |
If you would invest 0.00 in HDFC Bank on January 28, 2025 and sell it all today you would earn a total of 0.00 from holding HDFC Bank Limited or generate 0.0% return on investment in HDFC Bank over 30 days. HDFC Bank is related to or competes with Radiant Cash, Computer Age, Neogen Chemicals, JB Chemicals, Hi-Tech Pipes, Chemcon Speciality, and Kavveri Telecom. More
HDFC Bank 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 HDFC Bank'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 HDFC Bank Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 4.88 | |||
| Value At Risk | (1.71) | |||
| Potential Upside | 1.67 |
HDFC Bank Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HDFC Bank's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HDFC Bank's standard deviation. In reality, there are many statistical measures that can use HDFC Bank historical prices to predict the future HDFC Bank's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.1) | |||
| Treynor Ratio | (0.24) |
HDFC Bank Limited Backtested Returns
HDFC Bank Limited holds Efficiency (Sharpe) Ratio of -0.0922, which attests that the entity had a -0.0922 % return per unit of return volatility over the last 3 months. HDFC Bank Limited exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out HDFC Bank's Risk Adjusted Performance of (0.06), market risk adjusted performance of (0.23), and Coefficient Of Variation of (1,115) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.45, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, HDFC Bank's returns are expected to increase less than the market. However, during the bear market, the loss of holding HDFC Bank is expected to be smaller as well. At this point, HDFC Bank Limited has a negative expected return of -0.0997%. Please make sure to check out HDFC Bank's standard deviation, maximum drawdown, kurtosis, as well as the relationship between the total risk alpha and potential upside , to decide if HDFC Bank Limited performance from the past will be repeated in the future.
Auto-correlation | -0.42 |
Modest reverse predictability
HDFC Bank Limited has modest reverse predictability. Overlapping area represents the amount of predictability between HDFC Bank 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 HDFC Bank Limited price movement. The serial correlation of -0.42 indicates that just about 42.0% of current HDFC Bank price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.42 | |
| Spearman Rank Test | -0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 273.45 |
HDFC Bank Limited lagged returns against current returns
Autocorrelation, which is HDFC Bank 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 HDFC Bank's stock expected returns. We can calculate the autocorrelation of HDFC Bank returns to help us make a trade decision. For example, suppose you find that HDFC Bank 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 |
HDFC Bank 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 HDFC Bank stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HDFC Bank stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HDFC Bank stock over time.
Current vs Lagged Prices |
| Timeline |
HDFC Bank Lagged Returns
When evaluating HDFC Bank's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HDFC Bank stock have on its future price. HDFC Bank 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, HDFC Bank autocorrelation shows the relationship between HDFC Bank stock current value and its past values and can show if there is a momentum factor associated with investing in HDFC Bank 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.When determining whether HDFC Bank Limited offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of HDFC Bank's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Hdfc Bank Limited Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Hdfc Bank Limited Stock:Check out HDFC Bank Correlation, HDFC Bank Volatility and HDFC Bank Alpha and Beta module to complement your research on HDFC Bank. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
HDFC Bank technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.