Heritage Foods (India) Market Value
| HERITGFOOD | 393.65 6.70 1.73% |
| Symbol | Heritage |
Heritage Foods '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 Heritage Foods' 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 Heritage Foods.
| 03/01/2023 |
| 02/18/2025 |
If you would invest 0.00 in Heritage Foods on March 1, 2023 and sell it all today you would earn a total of 0.00 from holding Heritage Foods Limited or generate 0.0% return on investment in Heritage Foods over 720 days. Heritage Foods is related to or competes with Ortel Communications, Aarey Drugs, Tata Communications, Transport, Paramount Communications, Indian Card, and Aarti Drugs. Heritage Foods is entity of India. It is traded as Stock on NSE exchange. More
Heritage Foods 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 Heritage Foods' 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 Heritage Foods Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 10.74 | |||
| Value At Risk | (3.50) | |||
| Potential Upside | 2.7 |
Heritage Foods Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Heritage Foods' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Heritage Foods' standard deviation. In reality, there are many statistical measures that can use Heritage Foods historical prices to predict the future Heritage Foods' volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.29) | |||
| Total Risk Alpha | (0.29) | |||
| Treynor Ratio | (1.11) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Heritage Foods' 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.
Heritage Foods Backtested Returns
Heritage Foods holds Efficiency (Sharpe) Ratio of -0.11, which attests that the entity had a -0.11 % return per unit of risk over the last 3 months. Heritage Foods exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Heritage Foods' Standard Deviation of 2.18, market risk adjusted performance of (1.10), and Risk Adjusted Performance of (0.08) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.26, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Heritage Foods' returns are expected to increase less than the market. However, during the bear market, the loss of holding Heritage Foods is expected to be smaller as well. At this point, Heritage Foods has a negative expected return of -0.25%. Please make sure to check out Heritage Foods' treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if Heritage Foods performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.38 |
Below average predictability
Heritage Foods Limited has below average predictability. Overlapping area represents the amount of predictability between Heritage Foods time series from 1st of March 2023 to 24th of February 2024 and 24th of February 2024 to 18th 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 Heritage Foods price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Heritage Foods price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 10.3 K |
Heritage Foods lagged returns against current returns
Autocorrelation, which is Heritage Foods 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 Heritage Foods' stock expected returns. We can calculate the autocorrelation of Heritage Foods returns to help us make a trade decision. For example, suppose you find that Heritage Foods 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 |
Heritage Foods 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 Heritage Foods stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Heritage Foods stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Heritage Foods stock over time.
Current vs Lagged Prices |
| Timeline |
Heritage Foods Lagged Returns
When evaluating Heritage Foods' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Heritage Foods stock have on its future price. Heritage Foods 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, Heritage Foods autocorrelation shows the relationship between Heritage Foods stock current value and its past values and can show if there is a momentum factor associated with investing in Heritage Foods Limited.
Regressed Prices |
| Timeline |
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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 Heritage Stock
Heritage Foods financial ratios help investors to determine whether Heritage 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 Heritage with respect to the benefits of owning Heritage Foods security.