Hindustan Foods (India) Market Value
| HNDFDS Stock | 534.65 3.80 0.71% |
| Symbol | Hindustan |
Hindustan 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 Hindustan 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 Hindustan Foods.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Hindustan Foods on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Hindustan Foods Limited or generate 0.0% return on investment in Hindustan Foods over 90 days. Hindustan Foods is related to or competes with JSW Steel, Vardhman Special, Mask Investments, Jindal Steel, Tata Steel, Tube Investments, and Nalwa Sons. Hindustan Foods is entity of India. It is traded as Stock on NSE exchange. More
Hindustan 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 Hindustan 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 Hindustan Foods Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0128 | |||
| Maximum Drawdown | 17.52 | |||
| Value At Risk | (2.86) | |||
| Potential Upside | 2.82 |
Hindustan Foods Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hindustan Foods' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hindustan Foods' standard deviation. In reality, there are many statistical measures that can use Hindustan Foods historical prices to predict the future Hindustan Foods' volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | 0.2281 | |||
| Treynor Ratio | 0.1544 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hindustan 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.
Hindustan Foods Backtested Returns
Hindustan Foods holds Efficiency (Sharpe) Ratio of -0.0127, which attests that the entity had a -0.0127 % return per unit of risk over the last 3 months. Hindustan Foods exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hindustan Foods' Market Risk Adjusted Performance of 0.1644, risk adjusted performance of (0.02), and Standard Deviation of 2.44 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.5, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Hindustan Foods are expected to decrease at a much lower rate. During the bear market, Hindustan Foods is likely to outperform the market. At this point, Hindustan Foods has a negative expected return of -0.0313%. Please make sure to check out Hindustan Foods' maximum drawdown, daily balance of power, period momentum indicator, as well as the relationship between the skewness and day typical price , to decide if Hindustan Foods performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.26 |
Poor predictability
Hindustan Foods Limited has poor predictability. Overlapping area represents the amount of predictability between Hindustan Foods time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 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 Hindustan Foods price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current Hindustan Foods price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 311.03 |
Hindustan Foods lagged returns against current returns
Autocorrelation, which is Hindustan 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 Hindustan Foods' stock expected returns. We can calculate the autocorrelation of Hindustan Foods returns to help us make a trade decision. For example, suppose you find that Hindustan 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 |
Hindustan 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 Hindustan Foods stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hindustan Foods stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hindustan Foods stock over time.
Current vs Lagged Prices |
| Timeline |
Hindustan Foods Lagged Returns
When evaluating Hindustan Foods' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hindustan Foods stock have on its future price. Hindustan 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, Hindustan Foods autocorrelation shows the relationship between Hindustan Foods stock current value and its past values and can show if there is a momentum factor associated with investing in Hindustan Foods 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 Hindustan Stock
Hindustan Foods financial ratios help investors to determine whether Hindustan 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 Hindustan with respect to the benefits of owning Hindustan Foods security.