INDIKA ENERGY (Germany) Market Value
| I41 Stock | EUR 0.07 0.00 0.00% |
| Symbol | INDIKA |
INDIKA ENERGY '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 INDIKA ENERGY'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 INDIKA ENERGY.
| 11/27/2024 |
| 12/27/2024 |
If you would invest 0.00 in INDIKA ENERGY on November 27, 2024 and sell it all today you would earn a total of 0.00 from holding INDIKA ENERGY or generate 0.0% return on investment in INDIKA ENERGY over 30 days. INDIKA ENERGY is related to or competes with National Bank, CREDIT AGRICOLE, Vastned Retail, Retail Estates, REVO INSURANCE, Commonwealth Bank, and PICKN PAY. More
INDIKA ENERGY 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 INDIKA ENERGY'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 INDIKA ENERGY upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 16.81 | |||
| Value At Risk | (5.52) | |||
| Potential Upside | 5.7 |
INDIKA ENERGY Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for INDIKA ENERGY's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as INDIKA ENERGY's standard deviation. In reality, there are many statistical measures that can use INDIKA ENERGY historical prices to predict the future INDIKA ENERGY's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.35) | |||
| Treynor Ratio | (0.40) |
INDIKA ENERGY Backtested Returns
INDIKA ENERGY holds Efficiency (Sharpe) Ratio of -0.0983, which attests that the entity had a -0.0983% return per unit of return volatility over the last 3 months. INDIKA ENERGY exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out INDIKA ENERGY's Risk Adjusted Performance of (0.03), market risk adjusted performance of (0.39), and Coefficient Of Variation of (2,336) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.4, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, INDIKA ENERGY's returns are expected to increase less than the market. However, during the bear market, the loss of holding INDIKA ENERGY is expected to be smaller as well. At this point, INDIKA ENERGY has a negative expected return of -0.34%. Please make sure to check out INDIKA ENERGY's coefficient of variation, variance, jensen alpha, as well as the relationship between the standard deviation and information ratio , to decide if INDIKA ENERGY performance from the past will be repeated in the future.
Auto-correlation | -0.4 |
Poor reverse predictability
INDIKA ENERGY has poor reverse predictability. Overlapping area represents the amount of predictability between INDIKA ENERGY time series from 27th of November 2024 to 12th of December 2024 and 12th of December 2024 to 27th 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 INDIKA ENERGY price movement. The serial correlation of -0.4 indicates that just about 40.0% of current INDIKA ENERGY price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.4 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
INDIKA ENERGY lagged returns against current returns
Autocorrelation, which is INDIKA ENERGY 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 INDIKA ENERGY's stock expected returns. We can calculate the autocorrelation of INDIKA ENERGY returns to help us make a trade decision. For example, suppose you find that INDIKA ENERGY 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 |
INDIKA ENERGY 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 INDIKA ENERGY stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if INDIKA ENERGY stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in INDIKA ENERGY stock over time.
Current vs Lagged Prices |
| Timeline |
INDIKA ENERGY Lagged Returns
When evaluating INDIKA ENERGY's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of INDIKA ENERGY stock have on its future price. INDIKA ENERGY 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, INDIKA ENERGY autocorrelation shows the relationship between INDIKA ENERGY stock current value and its past values and can show if there is a momentum factor associated with investing in INDIKA ENERGY.
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 INDIKA Stock
INDIKA ENERGY financial ratios help investors to determine whether INDIKA 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 INDIKA with respect to the benefits of owning INDIKA ENERGY security.