Indraprastha Medical (India) Market Value
| INDRAMEDCO | 459.75 22.90 5.24% |
| Symbol | Indraprastha |
Indraprastha Medical '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 Indraprastha Medical'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 Indraprastha Medical.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Indraprastha Medical on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Indraprastha Medical or generate 0.0% return on investment in Indraprastha Medical over 720 days. Indraprastha Medical is related to or competes with State Bank, Life Insurance, HDFC Bank, ICICI Bank, and Reliance Industries. Indraprastha Medical is entity of India. It is traded as Stock on NSE exchange. More
Indraprastha Medical 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 Indraprastha Medical'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 Indraprastha Medical upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.55 | |||
| Information Ratio | 0.0501 | |||
| Maximum Drawdown | 14.71 | |||
| Value At Risk | (5.62) | |||
| Potential Upside | 5.1 |
Indraprastha Medical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Indraprastha Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Indraprastha Medical's standard deviation. In reality, there are many statistical measures that can use Indraprastha Medical historical prices to predict the future Indraprastha Medical's volatility.| Risk Adjusted Performance | 0.0802 | |||
| Jensen Alpha | 0.1998 | |||
| Total Risk Alpha | (0.23) | |||
| Sortino Ratio | 0.0433 | |||
| Treynor Ratio | 0.4403 |
Indraprastha Medical Backtested Returns
Indraprastha Medical appears to be very steady, given 3 months investment horizon. Indraprastha Medical holds Efficiency (Sharpe) Ratio of 0.067, which attests that the entity had a 0.067% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Indraprastha Medical, which you can use to evaluate the volatility of the firm. Please utilize Indraprastha Medical's Downside Deviation of 3.55, risk adjusted performance of 0.0802, and Market Risk Adjusted Performance of 0.4503 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Indraprastha Medical holds a performance score of 5. The company retains a Market Volatility (i.e., Beta) of 0.64, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Indraprastha Medical's returns are expected to increase less than the market. However, during the bear market, the loss of holding Indraprastha Medical is expected to be smaller as well. Please check Indraprastha Medical's maximum drawdown, skewness, and the relationship between the total risk alpha and downside variance , to make a quick decision on whether Indraprastha Medical's current trending patterns will revert.
Auto-correlation | 0.94 |
Excellent predictability
Indraprastha Medical has excellent predictability. Overlapping area represents the amount of predictability between Indraprastha Medical time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st 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 Indraprastha Medical price movement. The serial correlation of 0.94 indicates that approximately 94.0% of current Indraprastha Medical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.94 | |
| Spearman Rank Test | 0.86 | |
| Residual Average | 0.0 | |
| Price Variance | 10.6 K |
Indraprastha Medical lagged returns against current returns
Autocorrelation, which is Indraprastha Medical 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 Indraprastha Medical's stock expected returns. We can calculate the autocorrelation of Indraprastha Medical returns to help us make a trade decision. For example, suppose you find that Indraprastha Medical 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 |
Indraprastha Medical 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 Indraprastha Medical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Indraprastha Medical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Indraprastha Medical stock over time.
Current vs Lagged Prices |
| Timeline |
Indraprastha Medical Lagged Returns
When evaluating Indraprastha Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Indraprastha Medical stock have on its future price. Indraprastha Medical 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, Indraprastha Medical autocorrelation shows the relationship between Indraprastha Medical stock current value and its past values and can show if there is a momentum factor associated with investing in Indraprastha Medical.
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 Indraprastha Stock
Indraprastha Medical financial ratios help investors to determine whether Indraprastha 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 Indraprastha with respect to the benefits of owning Indraprastha Medical security.