Innova Captab (India) Market Value
| INNOVACAP | 1,056 80.80 8.28% |
| Symbol | Innova |
Innova Captab '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 Innova Captab'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 Innova Captab.
| 11/27/2024 |
| 12/27/2024 |
If you would invest 0.00 in Innova Captab on November 27, 2024 and sell it all today you would earn a total of 0.00 from holding Innova Captab Limited or generate 0.0% return on investment in Innova Captab over 30 days. Innova Captab is related to or competes with Reliance Industries, Tata Consultancy, HDFC Bank, and Bharti Airtel. Innova Captab is entity of India. It is traded as Stock on NSE exchange. More
Innova Captab 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 Innova Captab'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 Innova Captab Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.56 | |||
| Information Ratio | 0.0951 | |||
| Maximum Drawdown | 16.62 | |||
| Value At Risk | (3.79) | |||
| Potential Upside | 5.03 |
Innova Captab Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Innova Captab's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Innova Captab's standard deviation. In reality, there are many statistical measures that can use Innova Captab historical prices to predict the future Innova Captab's volatility.| Risk Adjusted Performance | 0.0962 | |||
| Jensen Alpha | 0.3254 | |||
| Total Risk Alpha | 0.1747 | |||
| Sortino Ratio | 0.1203 | |||
| Treynor Ratio | 0.5967 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Innova Captab's 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.
Innova Captab Limited Backtested Returns
Innova Captab appears to be very steady, given 3 months investment horizon. Innova Captab Limited holds Efficiency (Sharpe) Ratio of 0.16, which attests that the entity had a 0.16% return per unit of risk over the last 3 months. By evaluating Innova Captab's technical indicators, you can evaluate if the expected return of 0.57% is justified by implied risk. Please utilize Innova Captab's Market Risk Adjusted Performance of 0.6067, risk adjusted performance of 0.0962, and Downside Deviation of 2.56 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Innova Captab holds a performance score of 12. The company retains a Market Volatility (i.e., Beta) of 0.59, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Innova Captab's returns are expected to increase less than the market. However, during the bear market, the loss of holding Innova Captab is expected to be smaller as well. Please check Innova Captab's maximum drawdown, as well as the relationship between the skewness and day typical price , to make a quick decision on whether Innova Captab's current trending patterns will revert.
Auto-correlation | -0.38 |
Poor reverse predictability
Innova Captab Limited has poor reverse predictability. Overlapping area represents the amount of predictability between Innova Captab 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 Innova Captab Limited price movement. The serial correlation of -0.38 indicates that just about 38.0% of current Innova Captab price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.38 | |
| Spearman Rank Test | -0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 774.51 |
Innova Captab Limited lagged returns against current returns
Autocorrelation, which is Innova Captab 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 Innova Captab's stock expected returns. We can calculate the autocorrelation of Innova Captab returns to help us make a trade decision. For example, suppose you find that Innova Captab 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 |
Innova Captab 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 Innova Captab stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Innova Captab stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Innova Captab stock over time.
Current vs Lagged Prices |
| Timeline |
Innova Captab Lagged Returns
When evaluating Innova Captab's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Innova Captab stock have on its future price. Innova Captab 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, Innova Captab autocorrelation shows the relationship between Innova Captab stock current value and its past values and can show if there is a momentum factor associated with investing in Innova Captab 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 Innova Stock
Innova Captab financial ratios help investors to determine whether Innova 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 Innova with respect to the benefits of owning Innova Captab security.