Kamdhenu (India) Market Value
| KAMDHENU | 43.05 0.25 0.58% |
| Symbol | Kamdhenu |
Kamdhenu '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 Kamdhenu'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 Kamdhenu.
| 12/24/2024 |
| 01/23/2025 |
If you would invest 0.00 in Kamdhenu on December 24, 2024 and sell it all today you would earn a total of 0.00 from holding Kamdhenu Limited or generate 0.0% return on investment in Kamdhenu over 30 days. Kamdhenu is related to or competes with NMDC, Steel Authority, Embassy Office, Jai Balaji, Gujarat Narmada, Gujarat Alkalies, and Indian Metals. Kamdhenu is entity of India. It is traded as Stock on NSE exchange. More
Kamdhenu 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 Kamdhenu'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 Kamdhenu Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 16.8 | |||
| Information Ratio | 0.1231 | |||
| Maximum Drawdown | 2089864.15 | |||
| Value At Risk | (7.04) | |||
| Potential Upside | 8.76 |
Kamdhenu Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kamdhenu's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kamdhenu's standard deviation. In reality, there are many statistical measures that can use Kamdhenu historical prices to predict the future Kamdhenu's volatility.| Risk Adjusted Performance | 0.1138 | |||
| Jensen Alpha | 31847.64 | |||
| Total Risk Alpha | 23941.71 | |||
| Sortino Ratio | 1884.61 | |||
| Treynor Ratio | (4.30) |
Kamdhenu Limited Backtested Returns
Kamdhenu is out of control given 3 months investment horizon. Kamdhenu Limited has Sharpe Ratio of 0.11, which conveys that the firm had a 0.11 % return per unit of risk over the last 3 months. We were able to analyze and collect data for twenty-seven different technical indicators, which can help you to evaluate if expected returns of 14.59% are justified by taking the suggested risk. Use Kamdhenu Limited Mean Deviation of 62366.75, coefficient of variation of 812.45, and Risk Adjusted Performance of 0.1138 to evaluate company specific risk that cannot be diversified away. Kamdhenu holds a performance score of 8 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of -7356.35, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Kamdhenu are expected to decrease by larger amounts. On the other hand, during market turmoil, Kamdhenu is expected to outperform it. Use Kamdhenu Limited semi variance, rate of daily change, and the relationship between the value at risk and kurtosis , to analyze future returns on Kamdhenu Limited.
Auto-correlation | -0.08 |
Very weak reverse predictability
Kamdhenu Limited has very weak reverse predictability. Overlapping area represents the amount of predictability between Kamdhenu time series from 24th of December 2024 to 8th of January 2025 and 8th of January 2025 to 23rd of January 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 Kamdhenu Limited price movement. The serial correlation of -0.08 indicates that barely 8.0% of current Kamdhenu price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 6.35 |
Kamdhenu Limited lagged returns against current returns
Autocorrelation, which is Kamdhenu 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 Kamdhenu's stock expected returns. We can calculate the autocorrelation of Kamdhenu returns to help us make a trade decision. For example, suppose you find that Kamdhenu 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 |
Kamdhenu 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 Kamdhenu stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kamdhenu stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kamdhenu stock over time.
Current vs Lagged Prices |
| Timeline |
Kamdhenu Lagged Returns
When evaluating Kamdhenu's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kamdhenu stock have on its future price. Kamdhenu 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, Kamdhenu autocorrelation shows the relationship between Kamdhenu stock current value and its past values and can show if there is a momentum factor associated with investing in Kamdhenu 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 Kamdhenu Stock
Kamdhenu financial ratios help investors to determine whether Kamdhenu 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 Kamdhenu with respect to the benefits of owning Kamdhenu security.