Palred Technologies (India) Market Value
| PALREDTEC | 93.84 1.93 2.10% |
| Symbol | Palred |
Palred Technologies '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 Palred Technologies' 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 Palred Technologies.
| 12/10/2022 |
| 11/29/2024 |
If you would invest 0.00 in Palred Technologies on December 10, 2022 and sell it all today you would earn a total of 0.00 from holding Palred Technologies Limited or generate 0.0% return on investment in Palred Technologies over 720 days. Palred Technologies is related to or competes with Tata Consultancy, Reliance Industries, SIS, Wipro, and State Bank. Palred Technologies is entity of India. It is traded as Stock on NSE exchange. More
Palred Technologies 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 Palred Technologies' 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 Palred Technologies Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.15 | |||
| Information Ratio | (0.0009) | |||
| Maximum Drawdown | 27.4 | |||
| Value At Risk | (5.11) | |||
| Potential Upside | 6.08 |
Palred Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Palred Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Palred Technologies' standard deviation. In reality, there are many statistical measures that can use Palred Technologies historical prices to predict the future Palred Technologies' volatility.| Risk Adjusted Performance | 0.0286 | |||
| Jensen Alpha | 0.1269 | |||
| Total Risk Alpha | (0.58) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | (0.82) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Palred Technologies' 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.
Palred Technologies Backtested Returns
Currently, Palred Technologies Limited is very steady. Palred Technologies maintains Sharpe Ratio (i.e., Efficiency) of 0.0068, which implies the firm had a 0.0068% return per unit of risk over the last 3 months. We have found thirty technical indicators for Palred Technologies, which you can use to evaluate the volatility of the company. Please check Palred Technologies' Coefficient Of Variation of 3772.63, semi deviation of 2.96, and Risk Adjusted Performance of 0.0286 to confirm if the risk estimate we provide is consistent with the expected return of 0.0319%. The company holds a Beta of -0.13, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Palred Technologies are expected to decrease at a much lower rate. During the bear market, Palred Technologies is likely to outperform the market. Palred Technologies right now holds a risk of 4.71%. Please check Palred Technologies treynor ratio, kurtosis, period momentum indicator, as well as the relationship between the downside variance and day median price , to decide if Palred Technologies will be following its historical price patterns.
Auto-correlation | 0.34 |
Below average predictability
Palred Technologies Limited has below average predictability. Overlapping area represents the amount of predictability between Palred Technologies time series from 10th of December 2022 to 5th of December 2023 and 5th of December 2023 to 29th of November 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 Palred Technologies price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current Palred Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 1299.79 |
Palred Technologies lagged returns against current returns
Autocorrelation, which is Palred Technologies 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 Palred Technologies' stock expected returns. We can calculate the autocorrelation of Palred Technologies returns to help us make a trade decision. For example, suppose you find that Palred Technologies 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 |
Palred Technologies 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 Palred Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Palred Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Palred Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Palred Technologies Lagged Returns
When evaluating Palred Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Palred Technologies stock have on its future price. Palred Technologies 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, Palred Technologies autocorrelation shows the relationship between Palred Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Palred Technologies Limited.
Regressed Prices |
| Timeline |
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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.Additional Tools for Palred Stock Analysis
When running Palred Technologies' price analysis, check to measure Palred Technologies' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Palred Technologies is operating at the current time. Most of Palred Technologies' value examination focuses on studying past and present price action to predict the probability of Palred Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Palred Technologies' price. Additionally, you may evaluate how the addition of Palred Technologies to your portfolios can decrease your overall portfolio volatility.