Heramba Electric Plc Stock Market Value
| PITA Stock | 0.31 0.04 11.43% |
| Symbol | Heramba |
Is Electrical Components & Equipment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Heramba Electric. If investors know Heramba will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Heramba Electric listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Heramba Electric plc is measured differently than its book value, which is the value of Heramba that is recorded on the company's balance sheet. Investors also form their own opinion of Heramba Electric's value that differs from its market value or its book value, called intrinsic value, which is Heramba Electric's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Heramba Electric's market value can be influenced by many factors that don't directly affect Heramba Electric's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Heramba Electric's value and its price as these two are different measures arrived at by different means. Investors typically determine if Heramba Electric is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Heramba Electric's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Heramba Electric '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 Heramba Electric'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 Heramba Electric.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Heramba Electric on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Heramba Electric plc or generate 0.0% return on investment in Heramba Electric over 90 days. Heramba Electric is related to or competes with Pebblebrook Hotel, Dow, Alto Ingredients, Boyd Gaming, Biglari Holdings, and Ryman Hospitality. More
Heramba Electric 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 Heramba Electric'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 Heramba Electric plc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 107.32 | |||
| Value At Risk | (14.29) | |||
| Potential Upside | 8.57 |
Heramba Electric Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Heramba Electric's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Heramba Electric's standard deviation. In reality, there are many statistical measures that can use Heramba Electric historical prices to predict the future Heramba Electric's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (1.17) | |||
| Total Risk Alpha | 0.5108 | |||
| Treynor Ratio | (1.16) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Heramba Electric'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.
Heramba Electric plc Backtested Returns
Heramba Electric plc holds Efficiency (Sharpe) Ratio of -0.0891, which attests that the entity had a -0.0891 % return per unit of risk over the last 3 months. Heramba Electric plc exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Heramba Electric's Market Risk Adjusted Performance of (1.15), risk adjusted performance of (0.07), and Standard Deviation of 14.4 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 1.12, which attests to a somewhat significant risk relative to the market. Heramba Electric returns are very sensitive to returns on the market. As the market goes up or down, Heramba Electric is expected to follow. At this point, Heramba Electric plc has a negative expected return of -1.28%. Please make sure to check out Heramba Electric's kurtosis, as well as the relationship between the day median price and period momentum indicator , to decide if Heramba Electric plc performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.28 |
Poor predictability
Heramba Electric plc has poor predictability. Overlapping area represents the amount of predictability between Heramba Electric time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 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 Heramba Electric plc price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current Heramba Electric price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Heramba Electric plc lagged returns against current returns
Autocorrelation, which is Heramba Electric 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 Heramba Electric's stock expected returns. We can calculate the autocorrelation of Heramba Electric returns to help us make a trade decision. For example, suppose you find that Heramba Electric 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 |
Heramba Electric 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 Heramba Electric stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Heramba Electric stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Heramba Electric stock over time.
Current vs Lagged Prices |
| Timeline |
Heramba Electric Lagged Returns
When evaluating Heramba Electric's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Heramba Electric stock have on its future price. Heramba Electric 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, Heramba Electric autocorrelation shows the relationship between Heramba Electric stock current value and its past values and can show if there is a momentum factor associated with investing in Heramba Electric plc.
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.When determining whether Heramba Electric plc is a strong investment it is important to analyze Heramba Electric's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Heramba Electric's future performance. For an informed investment choice regarding Heramba Stock, refer to the following important reports:Check out Heramba Electric Correlation, Heramba Electric Volatility and Heramba Electric Alpha and Beta module to complement your research on Heramba Electric. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Heramba Electric technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.