Pritish Nandy (India) Market Value
| PNC Stock | 62.52 1.84 2.86% |
| Symbol | Pritish |
Pritish Nandy '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 Pritish Nandy'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 Pritish Nandy.
| 01/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in Pritish Nandy on January 9, 2023 and sell it all today you would earn a total of 0.00 from holding Pritish Nandy Communications or generate 0.0% return on investment in Pritish Nandy over 690 days. Pritish Nandy is related to or competes with KIOCL, Spentex Industries, ITI, Kingfa Science, GTL, Indo Amines, and Exide Industries. Pritish Nandy is entity of India. It is traded as Stock on NSE exchange. More
Pritish Nandy 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 Pritish Nandy'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 Pritish Nandy Communications upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 28.05 | |||
| Value At Risk | (7.50) | |||
| Potential Upside | 6.96 |
Pritish Nandy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pritish Nandy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pritish Nandy's standard deviation. In reality, there are many statistical measures that can use Pritish Nandy historical prices to predict the future Pritish Nandy's volatility.| Risk Adjusted Performance | 3.0E-4 | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.72) | |||
| Treynor Ratio | (0.07) |
Pritish Nandy Commun Backtested Returns
Pritish Nandy Commun maintains Sharpe Ratio (i.e., Efficiency) of -0.0028, which implies the firm had a -0.0028% return per unit of risk over the last 3 months. Pritish Nandy Commun exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pritish Nandy's Variance of 19.22, risk adjusted performance of 3.0E-4, and Coefficient Of Variation of (9,655) to confirm the risk estimate we provide. The company holds a Beta of 0.78, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Pritish Nandy's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pritish Nandy is expected to be smaller as well. At this point, Pritish Nandy Commun has a negative expected return of -0.0127%. Please make sure to check Pritish Nandy's potential upside, daily balance of power, and the relationship between the maximum drawdown and kurtosis , to decide if Pritish Nandy Commun performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.05 |
Very weak reverse predictability
Pritish Nandy Communications has very weak reverse predictability. Overlapping area represents the amount of predictability between Pritish Nandy time series from 9th of January 2023 to 20th of December 2023 and 20th 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 Pritish Nandy Commun price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current Pritish Nandy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 32.09 |
Pritish Nandy Commun lagged returns against current returns
Autocorrelation, which is Pritish Nandy 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 Pritish Nandy's stock expected returns. We can calculate the autocorrelation of Pritish Nandy returns to help us make a trade decision. For example, suppose you find that Pritish Nandy 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 |
Pritish Nandy 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 Pritish Nandy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pritish Nandy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pritish Nandy stock over time.
Current vs Lagged Prices |
| Timeline |
Pritish Nandy Lagged Returns
When evaluating Pritish Nandy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pritish Nandy stock have on its future price. Pritish Nandy 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, Pritish Nandy autocorrelation shows the relationship between Pritish Nandy stock current value and its past values and can show if there is a momentum factor associated with investing in Pritish Nandy Communications.
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 Pritish Stock
Pritish Nandy financial ratios help investors to determine whether Pritish 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 Pritish with respect to the benefits of owning Pritish Nandy security.