Power Mech (India) Market Value
| POWERMECH | 2,557 4.80 0.19% |
| Symbol | Power |
Power Mech '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 Power Mech'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 Power Mech.
| 11/24/2024 |
| 12/24/2024 |
If you would invest 0.00 in Power Mech on November 24, 2024 and sell it all today you would earn a total of 0.00 from holding Power Mech Projects or generate 0.0% return on investment in Power Mech over 30 days. Power Mech is related to or competes with MRF, JSW Holdings, Maharashtra Scooters, Nalwa Sons, Kalyani Investment, Pilani Investment, and Vardhman Holdings. More
Power Mech 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 Power Mech'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 Power Mech Projects upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 11.21 | |||
| Value At Risk | (4.11) | |||
| Potential Upside | 3.8 |
Power Mech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Power Mech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Power Mech's standard deviation. In reality, there are many statistical measures that can use Power Mech historical prices to predict the future Power Mech's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.33) | |||
| Total Risk Alpha | (0.40) | |||
| Treynor Ratio | (0.77) |
Power Mech Projects Backtested Returns
Power Mech Projects maintains Sharpe Ratio (i.e., Efficiency) of -0.15, which implies the firm had a -0.15% return per unit of risk over the last 3 months. Power Mech Projects exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Power Mech's Variance of 6.07, risk adjusted performance of (0.09), and Coefficient Of Variation of (782.99) to confirm the risk estimate we provide. The company holds a Beta of 0.42, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Power Mech's returns are expected to increase less than the market. However, during the bear market, the loss of holding Power Mech is expected to be smaller as well. At this point, Power Mech Projects has a negative expected return of -0.39%. Please make sure to check Power Mech's potential upside, rate of daily change, as well as the relationship between the Rate Of Daily Change and period momentum indicator , to decide if Power Mech Projects performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.38 |
Poor reverse predictability
Power Mech Projects has poor reverse predictability. Overlapping area represents the amount of predictability between Power Mech time series from 24th of November 2024 to 9th of December 2024 and 9th of December 2024 to 24th 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 Power Mech Projects price movement. The serial correlation of -0.38 indicates that just about 38.0% of current Power Mech price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.38 | |
| Spearman Rank Test | -0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 7515.44 |
Power Mech Projects lagged returns against current returns
Autocorrelation, which is Power Mech 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 Power Mech's stock expected returns. We can calculate the autocorrelation of Power Mech returns to help us make a trade decision. For example, suppose you find that Power Mech 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 |
Power Mech 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 Power Mech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Power Mech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Power Mech stock over time.
Current vs Lagged Prices |
| Timeline |
Power Mech Lagged Returns
When evaluating Power Mech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Power Mech stock have on its future price. Power Mech 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, Power Mech autocorrelation shows the relationship between Power Mech stock current value and its past values and can show if there is a momentum factor associated with investing in Power Mech Projects.
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 Power Stock
Power Mech financial ratios help investors to determine whether Power 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 Power with respect to the benefits of owning Power Mech security.