Prudent Corporate (India) Market Value
| PRUDENT Stock | 1,655 105.25 5.98% |
| Symbol | Prudent |
Prudent Corporate '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 Prudent Corporate'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 Prudent Corporate.
| 03/13/2023 |
| 03/02/2025 |
If you would invest 0.00 in Prudent Corporate on March 13, 2023 and sell it all today you would earn a total of 0.00 from holding Prudent Corporate Advisory or generate 0.0% return on investment in Prudent Corporate over 720 days. Prudent Corporate is related to or competes with Manaksia Coated, UTI Asset, Shivalik Bimetal, Osia Hyper, Hilton Metal, Sarthak Metals, and Industrial Investment. Prudent Corporate is entity of India. It is traded as Stock on NSE exchange. More
Prudent Corporate 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 Prudent Corporate'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 Prudent Corporate Advisory upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 23.69 | |||
| Value At Risk | (6.01) | |||
| Potential Upside | 5.23 |
Prudent Corporate Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Prudent Corporate's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Prudent Corporate's standard deviation. In reality, there are many statistical measures that can use Prudent Corporate historical prices to predict the future Prudent Corporate's volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (0.86) | |||
| Total Risk Alpha | (0.74) | |||
| Treynor Ratio | 3.79 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Prudent Corporate'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.
Prudent Corporate Backtested Returns
Prudent Corporate maintains Sharpe Ratio (i.e., Efficiency) of -0.22, which implies the firm had a -0.22 % return per unit of risk over the last 3 months. Prudent Corporate exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Prudent Corporate's Variance of 14.92, risk adjusted performance of (0.15), and Coefficient Of Variation of (455.46) to confirm the risk estimate we provide. The company holds a Beta of -0.23, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Prudent Corporate are expected to decrease at a much lower rate. During the bear market, Prudent Corporate is likely to outperform the market. At this point, Prudent Corporate has a negative expected return of -0.88%. Please make sure to check Prudent Corporate's value at risk, accumulation distribution, as well as the relationship between the Accumulation Distribution and day typical price , to decide if Prudent Corporate performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.78 |
Good predictability
Prudent Corporate Advisory has good predictability. Overlapping area represents the amount of predictability between Prudent Corporate time series from 13th of March 2023 to 7th of March 2024 and 7th of March 2024 to 2nd 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 Prudent Corporate price movement. The serial correlation of 0.78 indicates that around 78.0% of current Prudent Corporate price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 303.4 K |
Prudent Corporate lagged returns against current returns
Autocorrelation, which is Prudent Corporate 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 Prudent Corporate's stock expected returns. We can calculate the autocorrelation of Prudent Corporate returns to help us make a trade decision. For example, suppose you find that Prudent Corporate 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 |
Prudent Corporate 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 Prudent Corporate stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Prudent Corporate stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Prudent Corporate stock over time.
Current vs Lagged Prices |
| Timeline |
Prudent Corporate Lagged Returns
When evaluating Prudent Corporate's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Prudent Corporate stock have on its future price. Prudent Corporate 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, Prudent Corporate autocorrelation shows the relationship between Prudent Corporate stock current value and its past values and can show if there is a momentum factor associated with investing in Prudent Corporate Advisory.
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 Prudent Stock Analysis
When running Prudent Corporate's price analysis, check to measure Prudent Corporate's 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 Prudent Corporate is operating at the current time. Most of Prudent Corporate's value examination focuses on studying past and present price action to predict the probability of Prudent Corporate's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Prudent Corporate's price. Additionally, you may evaluate how the addition of Prudent Corporate to your portfolios can decrease your overall portfolio volatility.