RITES (India) Market Value
| RITES Stock | 204.36 5.60 2.67% |
| Symbol | RITES |
RITES '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 RITES'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 RITES.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in RITES on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding RITES Limited or generate 0.0% return on investment in RITES over 90 days. RITES is related to or competes with Rainbow Childrens, Datamatics Global, Shyam Telecom, Embassy Office, Tera Software, Nucleus Software, and Tata Communications. RITES is entity of India. It is traded as Stock on NSE exchange. More
RITES 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 RITES'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 RITES Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 20.08 | |||
| Value At Risk | (3.90) | |||
| Potential Upside | 3.34 |
RITES Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for RITES's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as RITES's standard deviation. In reality, there are many statistical measures that can use RITES historical prices to predict the future RITES's volatility.| Risk Adjusted Performance | (0.16) | |||
| Jensen Alpha | (0.56) | |||
| Total Risk Alpha | (0.18) | |||
| Treynor Ratio | 1.53 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of RITES'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.
RITES Limited Backtested Returns
RITES Limited maintains Sharpe Ratio (i.e., Efficiency) of -0.21, which implies the firm had a -0.21 % return per unit of standard deviation over the last 3 months. RITES Limited exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check RITES's Coefficient Of Variation of (524.97), market risk adjusted performance of 1.54, and Risk Adjusted Performance of (0.16) to confirm the risk estimate we provide. The company holds a Beta of -0.34, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning RITES are expected to decrease at a much lower rate. During the bear market, RITES is likely to outperform the market. At this point, RITES Limited has a negative expected return of -0.58%. Please make sure to check RITES's maximum drawdown, daily balance of power, as well as the relationship between the Daily Balance Of Power and period momentum indicator , to decide if RITES Limited performance from the past will be repeated at future time.
Auto-correlation | 0.47 |
Average predictability
RITES Limited has average predictability. Overlapping area represents the amount of predictability between RITES time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 RITES Limited price movement. The serial correlation of 0.47 indicates that about 47.0% of current RITES price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 162.08 |
RITES Limited lagged returns against current returns
Autocorrelation, which is RITES 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 RITES's stock expected returns. We can calculate the autocorrelation of RITES returns to help us make a trade decision. For example, suppose you find that RITES 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 |
RITES 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 RITES stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if RITES stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in RITES stock over time.
Current vs Lagged Prices |
| Timeline |
RITES Lagged Returns
When evaluating RITES's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of RITES stock have on its future price. RITES 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, RITES autocorrelation shows the relationship between RITES stock current value and its past values and can show if there is a momentum factor associated with investing in RITES Limited.
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 RITES Stock
RITES financial ratios help investors to determine whether RITES 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 RITES with respect to the benefits of owning RITES security.