ROUTE MOBILE (India) Market Value
| ROUTE Stock | 980.10 20.35 2.03% |
| Symbol | ROUTE |
ROUTE MOBILE '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 ROUTE MOBILE'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 ROUTE MOBILE.
| 01/30/2025 |
| 03/01/2025 |
If you would invest 0.00 in ROUTE MOBILE on January 30, 2025 and sell it all today you would earn a total of 0.00 from holding ROUTE MOBILE LIMITED or generate 0.0% return on investment in ROUTE MOBILE over 30 days. ROUTE MOBILE is related to or competes with Heritage Foods, Univa Foods, Reliance Industrial, LT Foods, ADF Foods, and Rajnandini Metal. ROUTE MOBILE is entity of India. It is traded as Stock on NSE exchange. More
ROUTE MOBILE 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 ROUTE MOBILE'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 ROUTE MOBILE LIMITED upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.31) | |||
| Maximum Drawdown | 7.71 | |||
| Value At Risk | (3.76) | |||
| Potential Upside | 2.25 |
ROUTE MOBILE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ROUTE MOBILE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ROUTE MOBILE's standard deviation. In reality, there are many statistical measures that can use ROUTE MOBILE historical prices to predict the future ROUTE MOBILE's volatility.| Risk Adjusted Performance | (0.23) | |||
| Jensen Alpha | (0.58) | |||
| Total Risk Alpha | (0.54) | |||
| Treynor Ratio | (1.45) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ROUTE MOBILE'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.
ROUTE MOBILE LIMITED Backtested Returns
ROUTE MOBILE LIMITED maintains Sharpe Ratio (i.e., Efficiency) of -0.33, which implies the firm had a -0.33 % return per unit of standard deviation over the last 3 months. ROUTE MOBILE LIMITED exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check ROUTE MOBILE's Market Risk Adjusted Performance of (1.44), risk adjusted performance of (0.23), and Coefficient Of Variation of (313.66) to confirm the risk estimate we provide. The company holds a Beta of 0.41, which implies possible diversification benefits within a given portfolio. As returns on the market increase, ROUTE MOBILE's returns are expected to increase less than the market. However, during the bear market, the loss of holding ROUTE MOBILE is expected to be smaller as well. At this point, ROUTE MOBILE LIMITED has a negative expected return of -0.61%. Please make sure to check ROUTE MOBILE's value at risk, daily balance of power, as well as the relationship between the Daily Balance Of Power and price action indicator , to decide if ROUTE MOBILE LIMITED performance from the past will be repeated at some future point.
Auto-correlation | 0.84 |
Very good predictability
ROUTE MOBILE LIMITED has very good predictability. Overlapping area represents the amount of predictability between ROUTE MOBILE time series from 30th of January 2025 to 14th of February 2025 and 14th of February 2025 to 1st 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 ROUTE MOBILE LIMITED price movement. The serial correlation of 0.84 indicates that around 84.0% of current ROUTE MOBILE price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.84 | |
| Spearman Rank Test | 0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 660.95 |
ROUTE MOBILE LIMITED lagged returns against current returns
Autocorrelation, which is ROUTE MOBILE 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 ROUTE MOBILE's stock expected returns. We can calculate the autocorrelation of ROUTE MOBILE returns to help us make a trade decision. For example, suppose you find that ROUTE MOBILE 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 |
ROUTE MOBILE 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 ROUTE MOBILE stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ROUTE MOBILE stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ROUTE MOBILE stock over time.
Current vs Lagged Prices |
| Timeline |
ROUTE MOBILE Lagged Returns
When evaluating ROUTE MOBILE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ROUTE MOBILE stock have on its future price. ROUTE MOBILE 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, ROUTE MOBILE autocorrelation shows the relationship between ROUTE MOBILE stock current value and its past values and can show if there is a momentum factor associated with investing in ROUTE MOBILE 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 ROUTE Stock
ROUTE MOBILE financial ratios help investors to determine whether ROUTE 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 ROUTE with respect to the benefits of owning ROUTE MOBILE security.