Saksoft (India) Market Value
| SAKSOFT Stock | 218.46 0.74 0.34% |
| Symbol | Saksoft |
Saksoft '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 Saksoft'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 Saksoft.
| 01/04/2023 |
| 12/24/2024 |
If you would invest 0.00 in Saksoft on January 4, 2023 and sell it all today you would earn a total of 0.00 from holding Saksoft Limited or generate 0.0% return on investment in Saksoft over 720 days. Saksoft is related to or competes with State Bank, Life Insurance, HDFC Bank, ICICI Bank, and Reliance Industries. Saksoft is entity of India. It is traded as Stock on NSE exchange. More
Saksoft 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 Saksoft'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 Saksoft Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 12.21 | |||
| Value At Risk | (5.04) | |||
| Potential Upside | 3.91 |
Saksoft Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Saksoft's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Saksoft's standard deviation. In reality, there are many statistical measures that can use Saksoft historical prices to predict the future Saksoft's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.45) | |||
| Total Risk Alpha | (0.51) | |||
| Treynor Ratio | (0.62) |
Saksoft Limited Backtested Returns
Saksoft Limited owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.12, which indicates the firm had a -0.12% return per unit of risk over the last 3 months. Saksoft Limited exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Saksoft's Coefficient Of Variation of (602.40), risk adjusted performance of (0.12), and Variance of 6.54 to confirm the risk estimate we provide. The entity has a beta of 0.7, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Saksoft's returns are expected to increase less than the market. However, during the bear market, the loss of holding Saksoft is expected to be smaller as well. At this point, Saksoft Limited has a negative expected return of -0.31%. Please make sure to validate Saksoft's total risk alpha, skewness, as well as the relationship between the Skewness and day median price , to decide if Saksoft Limited performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.19 |
Very weak predictability
Saksoft Limited has very weak predictability. Overlapping area represents the amount of predictability between Saksoft time series from 4th of January 2023 to 30th of December 2023 and 30th of December 2023 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 Saksoft Limited price movement. The serial correlation of 0.19 indicates that over 19.0% of current Saksoft price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 432.31 |
Saksoft Limited lagged returns against current returns
Autocorrelation, which is Saksoft 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 Saksoft's stock expected returns. We can calculate the autocorrelation of Saksoft returns to help us make a trade decision. For example, suppose you find that Saksoft 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 |
Saksoft 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 Saksoft stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Saksoft stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Saksoft stock over time.
Current vs Lagged Prices |
| Timeline |
Saksoft Lagged Returns
When evaluating Saksoft's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Saksoft stock have on its future price. Saksoft 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, Saksoft autocorrelation shows the relationship between Saksoft stock current value and its past values and can show if there is a momentum factor associated with investing in Saksoft Limited.
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 Saksoft Stock Analysis
When running Saksoft's price analysis, check to measure Saksoft'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 Saksoft is operating at the current time. Most of Saksoft's value examination focuses on studying past and present price action to predict the probability of Saksoft's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Saksoft's price. Additionally, you may evaluate how the addition of Saksoft to your portfolios can decrease your overall portfolio volatility.