Spencers Retail (India) Market Value
| SPENCERS | 85.57 0.12 0.14% |
| Symbol | Spencers |
Spencers Retail '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 Spencers Retail'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 Spencers Retail.
| 06/02/2024 |
| 11/29/2024 |
If you would invest 0.00 in Spencers Retail on June 2, 2024 and sell it all today you would earn a total of 0.00 from holding Spencers Retail Limited or generate 0.0% return on investment in Spencers Retail over 180 days. Spencers Retail is related to or competes with Rajnandini Metal, Hisar Metal, Ratnamani Metals, Sonata Software, Aban Offshore, Madhav Copper, and Indian Card. Spencers Retail is entity of India. It is traded as Stock on NSE exchange. More
Spencers Retail 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 Spencers Retail'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 Spencers Retail Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 17.19 | |||
| Value At Risk | (4.64) | |||
| Potential Upside | 3.43 |
Spencers Retail Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Spencers Retail's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Spencers Retail's standard deviation. In reality, there are many statistical measures that can use Spencers Retail historical prices to predict the future Spencers Retail's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.43) | |||
| Total Risk Alpha | (0.81) | |||
| Treynor Ratio | (0.72) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Spencers Retail'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.
Spencers Retail Backtested Returns
Spencers Retail owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0755, which indicates the firm had a -0.0755% return per unit of risk over the last 3 months. Spencers Retail Limited exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Spencers Retail's Risk Adjusted Performance of (0.09), variance of 8.51, and Coefficient Of Variation of (813.56) to confirm the risk estimate we provide. The entity has a beta of 0.52, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Spencers Retail's returns are expected to increase less than the market. However, during the bear market, the loss of holding Spencers Retail is expected to be smaller as well. At this point, Spencers Retail has a negative expected return of -0.22%. Please make sure to validate Spencers Retail's total risk alpha, kurtosis, price action indicator, as well as the relationship between the value at risk and rate of daily change , to decide if Spencers Retail performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.39 |
Poor reverse predictability
Spencers Retail Limited has poor reverse predictability. Overlapping area represents the amount of predictability between Spencers Retail time series from 2nd of June 2024 to 31st of August 2024 and 31st of August 2024 to 29th of November 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 Spencers Retail price movement. The serial correlation of -0.39 indicates that just about 39.0% of current Spencers Retail price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 61.99 |
Spencers Retail lagged returns against current returns
Autocorrelation, which is Spencers Retail 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 Spencers Retail's stock expected returns. We can calculate the autocorrelation of Spencers Retail returns to help us make a trade decision. For example, suppose you find that Spencers Retail 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 |
Spencers Retail 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 Spencers Retail stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Spencers Retail stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Spencers Retail stock over time.
Current vs Lagged Prices |
| Timeline |
Spencers Retail Lagged Returns
When evaluating Spencers Retail's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Spencers Retail stock have on its future price. Spencers Retail 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, Spencers Retail autocorrelation shows the relationship between Spencers Retail stock current value and its past values and can show if there is a momentum factor associated with investing in Spencers Retail 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 Spencers Stock Analysis
When running Spencers Retail's price analysis, check to measure Spencers Retail'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 Spencers Retail is operating at the current time. Most of Spencers Retail's value examination focuses on studying past and present price action to predict the probability of Spencers Retail's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Spencers Retail's price. Additionally, you may evaluate how the addition of Spencers Retail to your portfolios can decrease your overall portfolio volatility.