Taj GVK (India) Market Value
| TAJGVK Stock | 345.25 3.20 0.94% |
| Symbol | Taj |
Taj GVK '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 Taj GVK'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 Taj GVK.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in Taj GVK on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding Taj GVK Hotels or generate 0.0% return on investment in Taj GVK over 360 days. Taj GVK is related to or competes with JGCHEMICALS, Krebs Biochemicals, KNR Constructions, Garuda Construction, Newgen Software, Chambal Fertilizers, and Privi Speciality. Taj GVK is entity of India. It is traded as Stock on NSE exchange. More
Taj GVK 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 Taj GVK'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 Taj GVK Hotels upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.94 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 11.81 | |||
| Value At Risk | (3.12) | |||
| Potential Upside | 4.51 |
Taj GVK Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Taj GVK's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Taj GVK's standard deviation. In reality, there are many statistical measures that can use Taj GVK historical prices to predict the future Taj GVK's volatility.| Risk Adjusted Performance | 0.0427 | |||
| Jensen Alpha | 0.0906 | |||
| Total Risk Alpha | (0.29) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 1.55 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Taj GVK'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.
Taj GVK Hotels Backtested Returns
At this point, Taj GVK is very steady. Taj GVK Hotels owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0559, which indicates the firm had a 0.0559% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Taj GVK Hotels, which you can use to evaluate the volatility of the company. Please validate Taj GVK's Coefficient Of Variation of 2121.67, semi deviation of 1.8, and Risk Adjusted Performance of 0.0427 to confirm if the risk estimate we provide is consistent with the expected return of 0.13%. Taj GVK has a performance score of 4 on a scale of 0 to 100. The entity has a beta of 0.0636, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Taj GVK's returns are expected to increase less than the market. However, during the bear market, the loss of holding Taj GVK is expected to be smaller as well. Taj GVK Hotels right now has a risk of 2.31%. Please validate Taj GVK semi variance, and the relationship between the treynor ratio and daily balance of power , to decide if Taj GVK will be following its existing price patterns.
Auto-correlation | -0.62 |
Very good reverse predictability
Taj GVK Hotels has very good reverse predictability. Overlapping area represents the amount of predictability between Taj GVK time series from 7th of December 2023 to 4th of June 2024 and 4th of June 2024 to 1st 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 Taj GVK Hotels price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current Taj GVK price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.62 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 209.53 |
Taj GVK Hotels lagged returns against current returns
Autocorrelation, which is Taj GVK 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 Taj GVK's stock expected returns. We can calculate the autocorrelation of Taj GVK returns to help us make a trade decision. For example, suppose you find that Taj GVK 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 |
Taj GVK 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 Taj GVK stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Taj GVK stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Taj GVK stock over time.
Current vs Lagged Prices |
| Timeline |
Taj GVK Lagged Returns
When evaluating Taj GVK's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Taj GVK stock have on its future price. Taj GVK 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, Taj GVK autocorrelation shows the relationship between Taj GVK stock current value and its past values and can show if there is a momentum factor associated with investing in Taj GVK Hotels.
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 Taj Stock
Taj GVK financial ratios help investors to determine whether Taj 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 Taj with respect to the benefits of owning Taj GVK security.