Tarapur Transformers (India) Market Value
| TARAPUR Stock | 45.49 0.93 2.00% |
| Symbol | Tarapur |
Tarapur Transformers '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 Tarapur Transformers' 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 Tarapur Transformers.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in Tarapur Transformers on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding Tarapur Transformers Limited or generate 0.0% return on investment in Tarapur Transformers over 30 days. Tarapur Transformers is related to or competes with Reliance Industries, State Bank, HDFC Bank, Oil Natural, Coal India, and Tata Consultancy. Tarapur Transformers is entity of India. It is traded as Stock on NSE exchange. More
Tarapur Transformers 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 Tarapur Transformers' 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 Tarapur Transformers Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.06 | |||
| Information Ratio | 0.3702 | |||
| Maximum Drawdown | 7.02 | |||
| Value At Risk | (2.04) | |||
| Potential Upside | 4.98 |
Tarapur Transformers Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tarapur Transformers' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tarapur Transformers' standard deviation. In reality, there are many statistical measures that can use Tarapur Transformers historical prices to predict the future Tarapur Transformers' volatility.| Risk Adjusted Performance | 0.3097 | |||
| Jensen Alpha | 1.03 | |||
| Total Risk Alpha | 0.9556 | |||
| Sortino Ratio | 0.4897 | |||
| Treynor Ratio | (11.14) |
Tarapur Transformers Backtested Returns
Tarapur Transformers is very steady given 3 months investment horizon. Tarapur Transformers owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.44, which indicates the firm had a 0.44% return per unit of risk over the last 3 months. We were able to interpolate data for twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.17% are justified by taking the suggested risk. Use Tarapur Transformers Risk Adjusted Performance of 0.3097, semi deviation of 1.64, and Coefficient Of Variation of 261.79 to evaluate company specific risk that cannot be diversified away. Tarapur Transformers holds a performance score of 34 on a scale of zero to a hundred. The entity has a beta of -0.0926, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Tarapur Transformers are expected to decrease at a much lower rate. During the bear market, Tarapur Transformers is likely to outperform the market. Use Tarapur Transformers potential upside, as well as the relationship between the kurtosis and price action indicator , to analyze future returns on Tarapur Transformers.
Auto-correlation | 0.24 |
Weak predictability
Tarapur Transformers Limited has weak predictability. Overlapping area represents the amount of predictability between Tarapur Transformers time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 2024 to 22nd 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 Tarapur Transformers price movement. The serial correlation of 0.24 indicates that over 24.0% of current Tarapur Transformers price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | 0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 3.11 |
Tarapur Transformers lagged returns against current returns
Autocorrelation, which is Tarapur Transformers 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 Tarapur Transformers' stock expected returns. We can calculate the autocorrelation of Tarapur Transformers returns to help us make a trade decision. For example, suppose you find that Tarapur Transformers 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 |
Tarapur Transformers 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 Tarapur Transformers stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tarapur Transformers stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tarapur Transformers stock over time.
Current vs Lagged Prices |
| Timeline |
Tarapur Transformers Lagged Returns
When evaluating Tarapur Transformers' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tarapur Transformers stock have on its future price. Tarapur Transformers 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, Tarapur Transformers autocorrelation shows the relationship between Tarapur Transformers stock current value and its past values and can show if there is a momentum factor associated with investing in Tarapur Transformers 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.Additional Tools for Tarapur Stock Analysis
When running Tarapur Transformers' price analysis, check to measure Tarapur Transformers' 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 Tarapur Transformers is operating at the current time. Most of Tarapur Transformers' value examination focuses on studying past and present price action to predict the probability of Tarapur Transformers' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tarapur Transformers' price. Additionally, you may evaluate how the addition of Tarapur Transformers to your portfolios can decrease your overall portfolio volatility.