Transport (India) Market Value
| TCI Stock | 1,069 1.20 0.11% |
| Symbol | Transport |
Transport '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 Transport'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 Transport.
| 09/02/2024 |
| 12/01/2024 |
If you would invest 0.00 in Transport on September 2, 2024 and sell it all today you would earn a total of 0.00 from holding Transport of or generate 0.0% return on investment in Transport over 90 days. Transport is related to or competes with Reliance Industries, State Bank, Oil Natural, and ICICI Bank. Transport is entity of India. It is traded as Stock on NSE exchange. More
Transport 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 Transport'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 Transport of upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.05 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 13.03 | |||
| Value At Risk | (3.32) | |||
| Potential Upside | 3.62 |
Transport Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Transport's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Transport's standard deviation. In reality, there are many statistical measures that can use Transport historical prices to predict the future Transport's volatility.| Risk Adjusted Performance | 0.0108 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.38) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.026 |
Transport Backtested Returns
At this point, Transport is very steady. Transport owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0018, which indicates the firm had a 0.0018% return per unit of risk over the last 3 months. We have found thirty technical indicators for Transport of, which you can use to evaluate the volatility of the company. Please validate Transport's Risk Adjusted Performance of 0.0108, semi deviation of 1.96, and Coefficient Of Variation of 18503.05 to confirm if the risk estimate we provide is consistent with the expected return of 0.0042%. The entity has a beta of 0.0942, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Transport's returns are expected to increase less than the market. However, during the bear market, the loss of holding Transport is expected to be smaller as well. Transport right now has a risk of 2.34%. Please validate Transport maximum drawdown, skewness, and the relationship between the total risk alpha and downside variance , to decide if Transport will be following its existing price patterns.
Auto-correlation | 0.15 |
Insignificant predictability
Transport of has insignificant predictability. Overlapping area represents the amount of predictability between Transport time series from 2nd of September 2024 to 17th of October 2024 and 17th of October 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 Transport price movement. The serial correlation of 0.15 indicates that less than 15.0% of current Transport price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 3507.74 |
Transport lagged returns against current returns
Autocorrelation, which is Transport 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 Transport's stock expected returns. We can calculate the autocorrelation of Transport returns to help us make a trade decision. For example, suppose you find that Transport 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 |
Transport 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 Transport stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Transport stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Transport stock over time.
Current vs Lagged Prices |
| Timeline |
Transport Lagged Returns
When evaluating Transport's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Transport stock have on its future price. Transport 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, Transport autocorrelation shows the relationship between Transport stock current value and its past values and can show if there is a momentum factor associated with investing in Transport of.
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 Transport Stock
Transport financial ratios help investors to determine whether Transport 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 Transport with respect to the benefits of owning Transport security.