Touchwood Entertainment (India) Market Value
| TOUCHWOOD | 136.04 0.09 0.07% |
| Symbol | Touchwood |
Touchwood Entertainment '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 Touchwood Entertainment'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 Touchwood Entertainment.
| 12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in Touchwood Entertainment on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding Touchwood Entertainment Limited or generate 0.0% return on investment in Touchwood Entertainment over 360 days. Touchwood Entertainment is related to or competes with Royal Orchid, Lemon Tree, Chalet Hotels, Parag Milk, Patanjali Foods, SINCLAIRS HOTELS, and Viceroy Hotels. More
Touchwood Entertainment 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 Touchwood Entertainment'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 Touchwood Entertainment Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 10.0 | |||
| Value At Risk | (4.18) | |||
| Potential Upside | 4.74 |
Touchwood Entertainment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Touchwood Entertainment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Touchwood Entertainment's standard deviation. In reality, there are many statistical measures that can use Touchwood Entertainment historical prices to predict the future Touchwood Entertainment's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.28) | |||
| Total Risk Alpha | (0.61) | |||
| Treynor Ratio | (0.59) |
Touchwood Entertainment Backtested Returns
Touchwood Entertainment owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0873, which indicates the firm had a -0.0873% return per unit of risk over the last 3 months. Touchwood Entertainment Limited exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Touchwood Entertainment's Coefficient Of Variation of (1,146), variance of 6.51, and Risk Adjusted Performance of (0.06) to confirm the risk estimate we provide. The entity has a beta of 0.4, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Touchwood Entertainment's returns are expected to increase less than the market. However, during the bear market, the loss of holding Touchwood Entertainment is expected to be smaller as well. At this point, Touchwood Entertainment has a negative expected return of -0.22%. Please make sure to validate Touchwood Entertainment's value at risk, accumulation distribution, as well as the relationship between the Accumulation Distribution and day typical price , to decide if Touchwood Entertainment performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.14 |
Insignificant reverse predictability
Touchwood Entertainment Limited has insignificant reverse predictability. Overlapping area represents the amount of predictability between Touchwood Entertainment time series from 9th of December 2023 to 6th of June 2024 and 6th of June 2024 to 3rd 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 Touchwood Entertainment price movement. The serial correlation of -0.14 indicates that less than 14.0% of current Touchwood Entertainment price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 117.48 |
Touchwood Entertainment lagged returns against current returns
Autocorrelation, which is Touchwood Entertainment 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 Touchwood Entertainment's stock expected returns. We can calculate the autocorrelation of Touchwood Entertainment returns to help us make a trade decision. For example, suppose you find that Touchwood Entertainment 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 |
Touchwood Entertainment 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 Touchwood Entertainment stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Touchwood Entertainment stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Touchwood Entertainment stock over time.
Current vs Lagged Prices |
| Timeline |
Touchwood Entertainment Lagged Returns
When evaluating Touchwood Entertainment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Touchwood Entertainment stock have on its future price. Touchwood Entertainment 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, Touchwood Entertainment autocorrelation shows the relationship between Touchwood Entertainment stock current value and its past values and can show if there is a momentum factor associated with investing in Touchwood Entertainment 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.Other Information on Investing in Touchwood Stock
Touchwood Entertainment financial ratios help investors to determine whether Touchwood 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 Touchwood with respect to the benefits of owning Touchwood Entertainment security.