Waaree Energies (India) Market Value
| WAAREEENER | 2,125 7.70 0.36% |
| Symbol | Waaree |
Waaree Energies '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 Waaree Energies' 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 Waaree Energies.
| 12/14/2024 |
| 03/14/2025 |
If you would invest 0.00 in Waaree Energies on December 14, 2024 and sell it all today you would earn a total of 0.00 from holding Waaree Energies Limited or generate 0.0% return on investment in Waaree Energies over 90 days. Waaree Energies is related to or competes with Vishnu Chemicals, Alkyl Amines, Hi Tech, Tata Communications, and Pritish Nandy. Waaree Energies is entity of India. It is traded as Stock on NSE exchange. More
Waaree Energies 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 Waaree Energies' 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 Waaree Energies Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 14.79 | |||
| Value At Risk | (4.50) | |||
| Potential Upside | 5.47 |
Waaree Energies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Waaree Energies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Waaree Energies' standard deviation. In reality, there are many statistical measures that can use Waaree Energies historical prices to predict the future Waaree Energies' volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.43) | |||
| Total Risk Alpha | 0.0181 | |||
| Treynor Ratio | (3.45) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Waaree Energies' 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.
Waaree Energies Backtested Returns
Waaree Energies shows Sharpe Ratio of -0.2, which attests that the company had a -0.2 % return per unit of risk over the last 3 months. Waaree Energies exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Waaree Energies' Standard Deviation of 3.02, mean deviation of 2.27, and Market Risk Adjusted Performance of (3.44) to validate the risk estimate we provide. The firm maintains a market beta of 0.13, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Waaree Energies' returns are expected to increase less than the market. However, during the bear market, the loss of holding Waaree Energies is expected to be smaller as well. At this point, Waaree Energies has a negative expected return of -0.59%. Please make sure to check out Waaree Energies' potential upside, and the relationship between the total risk alpha and daily balance of power , to decide if Waaree Energies performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.26 |
Poor predictability
Waaree Energies Limited has poor predictability. Overlapping area represents the amount of predictability between Waaree Energies time series from 14th of December 2024 to 28th of January 2025 and 28th of January 2025 to 14th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Waaree Energies price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current Waaree Energies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | 0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 6798.19 |
Waaree Energies lagged returns against current returns
Autocorrelation, which is Waaree Energies 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 Waaree Energies' stock expected returns. We can calculate the autocorrelation of Waaree Energies returns to help us make a trade decision. For example, suppose you find that Waaree Energies 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 |
Waaree Energies 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 Waaree Energies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Waaree Energies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Waaree Energies stock over time.
Current vs Lagged Prices |
| Timeline |
Waaree Energies Lagged Returns
When evaluating Waaree Energies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Waaree Energies stock have on its future price. Waaree Energies 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, Waaree Energies autocorrelation shows the relationship between Waaree Energies stock current value and its past values and can show if there is a momentum factor associated with investing in Waaree Energies 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 Waaree Stock
Waaree Energies financial ratios help investors to determine whether Waaree 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 Waaree with respect to the benefits of owning Waaree Energies security.