Western India's market value is the price at which a share of Western India trades on a public exchange. It measures the collective expectations of The Western India investors about its performance. Western India is selling for under 239.18 as of the 5th of January 2025; that is 2.37 percent decrease since the beginning of the trading day. The stock's lowest day price was 238.0. With this module, you can estimate the performance of a buy and hold strategy of The Western India and determine expected loss or profit from investing in Western India over a given investment horizon. Check out Western India Correlation, Western India Volatility and Western India Alpha and Beta module to complement your research on Western India.
Please note, there is a significant difference between Western India's value and its price as these two are different measures arrived at by different means. Investors typically determine if Western India is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Western India's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Western India '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 Western India'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 Western India.
0.00
12/06/2024
No Change 0.00
0.0
In 31 days
01/05/2025
0.00
If you would invest 0.00 in Western India on December 6, 2024 and sell it all today you would earn a total of 0.00 from holding The Western India or generate 0.0% return on investment in Western India over 30 days. Western India is related to or competes with Tera Software, Hisar Metal, Nucleus Software, Total Transport, Sintex Plastics, California Software, and Manaksia Coated. Western India is entity of India. It is traded as Stock on NSE exchange. More
Western India 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 Western India'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 The Western India upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Western India's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Western India's standard deviation. In reality, there are many statistical measures that can use Western India historical prices to predict the future Western India's volatility.
Western India appears to be very steady, given 3 months investment horizon. Western India shows Sharpe Ratio of 0.14, which attests that the company had a 0.14% return per unit of risk over the last 3 months. We have found thirty technical indicators for Western India, which you can use to evaluate the volatility of the company. Please utilize Western India's Mean Deviation of 1.93, market risk adjusted performance of (0.52), and Downside Deviation of 2.71 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Western India holds a performance score of 11. The firm maintains a market beta of -0.56, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Western India are expected to decrease at a much lower rate. During the bear market, Western India is likely to outperform the market. Please check Western India's coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the standard deviation and total risk alpha , to make a quick decision on whether Western India's historical returns will revert.
Auto-correlation
-0.62
Very good reverse predictability
The Western India has very good reverse predictability. Overlapping area represents the amount of predictability between Western India time series from 6th of December 2024 to 21st of December 2024 and 21st of December 2024 to 5th of January 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 Western India price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current Western India price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.62
Spearman Rank Test
-0.78
Residual Average
0.0
Price Variance
11.82
Western India lagged returns against current returns
Autocorrelation, which is Western India 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 Western India's stock expected returns. We can calculate the autocorrelation of Western India returns to help us make a trade decision. For example, suppose you find that Western India 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
Western India 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 Western India stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Western India stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Western India stock over time.
Current vs Lagged Prices
Timeline
Western India Lagged Returns
When evaluating Western India's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Western India stock have on its future price. Western India 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, Western India autocorrelation shows the relationship between Western India stock current value and its past values and can show if there is a momentum factor associated with investing in The Western India.
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.
When running Western India's price analysis, check to measure Western India's 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 Western India is operating at the current time. Most of Western India's value examination focuses on studying past and present price action to predict the probability of Western India's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Western India's price. Additionally, you may evaluate how the addition of Western India to your portfolios can decrease your overall portfolio volatility.