Aakash Exploration (India) Market Value
| AAKASH Stock | 10.17 0.12 1.17% |
| Symbol | Aakash |
Aakash Exploration '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 Aakash Exploration'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 Aakash Exploration.
| 04/21/2025 |
| 07/20/2025 |
If you would invest 0.00 in Aakash Exploration on April 21, 2025 and sell it all today you would earn a total of 0.00 from holding Aakash Exploration Services or generate 0.0% return on investment in Aakash Exploration over 90 days. Aakash Exploration is related to or competes with Alkyl Amines, Avonmore Capital, IOL Chemicals, IG Petrochemicals, Radiant Cash, Privi Speciality, and Tinna Rubber. Aakash Exploration is entity of India. It is traded as Stock on NSE exchange. More
Aakash Exploration 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 Aakash Exploration'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 Aakash Exploration Services upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.83 | |||
| Information Ratio | 0.0359 | |||
| Maximum Drawdown | 25.04 | |||
| Value At Risk | (5.04) | |||
| Potential Upside | 9.0 |
Aakash Exploration Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aakash Exploration's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aakash Exploration's standard deviation. In reality, there are many statistical measures that can use Aakash Exploration historical prices to predict the future Aakash Exploration's volatility.| Risk Adjusted Performance | 0.0722 | |||
| Jensen Alpha | 0.3151 | |||
| Total Risk Alpha | (0.31) | |||
| Sortino Ratio | 0.054 | |||
| Treynor Ratio | (1.18) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Aakash Exploration's 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.
Aakash Exploration Backtested Returns
Aakash Exploration appears to be slightly risky, given 3 months investment horizon. Aakash Exploration secures Sharpe Ratio (or Efficiency) of 0.072, which signifies that the company had a 0.072 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Aakash Exploration Services, which you can use to evaluate the volatility of the firm. Please makes use of Aakash Exploration's Downside Deviation of 2.83, risk adjusted performance of 0.0722, and Mean Deviation of 2.74 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Aakash Exploration holds a performance score of 5. The firm shows a Beta (market volatility) of -0.24, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Aakash Exploration are expected to decrease at a much lower rate. During the bear market, Aakash Exploration is likely to outperform the market. Please check Aakash Exploration's potential upside, and the relationship between the total risk alpha and kurtosis , to make a quick decision on whether Aakash Exploration's price patterns will revert.
Auto-correlation | -0.68 |
Very good reverse predictability
Aakash Exploration Services has very good reverse predictability. Overlapping area represents the amount of predictability between Aakash Exploration time series from 21st of April 2025 to 5th of June 2025 and 5th of June 2025 to 20th of July 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 Aakash Exploration price movement. The serial correlation of -0.68 indicates that around 68.0% of current Aakash Exploration price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.68 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 1.76 |
Aakash Exploration lagged returns against current returns
Autocorrelation, which is Aakash Exploration 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 Aakash Exploration's stock expected returns. We can calculate the autocorrelation of Aakash Exploration returns to help us make a trade decision. For example, suppose you find that Aakash Exploration 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 |
Aakash Exploration 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 Aakash Exploration stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aakash Exploration stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aakash Exploration stock over time.
Current vs Lagged Prices |
| Timeline |
Aakash Exploration Lagged Returns
When evaluating Aakash Exploration's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aakash Exploration stock have on its future price. Aakash Exploration 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, Aakash Exploration autocorrelation shows the relationship between Aakash Exploration stock current value and its past values and can show if there is a momentum factor associated with investing in Aakash Exploration Services.
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 Aakash Stock
Aakash Exploration financial ratios help investors to determine whether Aakash 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 Aakash with respect to the benefits of owning Aakash Exploration security.