Cummins India (India) Market Value
| CUMMINSIND | 3,587 30.50 0.84% |
| Symbol | Cummins |
Cummins 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 Cummins 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 Cummins India.
| 04/23/2025 |
| 07/22/2025 |
If you would invest 0.00 in Cummins India on April 23, 2025 and sell it all today you would earn a total of 0.00 from holding Cummins India Limited or generate 0.0% return on investment in Cummins India over 90 days. Cummins India is related to or competes with Rajnandini Metal, Ortel Communications, Tata Communications, One 97, Gallantt Ispat, Hemisphere Properties, and Garware Hi. Cummins India is entity of India. It is traded as Stock on NSE exchange. More
Cummins 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 Cummins 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 Cummins India Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.39 | |||
| Information Ratio | 0.1296 | |||
| Maximum Drawdown | 8.0 | |||
| Value At Risk | (1.51) | |||
| Potential Upside | 2.93 |
Cummins India Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cummins India's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cummins India's standard deviation. In reality, there are many statistical measures that can use Cummins India historical prices to predict the future Cummins India's volatility.| Risk Adjusted Performance | 0.2045 | |||
| Jensen Alpha | 0.3462 | |||
| Total Risk Alpha | 0.108 | |||
| Sortino Ratio | 0.1602 | |||
| Treynor Ratio | 3.8 |
Cummins India Limited Backtested Returns
Cummins India appears to be very steady, given 3 months investment horizon. Cummins India Limited secures Sharpe Ratio (or Efficiency) of 0.19, which signifies that the company had a 0.19 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Cummins India Limited, which you can use to evaluate the volatility of the firm. Please makes use of Cummins India's Risk Adjusted Performance of 0.2045, mean deviation of 1.27, and Downside Deviation of 1.39 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Cummins India holds a performance score of 14. The firm shows a Beta (market volatility) of 0.0944, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Cummins India's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cummins India is expected to be smaller as well. Please check Cummins India's total risk alpha, expected short fall, market facilitation index, as well as the relationship between the value at risk and daily balance of power , to make a quick decision on whether Cummins India's price patterns will revert.
Auto-correlation | 0.85 |
Very good predictability
Cummins India Limited has very good predictability. Overlapping area represents the amount of predictability between Cummins India time series from 23rd of April 2025 to 7th of June 2025 and 7th of June 2025 to 22nd 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 Cummins India Limited price movement. The serial correlation of 0.85 indicates that around 85.0% of current Cummins India price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.85 | |
| Spearman Rank Test | 0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 13.7 K |
Cummins India Limited lagged returns against current returns
Autocorrelation, which is Cummins 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 Cummins India's stock expected returns. We can calculate the autocorrelation of Cummins India returns to help us make a trade decision. For example, suppose you find that Cummins 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 |
Cummins 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 Cummins India stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cummins India stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cummins India stock over time.
Current vs Lagged Prices |
| Timeline |
Cummins India Lagged Returns
When evaluating Cummins India's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cummins India stock have on its future price. Cummins 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, Cummins India autocorrelation shows the relationship between Cummins India stock current value and its past values and can show if there is a momentum factor associated with investing in Cummins India 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.Additional Tools for Cummins Stock Analysis
When running Cummins India's price analysis, check to measure Cummins 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 Cummins India is operating at the current time. Most of Cummins India's value examination focuses on studying past and present price action to predict the probability of Cummins 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 Cummins India's price. Additionally, you may evaluate how the addition of Cummins India to your portfolios can decrease your overall portfolio volatility.