Elecon Engineering (India) Market Value
| ELECON Stock | 627.35 9.35 1.51% |
| Symbol | Elecon |
Elecon Engineering '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 Elecon Engineering'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 Elecon Engineering.
| 04/16/2025 |
| 07/15/2025 |
If you would invest 0.00 in Elecon Engineering on April 16, 2025 and sell it all today you would earn a total of 0.00 from holding Elecon Engineering or generate 0.0% return on investment in Elecon Engineering over 90 days. Elecon Engineering is related to or competes with Pilani Investment, Bombay Burmah, Advani Hotels, Tube Investments, ILFS Investment, EIH Associated, and Blue Coast. Elecon Engineering is entity of India. It is traded as Stock on NSE exchange. More
Elecon Engineering 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 Elecon Engineering'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 Elecon Engineering upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.02 | |||
| Information Ratio | 0.1948 | |||
| Maximum Drawdown | 28.33 | |||
| Value At Risk | (2.91) | |||
| Potential Upside | 5.47 |
Elecon Engineering Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Elecon Engineering's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Elecon Engineering's standard deviation. In reality, there are many statistical measures that can use Elecon Engineering historical prices to predict the future Elecon Engineering's volatility.| Risk Adjusted Performance | 0.3677 | |||
| Jensen Alpha | 0.9967 | |||
| Total Risk Alpha | 0.298 | |||
| Sortino Ratio | 0.3718 | |||
| Treynor Ratio | 37.03 |
Elecon Engineering Backtested Returns
Elecon Engineering appears to be very steady, given 3 months investment horizon. Elecon Engineering secures Sharpe Ratio (or Efficiency) of 0.23, which denotes the company had a 0.23 % return per unit of risk over the last 3 months. By reviewing Elecon Engineering's technical indicators, you can evaluate if the expected return of 0.89% is justified by implied risk. Please utilize Elecon Engineering's Mean Deviation of 2.56, downside deviation of 2.02, and Coefficient Of Variation of 380.92 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Elecon Engineering holds a performance score of 18. The firm shows a Beta (market volatility) of 0.0271, which means not very significant fluctuations relative to the market. As returns on the market increase, Elecon Engineering's returns are expected to increase less than the market. However, during the bear market, the loss of holding Elecon Engineering is expected to be smaller as well. Please check Elecon Engineering's downside variance, day median price, and the relationship between the treynor ratio and kurtosis , to make a quick decision on whether Elecon Engineering's price patterns will revert.
Auto-correlation | 0.73 |
Good predictability
Elecon Engineering has good predictability. Overlapping area represents the amount of predictability between Elecon Engineering time series from 16th of April 2025 to 31st of May 2025 and 31st of May 2025 to 15th 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 Elecon Engineering price movement. The serial correlation of 0.73 indicates that around 73.0% of current Elecon Engineering price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 1630.1 |
Elecon Engineering lagged returns against current returns
Autocorrelation, which is Elecon Engineering 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 Elecon Engineering's stock expected returns. We can calculate the autocorrelation of Elecon Engineering returns to help us make a trade decision. For example, suppose you find that Elecon Engineering 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 |
Elecon Engineering 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 Elecon Engineering stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Elecon Engineering stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Elecon Engineering stock over time.
Current vs Lagged Prices |
| Timeline |
Elecon Engineering Lagged Returns
When evaluating Elecon Engineering's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Elecon Engineering stock have on its future price. Elecon Engineering 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, Elecon Engineering autocorrelation shows the relationship between Elecon Engineering stock current value and its past values and can show if there is a momentum factor associated with investing in Elecon Engineering.
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 Elecon Stock
Elecon Engineering financial ratios help investors to determine whether Elecon 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 Elecon with respect to the benefits of owning Elecon Engineering security.