Hexaware Technologies (India) Market Value
| HEXT Stock | 859.90 3.55 0.41% |
| Symbol | Hexaware |
Hexaware Technologies '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 Hexaware Technologies' 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 Hexaware Technologies.
| 04/24/2025 |
| 07/23/2025 |
If you would invest 0.00 in Hexaware Technologies on April 24, 2025 and sell it all today you would earn a total of 0.00 from holding Hexaware Technologies Limited or generate 0.0% return on investment in Hexaware Technologies over 90 days. Hexaware Technologies is related to or competes with Indian Metals, MIRC Electronics, Nazara Technologies, Electronics Mart, Ankit Metal, LLOYDS METALS, and Nucleus Software. Hexaware Technologies is entity of India More
Hexaware Technologies 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 Hexaware Technologies' 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 Hexaware Technologies Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.93 | |||
| Information Ratio | 0.0962 | |||
| Maximum Drawdown | 12.19 | |||
| Value At Risk | (3.40) | |||
| Potential Upside | 3.75 |
Hexaware Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hexaware Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hexaware Technologies' standard deviation. In reality, there are many statistical measures that can use Hexaware Technologies historical prices to predict the future Hexaware Technologies' volatility.| Risk Adjusted Performance | 0.1682 | |||
| Jensen Alpha | 0.3132 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.1061 | |||
| Treynor Ratio | 1.05 |
Hexaware Technologies Backtested Returns
Hexaware Technologies appears to be very steady, given 3 months investment horizon. Hexaware Technologies holds Efficiency (Sharpe) Ratio of 0.18, which attests that the entity had a 0.18 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Hexaware Technologies, which you can use to evaluate the volatility of the firm. Please utilize Hexaware Technologies' Risk Adjusted Performance of 0.1682, market risk adjusted performance of 1.06, and Downside Deviation of 1.93 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hexaware Technologies holds a performance score of 14. The company retains a Market Volatility (i.e., Beta) of 0.36, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Hexaware Technologies' returns are expected to increase less than the market. However, during the bear market, the loss of holding Hexaware Technologies is expected to be smaller as well. Please check Hexaware Technologies' treynor ratio, value at risk, downside variance, as well as the relationship between the maximum drawdown and potential upside , to make a quick decision on whether Hexaware Technologies' current trending patterns will revert.
Auto-correlation | 0.73 |
Good predictability
Hexaware Technologies Limited has good predictability. Overlapping area represents the amount of predictability between Hexaware Technologies time series from 24th of April 2025 to 8th of June 2025 and 8th of June 2025 to 23rd 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 Hexaware Technologies price movement. The serial correlation of 0.73 indicates that around 73.0% of current Hexaware Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 297.57 |
Hexaware Technologies lagged returns against current returns
Autocorrelation, which is Hexaware Technologies 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 Hexaware Technologies' stock expected returns. We can calculate the autocorrelation of Hexaware Technologies returns to help us make a trade decision. For example, suppose you find that Hexaware Technologies 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 |
Hexaware Technologies 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 Hexaware Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hexaware Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hexaware Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Hexaware Technologies Lagged Returns
When evaluating Hexaware Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hexaware Technologies stock have on its future price. Hexaware Technologies 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, Hexaware Technologies autocorrelation shows the relationship between Hexaware Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Hexaware Technologies 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 Hexaware Stock Analysis
When running Hexaware Technologies' price analysis, check to measure Hexaware Technologies' 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 Hexaware Technologies is operating at the current time. Most of Hexaware Technologies' value examination focuses on studying past and present price action to predict the probability of Hexaware Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hexaware Technologies' price. Additionally, you may evaluate how the addition of Hexaware Technologies to your portfolios can decrease your overall portfolio volatility.