Thyrocare Technologies (India) Market Value
| THYROCARE | 996.70 6.10 0.61% |
| Symbol | Thyrocare |
Thyrocare 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 Thyrocare 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 Thyrocare Technologies.
| 03/30/2025 |
| 06/28/2025 |
If you would invest 0.00 in Thyrocare Technologies on March 30, 2025 and sell it all today you would earn a total of 0.00 from holding Thyrocare Technologies Limited or generate 0.0% return on investment in Thyrocare Technologies over 90 days. Thyrocare Technologies is related to or competes with Allied Blenders, Chemcon Speciality, Speciality Restaurants, General Insurance, Omkar Speciality, and Vintage Coffee. Thyrocare Technologies is entity of India More
Thyrocare 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 Thyrocare 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 Thyrocare Technologies Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.97 | |||
| Information Ratio | 0.158 | |||
| Maximum Drawdown | 14.47 | |||
| Value At Risk | (3.32) | |||
| Potential Upside | 6.19 |
Thyrocare Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thyrocare Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thyrocare Technologies' standard deviation. In reality, there are many statistical measures that can use Thyrocare Technologies historical prices to predict the future Thyrocare Technologies' volatility.| Risk Adjusted Performance | 0.2973 | |||
| Jensen Alpha | 0.4912 | |||
| Total Risk Alpha | 0.4076 | |||
| Sortino Ratio | 0.2232 | |||
| Treynor Ratio | (4.53) |
Thyrocare Technologies Backtested Returns
Thyrocare Technologies appears to be very steady, given 3 months investment horizon. Thyrocare Technologies owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.21, which indicates the firm had a 0.21 % return per unit of risk over the last 3 months. By inspecting Thyrocare Technologies' technical indicators, you can evaluate if the expected return of 0.57% is justified by implied risk. Please review Thyrocare Technologies' Semi Deviation of 1.67, coefficient of variation of 560.82, and Risk Adjusted Performance of 0.2973 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Thyrocare Technologies holds a performance score of 16. The entity has a beta of -0.11, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Thyrocare Technologies are expected to decrease at a much lower rate. During the bear market, Thyrocare Technologies is likely to outperform the market. Please check Thyrocare Technologies' maximum drawdown, skewness, as well as the relationship between the Skewness and day typical price , to make a quick decision on whether Thyrocare Technologies' existing price patterns will revert.
Auto-correlation | 0.18 |
Very weak predictability
Thyrocare Technologies Limited has very weak predictability. Overlapping area represents the amount of predictability between Thyrocare Technologies time series from 30th of March 2025 to 14th of May 2025 and 14th of May 2025 to 28th of June 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 Thyrocare Technologies price movement. The serial correlation of 0.18 indicates that over 18.0% of current Thyrocare Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 495.25 |
Thyrocare Technologies lagged returns against current returns
Autocorrelation, which is Thyrocare 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 Thyrocare Technologies' stock expected returns. We can calculate the autocorrelation of Thyrocare Technologies returns to help us make a trade decision. For example, suppose you find that Thyrocare 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 |
Thyrocare 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 Thyrocare Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thyrocare Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thyrocare Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Thyrocare Technologies Lagged Returns
When evaluating Thyrocare Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thyrocare Technologies stock have on its future price. Thyrocare 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, Thyrocare Technologies autocorrelation shows the relationship between Thyrocare Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Thyrocare 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.Other Information on Investing in Thyrocare Stock
Thyrocare Technologies financial ratios help investors to determine whether Thyrocare 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 Thyrocare with respect to the benefits of owning Thyrocare Technologies security.