Hydropower sector: What kind of stocks had maximum growth?


Well i did some study on hydro stocks. From 05/11/2023 to 25/01/2024. During the period Nepse had a max growth from 1829 to 2175 ~18%.

There was an average max growth (from absolute bottom to the peak) of 56% in hydro and the best performing stock was MHCL which grew 195% in 70days.

https://preview.redd.it/6vk2us9vuwec1.png?width=1253&format=png&auto=webp&s=46b21845a04543939f9f1178543ff415efac5de0

And here is the correlation coefficient:

​

https://preview.redd.it/yok5v0nzvwec1.png?width=560&format=png&auto=webp&s=fbfd84ea12816ead8a5e387d838956884bd4b008

So didnt get any strong correlations. EPS/PE has very little to do with anything. The onlything fundamental seemed to be no. of shares. So low cap=high growth. But at just -0.25 this is a extremely weak correlation.

Other two were also

1. low price (at bottom) compared to average low price=good
2. high previous high=bad. I thought this was a confounding bias. It has got to be because new stocks did well, old stocks have seen a bull market and have a very high prev. high.
3. so i did a 3rd one on date of listing. And found a weak positive correlation. So new stock=good

​

you can find me talk about it here [https://www.youtube.com/watch?v=GVgFNhCiWsE](https://www.youtube.com/watch?v=GVgFNhCiWsE)

Note that this is just an observation on the current upswing. It doesnt include data from any previous upswings and as such doesnt necessarily mean the same characteristics are always good. This is not an investment advice. Do your own research.


View on r/NepalStock by ShreShreShreShreShre


Leave a Reply

Your email address will not be published. Required fields are marked *

More Interesting Read

How long does it take for bonus shares to get listed after book close date 1
r/NepalStock

How long does it take for bonus shares to get listed after book close date

Can someone please tell me how long (on average) it takes to list the bonus share in nepsetms and mero share after the book close date? For example, STC book close date was on 22nd Mar 2024 but I do not find the listing date anywhere. Thank you. View on r/NepalStock by p_gautam Popular Tags: […]

Read More
Are there any Screener like sites for nepse listed companies? 3
r/NepalStock

Are there any Screener like sites for nepse listed companies?

Are there any websites that shows latest data and provides convenience for fundamental analysis? View on r/NepalStock by anonymoustwenty20 Popular Tags: NEPSEListed, Screener, Fundamental Analysis, Companies, sites Highlights: Why is the banking sector down? When will it bounce bank? Why is no IT companies listed in the stock market in Nepal? Where do all these […]

Read More