Agro Phos (India) Market Value
| AGROPHOS | 42.74 0.70 1.67% |
| Symbol | Agro |
Agro Phos '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 Agro Phos' 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 Agro Phos.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Agro Phos on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Agro Phos India or generate 0.0% return on investment in Agro Phos over 30 days. Agro Phos is related to or competes with NMDC, Steel Authority, Embassy Office, Gujarat Narmada, Gujarat Alkalies, Indian Metals, and JTL Industries. Agro Phos is entity of India. It is traded as Stock on NSE exchange. More
Agro Phos 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 Agro Phos' 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 Agro Phos India upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 20.41 | |||
| Value At Risk | (4.94) | |||
| Potential Upside | 4.73 |
Agro Phos Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Agro Phos' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Agro Phos' standard deviation. In reality, there are many statistical measures that can use Agro Phos historical prices to predict the future Agro Phos' volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.58) | |||
| Treynor Ratio | (0.14) |
Agro Phos India Backtested Returns
As of now, Agro Stock is very steady. Agro Phos India secures Sharpe Ratio (or Efficiency) of 0.0021, which signifies that the company had a 0.0021% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Agro Phos India, which you can use to evaluate the volatility of the firm. Please confirm Agro Phos' Risk Adjusted Performance of (0.01), standard deviation of 3.03, and Mean Deviation of 2.01 to double-check if the risk estimate we provide is consistent with the expected return of 0.0065%. The firm shows a Beta (market volatility) of 0.57, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Agro Phos' returns are expected to increase less than the market. However, during the bear market, the loss of holding Agro Phos is expected to be smaller as well. Agro Phos India right now shows a risk of 3.04%. Please confirm Agro Phos India total risk alpha, skewness, as well as the relationship between the Skewness and day median price , to decide if Agro Phos India will be following its price patterns.
Auto-correlation | -0.7 |
Very good reverse predictability
Agro Phos India has very good reverse predictability. Overlapping area represents the amount of predictability between Agro Phos time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Agro Phos India price movement. The serial correlation of -0.7 indicates that around 70.0% of current Agro Phos price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.7 | |
| Spearman Rank Test | -0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 1.02 |
Agro Phos India lagged returns against current returns
Autocorrelation, which is Agro Phos 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 Agro Phos' stock expected returns. We can calculate the autocorrelation of Agro Phos returns to help us make a trade decision. For example, suppose you find that Agro Phos 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 |
Agro Phos 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 Agro Phos stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Agro Phos stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Agro Phos stock over time.
Current vs Lagged Prices |
| Timeline |
Agro Phos Lagged Returns
When evaluating Agro Phos' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Agro Phos stock have on its future price. Agro Phos 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, Agro Phos autocorrelation shows the relationship between Agro Phos stock current value and its past values and can show if there is a momentum factor associated with investing in Agro Phos India.
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 Agro Stock
Agro Phos financial ratios help investors to determine whether Agro 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 Agro with respect to the benefits of owning Agro Phos security.