Alkali Metals (India) Market Value
| ALKALI Stock | 116.26 3.02 2.53% |
| Symbol | Alkali |
Alkali Metals '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 Alkali Metals' 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 Alkali Metals.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in Alkali Metals on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding Alkali Metals Limited or generate 0.0% return on investment in Alkali Metals over 360 days. Alkali Metals is related to or competes with Nahar Industrial, Reliance Industrial, Lakshmi Finance, 21st Century, Action Construction, Manaksia Coated, and Bigbloc Construction. Alkali Metals is entity of India. It is traded as Stock on NSE exchange. More
Alkali Metals 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 Alkali Metals' 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 Alkali Metals Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.65 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 26.39 | |||
| Value At Risk | (4.61) | |||
| Potential Upside | 3.85 |
Alkali Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alkali Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alkali Metals' standard deviation. In reality, there are many statistical measures that can use Alkali Metals historical prices to predict the future Alkali Metals' volatility.| Risk Adjusted Performance | 0.0286 | |||
| Jensen Alpha | 0.1398 | |||
| Total Risk Alpha | (0.48) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.18) |
Alkali Metals Limited Backtested Returns
At this point, Alkali Metals is very steady. Alkali Metals Limited secures Sharpe Ratio (or Efficiency) of 0.0207, which signifies that the company had a 0.0207% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Alkali Metals Limited, which you can use to evaluate the volatility of the firm. Please confirm Alkali Metals' Mean Deviation of 2.03, downside deviation of 2.65, and Risk Adjusted Performance of 0.0286 to double-check if the risk estimate we provide is consistent with the expected return of 0.0713%. Alkali Metals has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.45, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Alkali Metals are expected to decrease at a much lower rate. During the bear market, Alkali Metals is likely to outperform the market. Alkali Metals Limited right now shows a risk of 3.44%. Please confirm Alkali Metals Limited jensen alpha, semi variance, day typical price, as well as the relationship between the maximum drawdown and accumulation distribution , to decide if Alkali Metals Limited will be following its price patterns.
Auto-correlation | 0.39 |
Below average predictability
Alkali Metals Limited has below average predictability. Overlapping area represents the amount of predictability between Alkali Metals time series from 7th of December 2023 to 4th of June 2024 and 4th of June 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 Alkali Metals Limited price movement. The serial correlation of 0.39 indicates that just about 39.0% of current Alkali Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 99.84 |
Alkali Metals Limited lagged returns against current returns
Autocorrelation, which is Alkali Metals 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 Alkali Metals' stock expected returns. We can calculate the autocorrelation of Alkali Metals returns to help us make a trade decision. For example, suppose you find that Alkali Metals 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 |
Alkali Metals 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 Alkali Metals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alkali Metals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alkali Metals stock over time.
Current vs Lagged Prices |
| Timeline |
Alkali Metals Lagged Returns
When evaluating Alkali Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alkali Metals stock have on its future price. Alkali Metals 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, Alkali Metals autocorrelation shows the relationship between Alkali Metals stock current value and its past values and can show if there is a momentum factor associated with investing in Alkali Metals 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 Alkali Stock
Alkali Metals financial ratios help investors to determine whether Alkali 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 Alkali with respect to the benefits of owning Alkali Metals security.