Bodal Chemicals (India) Market Value
| BODALCHEM | 69.31 0.12 0.17% |
| Symbol | Bodal |
Bodal Chemicals '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 Bodal Chemicals' 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 Bodal Chemicals.
| 01/05/2023 |
| 12/25/2024 |
If you would invest 0.00 in Bodal Chemicals on January 5, 2023 and sell it all today you would earn a total of 0.00 from holding Bodal Chemicals Limited or generate 0.0% return on investment in Bodal Chemicals over 720 days. Bodal Chemicals is related to or competes with NMDC, Steel Authority, Embassy Office, Gujarat Narmada, Gujarat Alkalies, Indian Metals, and JTL Industries. Bodal Chemicals is entity of India. It is traded as Stock on NSE exchange. More
Bodal Chemicals 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 Bodal Chemicals' 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 Bodal Chemicals Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 9.52 | |||
| Value At Risk | (3.23) | |||
| Potential Upside | 3.27 |
Bodal Chemicals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bodal Chemicals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bodal Chemicals' standard deviation. In reality, there are many statistical measures that can use Bodal Chemicals historical prices to predict the future Bodal Chemicals' volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | (0.23) |
Bodal Chemicals Backtested Returns
Bodal Chemicals secures Sharpe Ratio (or Efficiency) of -0.11, which signifies that the company had a -0.11% return per unit of standard deviation over the last 3 months. Bodal Chemicals Limited exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bodal Chemicals' risk adjusted performance of (0.08), and Mean Deviation of 1.51 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.97, which signifies possible diversification benefits within a given portfolio. Bodal Chemicals returns are very sensitive to returns on the market. As the market goes up or down, Bodal Chemicals is expected to follow. At this point, Bodal Chemicals has a negative expected return of -0.21%. Please make sure to confirm Bodal Chemicals' potential upside, day median price, and the relationship between the total risk alpha and accumulation distribution , to decide if Bodal Chemicals performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.02 |
Very weak reverse predictability
Bodal Chemicals Limited has very weak reverse predictability. Overlapping area represents the amount of predictability between Bodal Chemicals time series from 5th of January 2023 to 31st of December 2023 and 31st of December 2023 to 25th 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 Bodal Chemicals price movement. The serial correlation of -0.02 indicates that only 2.0% of current Bodal Chemicals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 23.36 |
Bodal Chemicals lagged returns against current returns
Autocorrelation, which is Bodal Chemicals 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 Bodal Chemicals' stock expected returns. We can calculate the autocorrelation of Bodal Chemicals returns to help us make a trade decision. For example, suppose you find that Bodal Chemicals 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 |
Bodal Chemicals 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 Bodal Chemicals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bodal Chemicals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bodal Chemicals stock over time.
Current vs Lagged Prices |
| Timeline |
Bodal Chemicals Lagged Returns
When evaluating Bodal Chemicals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bodal Chemicals stock have on its future price. Bodal Chemicals 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, Bodal Chemicals autocorrelation shows the relationship between Bodal Chemicals stock current value and its past values and can show if there is a momentum factor associated with investing in Bodal Chemicals Limited.
Regressed Prices |
| Timeline |
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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 Bodal Stock
Bodal Chemicals financial ratios help investors to determine whether Bodal 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 Bodal with respect to the benefits of owning Bodal Chemicals security.