Coromandel International (India) Market Value
| COROMANDEL | 1,875 0.55 0.03% |
| Symbol | Coromandel |
Coromandel International '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 Coromandel International's 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 Coromandel International.
| 07/24/2024 |
| 01/20/2025 |
If you would invest 0.00 in Coromandel International on July 24, 2024 and sell it all today you would earn a total of 0.00 from holding Coromandel International Limited or generate 0.0% return on investment in Coromandel International over 180 days. Coromandel International is related to or competes with Jindal Poly, Indo Rama, SIL Investments, Tata Investment, UTI Asset, Mangalore Chemicals, and Investment Trust. Coromandel International is entity of India More
Coromandel International 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 Coromandel International's 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 Coromandel International Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.74 | |||
| Information Ratio | 0.1152 | |||
| Maximum Drawdown | 10.0 | |||
| Value At Risk | (2.56) | |||
| Potential Upside | 2.75 |
Coromandel International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Coromandel International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Coromandel International's standard deviation. In reality, there are many statistical measures that can use Coromandel International historical prices to predict the future Coromandel International's volatility.| Risk Adjusted Performance | 0.116 | |||
| Jensen Alpha | 0.2146 | |||
| Total Risk Alpha | 0.1752 | |||
| Sortino Ratio | 0.1122 | |||
| Treynor Ratio | 6.54 |
Coromandel International Backtested Returns
Coromandel International appears to be very steady, given 3 months investment horizon. Coromandel International secures Sharpe Ratio (or Efficiency) of 0.18, which signifies that the company had a 0.18 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Coromandel International Limited, which you can use to evaluate the volatility of the firm. Please makes use of Coromandel International's Mean Deviation of 1.25, downside deviation of 1.74, and Risk Adjusted Performance of 0.116 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Coromandel International holds a performance score of 14. The firm shows a Beta (market volatility) of 0.0329, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Coromandel International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Coromandel International is expected to be smaller as well. Please check Coromandel International's expected short fall, and the relationship between the maximum drawdown and rate of daily change , to make a quick decision on whether Coromandel International's price patterns will revert.
Auto-correlation | -0.18 |
Insignificant reverse predictability
Coromandel International Limited has insignificant reverse predictability. Overlapping area represents the amount of predictability between Coromandel International time series from 24th of July 2024 to 22nd of October 2024 and 22nd of October 2024 to 20th of January 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 Coromandel International price movement. The serial correlation of -0.18 indicates that over 18.0% of current Coromandel International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.18 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 9233.34 |
Coromandel International lagged returns against current returns
Autocorrelation, which is Coromandel International 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 Coromandel International's stock expected returns. We can calculate the autocorrelation of Coromandel International returns to help us make a trade decision. For example, suppose you find that Coromandel International 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 |
Coromandel International 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 Coromandel International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Coromandel International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Coromandel International stock over time.
Current vs Lagged Prices |
| Timeline |
Coromandel International Lagged Returns
When evaluating Coromandel International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Coromandel International stock have on its future price. Coromandel International 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, Coromandel International autocorrelation shows the relationship between Coromandel International stock current value and its past values and can show if there is a momentum factor associated with investing in Coromandel International 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 Coromandel Stock
Coromandel International financial ratios help investors to determine whether Coromandel 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 Coromandel with respect to the benefits of owning Coromandel International security.