Delta Manufacturing (India) Market Value
| DELTAMAGNT | 112.17 0.65 0.58% |
| Symbol | Delta |
Delta Manufacturing '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 Delta Manufacturing'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 Delta Manufacturing.
| 12/31/2022 |
| 12/20/2024 |
If you would invest 0.00 in Delta Manufacturing on December 31, 2022 and sell it all today you would earn a total of 0.00 from holding Delta Manufacturing Limited or generate 0.0% return on investment in Delta Manufacturing over 720 days. Delta Manufacturing is related to or competes with Varun Beverages, Tamilnad Mercantile, DCB Bank, Federal Bank, Modi Rubber, and Kewal Kiran. Delta Manufacturing is entity of India. It is traded as Stock on NSE exchange. More
Delta Manufacturing 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 Delta Manufacturing'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 Delta Manufacturing Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.59 | |||
| Information Ratio | 0.0669 | |||
| Maximum Drawdown | 19.73 | |||
| Value At Risk | (4.49) | |||
| Potential Upside | 7.69 |
Delta Manufacturing Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Delta Manufacturing's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Delta Manufacturing's standard deviation. In reality, there are many statistical measures that can use Delta Manufacturing historical prices to predict the future Delta Manufacturing's volatility.| Risk Adjusted Performance | 0.0683 | |||
| Jensen Alpha | 0.2355 | |||
| Total Risk Alpha | 0.1571 | |||
| Sortino Ratio | 0.0923 | |||
| Treynor Ratio | 0.2271 |
Delta Manufacturing Backtested Returns
Delta Manufacturing appears to be very steady, given 3 months investment horizon. Delta Manufacturing secures Sharpe Ratio (or Efficiency) of 0.0721, which denotes the company had a 0.0721% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Delta Manufacturing Limited, which you can use to evaluate the volatility of the firm. Please utilize Delta Manufacturing's Mean Deviation of 2.39, downside deviation of 2.59, and Coefficient Of Variation of 1311.87 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Delta Manufacturing holds a performance score of 5. The firm shows a Beta (market volatility) of 1.16, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Delta Manufacturing will likely underperform. Please check Delta Manufacturing's jensen alpha, potential upside, accumulation distribution, as well as the relationship between the treynor ratio and expected short fall , to make a quick decision on whether Delta Manufacturing's price patterns will revert.
Auto-correlation | 0.11 |
Insignificant predictability
Delta Manufacturing Limited has insignificant predictability. Overlapping area represents the amount of predictability between Delta Manufacturing time series from 31st of December 2022 to 26th of December 2023 and 26th of December 2023 to 20th 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 Delta Manufacturing price movement. The serial correlation of 0.11 indicates that less than 11.0% of current Delta Manufacturing price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.11 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 48.83 |
Delta Manufacturing lagged returns against current returns
Autocorrelation, which is Delta Manufacturing 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 Delta Manufacturing's stock expected returns. We can calculate the autocorrelation of Delta Manufacturing returns to help us make a trade decision. For example, suppose you find that Delta Manufacturing 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 |
Delta Manufacturing 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 Delta Manufacturing stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Delta Manufacturing stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Delta Manufacturing stock over time.
Current vs Lagged Prices |
| Timeline |
Delta Manufacturing Lagged Returns
When evaluating Delta Manufacturing's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Delta Manufacturing stock have on its future price. Delta Manufacturing 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, Delta Manufacturing autocorrelation shows the relationship between Delta Manufacturing stock current value and its past values and can show if there is a momentum factor associated with investing in Delta Manufacturing 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 Delta Stock
Delta Manufacturing financial ratios help investors to determine whether Delta 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 Delta with respect to the benefits of owning Delta Manufacturing security.