DIAMINES AND (India) Market Value
| DIAMINESQ | 519.85 10.70 2.02% |
| Symbol | DIAMINES |
DIAMINES AND '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 DIAMINES AND'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 DIAMINES AND.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in DIAMINES AND on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding DIAMINES AND CHEMICALS or generate 0.0% return on investment in DIAMINES AND over 30 days. DIAMINES AND is related to or competes with Gujarat Fluorochemicals, Tata Chemicals, Navin Fluorine, Kingfa Science, Rico Auto, GACM Technologies, and COSMO FIRST. DIAMINES AND is entity of India. It is traded as Stock on NSE exchange. More
DIAMINES AND 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 DIAMINES AND'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 DIAMINES AND CHEMICALS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 9.38 | |||
| Value At Risk | (4.38) | |||
| Potential Upside | 3.49 |
DIAMINES AND Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DIAMINES AND's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DIAMINES AND's standard deviation. In reality, there are many statistical measures that can use DIAMINES AND historical prices to predict the future DIAMINES AND's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.45) | |||
| Treynor Ratio | (0.12) |
DIAMINES AND CHEMICALS Backtested Returns
DIAMINES AND CHEMICALS retains Efficiency (Sharpe Ratio) of -0.0351, which denotes the company had a -0.0351% return per unit of risk over the last 3 months. DIAMINES AND exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm DIAMINES AND's Standard Deviation of 2.27, market risk adjusted performance of (0.11), and Variance of 5.14 to check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 0.8, which means possible diversification benefits within a given portfolio. As returns on the market increase, DIAMINES AND's returns are expected to increase less than the market. However, during the bear market, the loss of holding DIAMINES AND is expected to be smaller as well. At this point, DIAMINES AND CHEMICALS has a negative expected return of -0.0821%. Please make sure to confirm DIAMINES AND's standard deviation, kurtosis, period momentum indicator, as well as the relationship between the maximum drawdown and day median price , to decide if DIAMINES AND CHEMICALS performance from the past will be repeated at some future date.
Auto-correlation | -0.39 |
Poor reverse predictability
DIAMINES AND CHEMICALS has poor reverse predictability. Overlapping area represents the amount of predictability between DIAMINES AND time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 DIAMINES AND CHEMICALS price movement. The serial correlation of -0.39 indicates that just about 39.0% of current DIAMINES AND price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 144.49 |
DIAMINES AND CHEMICALS lagged returns against current returns
Autocorrelation, which is DIAMINES AND 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 DIAMINES AND's stock expected returns. We can calculate the autocorrelation of DIAMINES AND returns to help us make a trade decision. For example, suppose you find that DIAMINES AND 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 |
DIAMINES AND 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 DIAMINES AND stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DIAMINES AND stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DIAMINES AND stock over time.
Current vs Lagged Prices |
| Timeline |
DIAMINES AND Lagged Returns
When evaluating DIAMINES AND's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DIAMINES AND stock have on its future price. DIAMINES AND 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, DIAMINES AND autocorrelation shows the relationship between DIAMINES AND stock current value and its past values and can show if there is a momentum factor associated with investing in DIAMINES AND CHEMICALS.
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 DIAMINES Stock
DIAMINES AND financial ratios help investors to determine whether DIAMINES 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 DIAMINES with respect to the benefits of owning DIAMINES AND security.