Dynamic Cables (India) Market Value
| DYCL Stock | 991.55 24.25 2.39% |
| Symbol | Dynamic |
Dynamic Cables '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 Dynamic Cables' 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 Dynamic Cables.
| 01/07/2023 |
| 12/27/2024 |
If you would invest 0.00 in Dynamic Cables on January 7, 2023 and sell it all today you would earn a total of 0.00 from holding Dynamic Cables Limited or generate 0.0% return on investment in Dynamic Cables over 720 days. Dynamic Cables is related to or competes with State Bank, Life Insurance, HDFC Bank, ICICI Bank, and Reliance Industries. Dynamic Cables is entity of India. It is traded as Stock on NSE exchange. More
Dynamic Cables 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 Dynamic Cables' 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 Dynamic Cables Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.91 | |||
| Information Ratio | 0.2052 | |||
| Maximum Drawdown | 22.76 | |||
| Value At Risk | (4.22) | |||
| Potential Upside | 10.0 |
Dynamic Cables Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dynamic Cables' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dynamic Cables' standard deviation. In reality, there are many statistical measures that can use Dynamic Cables historical prices to predict the future Dynamic Cables' volatility.| Risk Adjusted Performance | 0.1809 | |||
| Total Risk Alpha | 0.6897 | |||
| Sortino Ratio | 0.3023 |
Dynamic Cables Backtested Returns
Dynamic Cables is very steady given 3 months investment horizon. Dynamic Cables secures Sharpe Ratio (or Efficiency) of 0.25, which denotes the company had a 0.25% return per unit of risk over the last 3 months. We are able to interpolate and collect twenty-six different technical indicators, which can help you to evaluate if expected returns of 1.12% are justified by taking the suggested risk. Use Dynamic Cables Semi Deviation of 2.37, coefficient of variation of 459.62, and Standard Deviation of 4.29 to evaluate company specific risk that cannot be diversified away. Dynamic Cables holds a performance score of 19 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 0.0, which means not very significant fluctuations relative to the market. the returns on MARKET and Dynamic Cables are completely uncorrelated. Use Dynamic Cables maximum drawdown, potential upside, and the relationship between the sortino ratio and value at risk , to analyze future returns on Dynamic Cables.
Auto-correlation | 0.58 |
Modest predictability
Dynamic Cables Limited has modest predictability. Overlapping area represents the amount of predictability between Dynamic Cables time series from 7th of January 2023 to 2nd of January 2024 and 2nd of January 2024 to 27th 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 Dynamic Cables price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current Dynamic Cables price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | 0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 27.1 K |
Dynamic Cables lagged returns against current returns
Autocorrelation, which is Dynamic Cables 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 Dynamic Cables' stock expected returns. We can calculate the autocorrelation of Dynamic Cables returns to help us make a trade decision. For example, suppose you find that Dynamic Cables 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 |
Dynamic Cables 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 Dynamic Cables stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dynamic Cables stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dynamic Cables stock over time.
Current vs Lagged Prices |
| Timeline |
Dynamic Cables Lagged Returns
When evaluating Dynamic Cables' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dynamic Cables stock have on its future price. Dynamic Cables 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, Dynamic Cables autocorrelation shows the relationship between Dynamic Cables stock current value and its past values and can show if there is a momentum factor associated with investing in Dynamic Cables 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.Additional Tools for Dynamic Stock Analysis
When running Dynamic Cables' price analysis, check to measure Dynamic Cables' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Dynamic Cables is operating at the current time. Most of Dynamic Cables' value examination focuses on studying past and present price action to predict the probability of Dynamic Cables' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dynamic Cables' price. Additionally, you may evaluate how the addition of Dynamic Cables to your portfolios can decrease your overall portfolio volatility.