Eastern Silk (India) Market Value
| EASTSILK | 1.80 0.00 0.00% |
| Symbol | Eastern |
Eastern Silk '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 Eastern Silk'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 Eastern Silk.
| 09/19/2024 |
| 12/18/2024 |
If you would invest 0.00 in Eastern Silk on September 19, 2024 and sell it all today you would earn a total of 0.00 from holding Eastern Silk Industries or generate 0.0% return on investment in Eastern Silk over 90 days. Eastern Silk is related to or competes with Reliance Industries, Life Insurance, Indian Oil, and Oil Natural. Eastern Silk is entity of India. It is traded as Stock on NSE exchange. More
Eastern Silk 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 Eastern Silk'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 Eastern Silk Industries upside and downside potential and time the market with a certain degree of confidence.
Eastern Silk Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eastern Silk's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eastern Silk's standard deviation. In reality, there are many statistical measures that can use Eastern Silk historical prices to predict the future Eastern Silk's volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Eastern Silk's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Eastern Silk Industries Backtested Returns
We have found three technical indicators for Eastern Silk Industries, which you can use to evaluate the volatility of the firm. 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 Eastern Silk are completely uncorrelated.
Auto-correlation | 1.00 |
Perfect predictability
Eastern Silk Industries has perfect predictability. Overlapping area represents the amount of predictability between Eastern Silk time series from 19th of September 2024 to 3rd of November 2024 and 3rd of November 2024 to 18th 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 Eastern Silk Industries price movement. The serial correlation of 1.0 indicates that 100.0% of current Eastern Silk price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Eastern Silk Industries lagged returns against current returns
Autocorrelation, which is Eastern Silk 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 Eastern Silk's stock expected returns. We can calculate the autocorrelation of Eastern Silk returns to help us make a trade decision. For example, suppose you find that Eastern Silk 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 |
Eastern Silk 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 Eastern Silk stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eastern Silk stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eastern Silk stock over time.
Current vs Lagged Prices |
| Timeline |
Eastern Silk Lagged Returns
When evaluating Eastern Silk's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eastern Silk stock have on its future price. Eastern Silk 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, Eastern Silk autocorrelation shows the relationship between Eastern Silk stock current value and its past values and can show if there is a momentum factor associated with investing in Eastern Silk Industries.
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 Eastern Stock
Eastern Silk financial ratios help investors to determine whether Eastern 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 Eastern with respect to the benefits of owning Eastern Silk security.