Exxaro Tiles (India) Market Value
| EXXARO Stock | 8.76 0.06 0.69% |
| Symbol | Exxaro |
Exxaro Tiles '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 Exxaro Tiles' 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 Exxaro Tiles.
| 01/05/2024 |
| 12/30/2024 |
If you would invest 0.00 in Exxaro Tiles on January 5, 2024 and sell it all today you would earn a total of 0.00 from holding Exxaro Tiles Limited or generate 0.0% return on investment in Exxaro Tiles over 360 days. Exxaro Tiles is related to or competes with Reliance Industries, Tata Consultancy, HDFC Bank, and Bharti Airtel. Exxaro Tiles is entity of India. It is traded as Stock on NSE exchange. More
Exxaro Tiles 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 Exxaro Tiles' 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 Exxaro Tiles Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 17.3 | |||
| Information Ratio | 0.1084 | |||
| Maximum Drawdown | 989.49 | |||
| Value At Risk | (6.67) | |||
| Potential Upside | 5.37 |
Exxaro Tiles Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Exxaro Tiles' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Exxaro Tiles' standard deviation. In reality, there are many statistical measures that can use Exxaro Tiles historical prices to predict the future Exxaro Tiles' volatility.| Risk Adjusted Performance | 0.0966 | |||
| Jensen Alpha | 12.01 | |||
| Total Risk Alpha | 9.01 | |||
| Sortino Ratio | 0.6991 | |||
| Treynor Ratio | 2.58 |
Exxaro Tiles Limited Backtested Returns
Exxaro Tiles is out of control given 3 months investment horizon. Exxaro Tiles Limited secures Sharpe Ratio (or Efficiency) of 0.11, which denotes the company had a 0.11% return per unit of risk over the last 3 months. We were able to analyze twenty-nine different technical indicators, which can help you to evaluate if expected returns of 12.91% are justified by taking the suggested risk. Use Exxaro Tiles Coefficient Of Variation of 919.82, mean deviation of 26.9, and Downside Deviation of 17.3 to evaluate company specific risk that cannot be diversified away. Exxaro Tiles holds a performance score of 8 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 4.69, 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, Exxaro Tiles will likely underperform. Use Exxaro Tiles downside variance, as well as the relationship between the accumulation distribution and market facilitation index , to analyze future returns on Exxaro Tiles.
Auto-correlation | -0.09 |
Very weak reverse predictability
Exxaro Tiles Limited has very weak reverse predictability. Overlapping area represents the amount of predictability between Exxaro Tiles time series from 5th of January 2024 to 3rd of July 2024 and 3rd of July 2024 to 30th 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 Exxaro Tiles Limited price movement. The serial correlation of -0.09 indicates that less than 9.0% of current Exxaro Tiles price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.09 | |
| Spearman Rank Test | -0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 52.14 |
Exxaro Tiles Limited lagged returns against current returns
Autocorrelation, which is Exxaro Tiles 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 Exxaro Tiles' stock expected returns. We can calculate the autocorrelation of Exxaro Tiles returns to help us make a trade decision. For example, suppose you find that Exxaro Tiles 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 |
Exxaro Tiles 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 Exxaro Tiles stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Exxaro Tiles stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Exxaro Tiles stock over time.
Current vs Lagged Prices |
| Timeline |
Exxaro Tiles Lagged Returns
When evaluating Exxaro Tiles' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Exxaro Tiles stock have on its future price. Exxaro Tiles 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, Exxaro Tiles autocorrelation shows the relationship between Exxaro Tiles stock current value and its past values and can show if there is a momentum factor associated with investing in Exxaro Tiles 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 Exxaro Stock
Exxaro Tiles financial ratios help investors to determine whether Exxaro 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 Exxaro with respect to the benefits of owning Exxaro Tiles security.