Fairchem Organics (India) Market Value
| FAIRCHEMOR | 1,194 199.00 20.00% |
| Symbol | Fairchem |
Fairchem Organics '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 Fairchem Organics' 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 Fairchem Organics.
| 11/18/2024 |
| 12/18/2024 |
If you would invest 0.00 in Fairchem Organics on November 18, 2024 and sell it all today you would earn a total of 0.00 from holding Fairchem Organics Limited or generate 0.0% return on investment in Fairchem Organics over 30 days. Fairchem Organics is related to or competes with ILFS Investment, Byke Hospitality, California Software, Jindal Poly, R S, Bajaj Holdings, and Dhunseri Investments. Fairchem Organics is entity of India. It is traded as Stock on NSE exchange. More
Fairchem Organics 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 Fairchem Organics' 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 Fairchem Organics Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.31 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 14.99 | |||
| Value At Risk | (6.25) | |||
| Potential Upside | 3.4 |
Fairchem Organics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fairchem Organics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fairchem Organics' standard deviation. In reality, there are many statistical measures that can use Fairchem Organics historical prices to predict the future Fairchem Organics' volatility.| Risk Adjusted Performance | 0.0103 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.36) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.009 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fairchem Organics' 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.
Fairchem Organics Backtested Returns
At this point, Fairchem Organics is very steady. Fairchem Organics secures Sharpe Ratio (or Efficiency) of 0.0054, which denotes the company had a 0.0054% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Fairchem Organics Limited, which you can use to evaluate the volatility of the firm. Please confirm Fairchem Organics' Downside Deviation of 3.31, coefficient of variation of 38755.81, and Mean Deviation of 2.39 to check if the risk estimate we provide is consistent with the expected return of 0.025%. The firm shows a Beta (market volatility) of 0.18, which means not very significant fluctuations relative to the market. As returns on the market increase, Fairchem Organics' returns are expected to increase less than the market. However, during the bear market, the loss of holding Fairchem Organics is expected to be smaller as well. Fairchem Organics right now shows a risk of 4.66%. Please confirm Fairchem Organics standard deviation, value at risk, kurtosis, as well as the relationship between the sortino ratio and semi variance , to decide if Fairchem Organics will be following its price patterns.
Auto-correlation | 0.49 |
Average predictability
Fairchem Organics Limited has average predictability. Overlapping area represents the amount of predictability between Fairchem Organics time series from 18th of November 2024 to 3rd of December 2024 and 3rd of December 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 Fairchem Organics price movement. The serial correlation of 0.49 indicates that about 49.0% of current Fairchem Organics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 11.4 K |
Fairchem Organics lagged returns against current returns
Autocorrelation, which is Fairchem Organics 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 Fairchem Organics' stock expected returns. We can calculate the autocorrelation of Fairchem Organics returns to help us make a trade decision. For example, suppose you find that Fairchem Organics 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 |
Fairchem Organics 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 Fairchem Organics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fairchem Organics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fairchem Organics stock over time.
Current vs Lagged Prices |
| Timeline |
Fairchem Organics Lagged Returns
When evaluating Fairchem Organics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fairchem Organics stock have on its future price. Fairchem Organics 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, Fairchem Organics autocorrelation shows the relationship between Fairchem Organics stock current value and its past values and can show if there is a momentum factor associated with investing in Fairchem Organics 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 Fairchem Stock
Fairchem Organics financial ratios help investors to determine whether Fairchem 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 Fairchem with respect to the benefits of owning Fairchem Organics security.