Fineotex Chemical (India) Market Value
| FCL Stock | 354.00 1.80 0.51% |
| Symbol | Fineotex |
Fineotex Chemical '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 Fineotex Chemical'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 Fineotex Chemical.
| 12/18/2023 |
| 12/12/2024 |
If you would invest 0.00 in Fineotex Chemical on December 18, 2023 and sell it all today you would earn a total of 0.00 from holding Fineotex Chemical Limited or generate 0.0% return on investment in Fineotex Chemical over 360 days. Fineotex Chemical is related to or competes with Lotus Eye, Aster DM, Sakar Healthcare, SANOFI S, Global Health, Byke Hospitality, and General Insurance. Fineotex Chemical is entity of India. It is traded as Stock on NSE exchange. More
Fineotex Chemical 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 Fineotex Chemical'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 Fineotex Chemical Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 14.77 | |||
| Value At Risk | (4.95) | |||
| Potential Upside | 3.84 |
Fineotex Chemical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fineotex Chemical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fineotex Chemical's standard deviation. In reality, there are many statistical measures that can use Fineotex Chemical historical prices to predict the future Fineotex Chemical's volatility.| Risk Adjusted Performance | 0.0042 | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.43) | |||
| Treynor Ratio | (0.03) |
Fineotex Chemical Backtested Returns
Fineotex Chemical secures Sharpe Ratio (or Efficiency) of -0.0722, which denotes the company had a -0.0722% return per unit of risk over the last 3 months. Fineotex Chemical Limited exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fineotex Chemical's Standard Deviation of 2.59, variance of 6.73, and Mean Deviation of 1.85 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.73, which means possible diversification benefits within a given portfolio. As returns on the market increase, Fineotex Chemical's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fineotex Chemical is expected to be smaller as well. At this point, Fineotex Chemical has a negative expected return of -0.17%. Please make sure to confirm Fineotex Chemical's skewness, rate of daily change, and the relationship between the value at risk and accumulation distribution , to decide if Fineotex Chemical performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.07 |
Virtually no predictability
Fineotex Chemical Limited has virtually no predictability. Overlapping area represents the amount of predictability between Fineotex Chemical time series from 18th of December 2023 to 15th of June 2024 and 15th of June 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 Fineotex Chemical price movement. The serial correlation of 0.07 indicates that barely 7.0% of current Fineotex Chemical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.07 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 394.53 |
Fineotex Chemical lagged returns against current returns
Autocorrelation, which is Fineotex Chemical 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 Fineotex Chemical's stock expected returns. We can calculate the autocorrelation of Fineotex Chemical returns to help us make a trade decision. For example, suppose you find that Fineotex Chemical 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 |
Fineotex Chemical 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 Fineotex Chemical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fineotex Chemical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fineotex Chemical stock over time.
Current vs Lagged Prices |
| Timeline |
Fineotex Chemical Lagged Returns
When evaluating Fineotex Chemical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fineotex Chemical stock have on its future price. Fineotex Chemical 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, Fineotex Chemical autocorrelation shows the relationship between Fineotex Chemical stock current value and its past values and can show if there is a momentum factor associated with investing in Fineotex Chemical 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.Other Information on Investing in Fineotex Stock
Fineotex Chemical financial ratios help investors to determine whether Fineotex 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 Fineotex with respect to the benefits of owning Fineotex Chemical security.