Fine Organic (India) Market Value
| FINEORG Stock | 5,198 17.30 0.33% |
| Symbol | Fine |
Fine Organic '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 Fine Organic'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 Fine Organic.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Fine Organic on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Fine Organic Industries or generate 0.0% return on investment in Fine Organic over 180 days. Fine Organic is related to or competes with NMDC, Steel Authority, Embassy Office, Gujarat Narmada, Gujarat Alkalies, Indian Metals, and JTL Industries. Fine Organic is entity of India. It is traded as Stock on NSE exchange. More
Fine Organic 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 Fine Organic'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 Fine Organic Industries upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 11.59 | |||
| Value At Risk | (3.06) | |||
| Potential Upside | 3.99 |
Fine Organic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fine Organic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fine Organic's standard deviation. In reality, there are many statistical measures that can use Fine Organic historical prices to predict the future Fine Organic's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.45) | |||
| Treynor Ratio | (0.12) |
Fine Organic Industries Backtested Returns
At this point, Fine Organic is very steady. Fine Organic Industries secures Sharpe Ratio (or Efficiency) of 0.0022, which denotes the company had a 0.0022% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Fine Organic Industries, which you can use to evaluate the volatility of the firm. Please confirm Fine Organic's Variance of 5.04, mean deviation of 1.57, and Standard Deviation of 2.24 to check if the risk estimate we provide is consistent with the expected return of 0.0049%. The firm shows a Beta (market volatility) of 0.63, which means possible diversification benefits within a given portfolio. As returns on the market increase, Fine Organic's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fine Organic is expected to be smaller as well. Fine Organic Industries right now shows a risk of 2.27%. Please confirm Fine Organic Industries potential upside, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Fine Organic Industries will be following its price patterns.
Auto-correlation | -0.69 |
Very good reverse predictability
Fine Organic Industries has very good reverse predictability. Overlapping area represents the amount of predictability between Fine Organic time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th of November 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 Fine Organic Industries price movement. The serial correlation of -0.69 indicates that around 69.0% of current Fine Organic price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.69 | |
| Spearman Rank Test | -0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 50.4 K |
Fine Organic Industries lagged returns against current returns
Autocorrelation, which is Fine Organic 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 Fine Organic's stock expected returns. We can calculate the autocorrelation of Fine Organic returns to help us make a trade decision. For example, suppose you find that Fine Organic 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 |
Fine Organic 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 Fine Organic stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fine Organic stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fine Organic stock over time.
Current vs Lagged Prices |
| Timeline |
Fine Organic Lagged Returns
When evaluating Fine Organic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fine Organic stock have on its future price. Fine Organic 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, Fine Organic autocorrelation shows the relationship between Fine Organic stock current value and its past values and can show if there is a momentum factor associated with investing in Fine Organic Industries.
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 Fine Stock
Fine Organic financial ratios help investors to determine whether Fine 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 Fine with respect to the benefits of owning Fine Organic security.