Garware Technical (India) Market Value
| GARFIBRES | 812.75 14.15 1.77% |
| Symbol | Garware |
Garware Technical '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 Garware Technical'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 Garware Technical.
| 12/21/2024 |
| 01/20/2025 |
If you would invest 0.00 in Garware Technical on December 21, 2024 and sell it all today you would earn a total of 0.00 from holding Garware Technical Fibres or generate 0.0% return on investment in Garware Technical over 30 days. Garware Technical is related to or competes with State Bank, Reliance Industries, HDFC Bank, Tata Motors, and ICICI Bank. Garware Technical is entity of India. It is traded as Stock on NSE exchange. More
Garware Technical 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 Garware Technical'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 Garware Technical Fibres upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 17.65 | |||
| Information Ratio | 0.123 | |||
| Maximum Drawdown | 112913.88 | |||
| Value At Risk | (5.59) | |||
| Potential Upside | 5.04 |
Garware Technical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Garware Technical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Garware Technical's standard deviation. In reality, there are many statistical measures that can use Garware Technical historical prices to predict the future Garware Technical's volatility.| Risk Adjusted Performance | 0.1128 | |||
| Jensen Alpha | 1722.87 | |||
| Total Risk Alpha | 1380.58 | |||
| Sortino Ratio | 96.75 | |||
| Treynor Ratio | (2.23) |
Garware Technical Fibres Backtested Returns
Garware Technical is out of control given 3 months investment horizon. Garware Technical Fibres holds Efficiency (Sharpe) Ratio of 0.11, which attests that the entity had a 0.11 % return per unit of risk over the last 3 months. We were able to interpolate data for twenty-eight different technical indicators, which can help you to evaluate if expected returns of 14.54% are justified by taking the suggested risk. Use Garware Technical Fibres Risk Adjusted Performance of 0.1128, coefficient of variation of 813.13, and Market Risk Adjusted Performance of (2.22) to evaluate company specific risk that cannot be diversified away. Garware Technical holds a performance score of 8 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of -765.47, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Garware Technical are expected to decrease by larger amounts. On the other hand, during market turmoil, Garware Technical is expected to outperform it. Use Garware Technical Fibres expected short fall, and the relationship between the value at risk and daily balance of power , to analyze future returns on Garware Technical Fibres.
Auto-correlation | -0.78 |
Almost perfect reverse predictability
Garware Technical Fibres has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Garware Technical time series from 21st of December 2024 to 5th of January 2025 and 5th of January 2025 to 20th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Garware Technical Fibres price movement. The serial correlation of -0.78 indicates that around 78.0% of current Garware Technical price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.78 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 1570.5 |
Garware Technical Fibres lagged returns against current returns
Autocorrelation, which is Garware Technical 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 Garware Technical's stock expected returns. We can calculate the autocorrelation of Garware Technical returns to help us make a trade decision. For example, suppose you find that Garware Technical 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 |
Garware Technical 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 Garware Technical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Garware Technical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Garware Technical stock over time.
Current vs Lagged Prices |
| Timeline |
Garware Technical Lagged Returns
When evaluating Garware Technical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Garware Technical stock have on its future price. Garware Technical 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, Garware Technical autocorrelation shows the relationship between Garware Technical stock current value and its past values and can show if there is a momentum factor associated with investing in Garware Technical Fibres.
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.Additional Tools for Garware Stock Analysis
When running Garware Technical's price analysis, check to measure Garware Technical's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Garware Technical is operating at the current time. Most of Garware Technical's value examination focuses on studying past and present price action to predict the probability of Garware Technical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Garware Technical's price. Additionally, you may evaluate how the addition of Garware Technical to your portfolios can decrease your overall portfolio volatility.