Garware Technical's market value is the price at which a share of Garware Technical trades on a public exchange. It measures the collective expectations of Garware Technical Fibres investors about its performance. Garware Technical is selling at 4650.95 as of the 3rd of January 2025; that is 2.24 percent decrease since the beginning of the trading day. The stock's lowest day price was 4600.0. With this module, you can estimate the performance of a buy and hold strategy of Garware Technical Fibres and determine expected loss or profit from investing in Garware Technical over a given investment horizon. Check out Garware Technical Correlation, Garware Technical Volatility and Garware Technical Alpha and Beta module to complement your research on Garware Technical.
Please note, there is a significant difference between Garware Technical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Garware Technical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Garware Technical's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
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.
0.00
03/15/2023
No Change 0.00
0.0
In 1 year 9 months and 23 days
01/03/2025
0.00
If you would invest 0.00 in Garware Technical on March 15, 2023 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 660 days. Garware Technical is related to or competes with Reliance Industries, Oil Natural, Indian Oil, and HDFC 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.
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.
Garware Technical appears to be very steady, given 3 months investment horizon. Garware Technical Fibres holds Efficiency (Sharpe) Ratio of 0.1, which attests that the entity had a 0.1% return per unit of risk over the last 3 months. We have found thirty technical indicators for Garware Technical Fibres, which you can use to evaluate the volatility of the firm. Please utilize Garware Technical's Downside Deviation of 2.73, market risk adjusted performance of (61.88), and Risk Adjusted Performance of 0.0669 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Garware Technical holds a performance score of 7. The company retains a Market Volatility (i.e., Beta) of -0.004, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Garware Technical are expected to decrease at a much lower rate. During the bear market, Garware Technical is likely to outperform the market. Please check Garware Technical's maximum drawdown, accumulation distribution, relative strength index, as well as the relationship between the semi variance and day typical price , to make a quick decision on whether Garware Technical's current trending patterns will revert.
Auto-correlation
0.78
Good predictability
Garware Technical Fibres has good predictability. Overlapping area represents the amount of predictability between Garware Technical time series from 15th of March 2023 to 8th of February 2024 and 8th of February 2024 to 3rd 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
0.77
Residual Average
0.0
Price Variance
190.7 K
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
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.
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.