Generic Engineering (India) Market Value
| GENCON Stock | 40.05 0.08 0.20% |
| Symbol | Generic |
Generic Engineering '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 Generic Engineering'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 Generic Engineering.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Generic Engineering on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Generic Engineering Construction or generate 0.0% return on investment in Generic Engineering over 30 days. Generic Engineering is related to or competes with Chambal Fertilizers, Life Insurance, UCO Bank, Bank of Maharashtra, Tata Chemicals, Neogen Chemicals, and Karur Vysya. Generic Engineering is entity of India. It is traded as Stock on NSE exchange. More
Generic Engineering 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 Generic Engineering'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 Generic Engineering Construction upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 11.75 | |||
| Value At Risk | (4.27) | |||
| Potential Upside | 4.08 |
Generic Engineering Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Generic Engineering's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Generic Engineering's standard deviation. In reality, there are many statistical measures that can use Generic Engineering historical prices to predict the future Generic Engineering's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.34) | |||
| Total Risk Alpha | (0.71) | |||
| Treynor Ratio | (1.05) |
Generic Engineering Backtested Returns
Generic Engineering 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. Generic Engineering exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Generic Engineering's Market Risk Adjusted Performance of (1.04), standard deviation of 2.43, and Risk Adjusted Performance of (0.08) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.29, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Generic Engineering's returns are expected to increase less than the market. However, during the bear market, the loss of holding Generic Engineering is expected to be smaller as well. At this point, Generic Engineering has a negative expected return of -0.27%. Please make sure to check out Generic Engineering's value at risk, as well as the relationship between the accumulation distribution and day typical price , to decide if Generic Engineering performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.24 |
Weak predictability
Generic Engineering Construction has weak predictability. Overlapping area represents the amount of predictability between Generic Engineering time series from 31st of October 2024 to 15th of November 2024 and 15th of November 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 Generic Engineering price movement. The serial correlation of 0.24 indicates that over 24.0% of current Generic Engineering price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.95 |
Generic Engineering lagged returns against current returns
Autocorrelation, which is Generic Engineering 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 Generic Engineering's stock expected returns. We can calculate the autocorrelation of Generic Engineering returns to help us make a trade decision. For example, suppose you find that Generic Engineering 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 |
Generic Engineering 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 Generic Engineering stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Generic Engineering stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Generic Engineering stock over time.
Current vs Lagged Prices |
| Timeline |
Generic Engineering Lagged Returns
When evaluating Generic Engineering's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Generic Engineering stock have on its future price. Generic Engineering 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, Generic Engineering autocorrelation shows the relationship between Generic Engineering stock current value and its past values and can show if there is a momentum factor associated with investing in Generic Engineering Construction.
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 Generic Stock
Generic Engineering financial ratios help investors to determine whether Generic 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 Generic with respect to the benefits of owning Generic Engineering security.