Gillette India (India) Market Value
| GILLETTE | 9,414 272.85 2.82% |
| Symbol | Gillette |
Gillette India '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 Gillette India'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 Gillette India.
| 11/28/2023 |
| 12/22/2024 |
If you would invest 0.00 in Gillette India on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding Gillette India Limited or generate 0.0% return on investment in Gillette India over 390 days. Gillette India is related to or competes with JB Chemicals, IdeaForge Technology, Oriental Carbon, California Software, Chambal Fertilizers, Nucleus Software, and Sukhjit Starch. Gillette India is entity of India. It is traded as Stock on NSE exchange. More
Gillette India 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 Gillette India'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 Gillette India Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.7 | |||
| Information Ratio | 0.0283 | |||
| Maximum Drawdown | 15.5 | |||
| Value At Risk | (2.69) | |||
| Potential Upside | 3.77 |
Gillette India Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gillette India's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gillette India's standard deviation. In reality, there are many statistical measures that can use Gillette India historical prices to predict the future Gillette India's volatility.| Risk Adjusted Performance | 0.0392 | |||
| Jensen Alpha | 0.1 | |||
| Total Risk Alpha | 0.0229 | |||
| Sortino Ratio | 0.0432 | |||
| Treynor Ratio | (0.51) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Gillette India's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Gillette India Backtested Returns
Currently, Gillette India Limited is very steady. Gillette India holds Efficiency (Sharpe) Ratio of 0.0539, which attests that the entity had a 0.0539% return per unit of risk over the last 3 months. We have found thirty technical indicators for Gillette India, which you can use to evaluate the volatility of the firm. Please check out Gillette India's Risk Adjusted Performance of 0.0392, market risk adjusted performance of (0.50), and Downside Deviation of 1.7 to validate if the risk estimate we provide is consistent with the expected return of 0.14%. Gillette India has a performance score of 4 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.19, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Gillette India are expected to decrease at a much lower rate. During the bear market, Gillette India is likely to outperform the market. Gillette India right now retains a risk of 2.64%. Please check out Gillette India total risk alpha, expected short fall, market facilitation index, as well as the relationship between the value at risk and daily balance of power , to decide if Gillette India will be following its current trending patterns.
Auto-correlation | 0.60 |
Good predictability
Gillette India Limited has good predictability. Overlapping area represents the amount of predictability between Gillette India time series from 28th of November 2023 to 10th of June 2024 and 10th of June 2024 to 22nd 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 Gillette India price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current Gillette India price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.6 | |
| Spearman Rank Test | 0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 789.2 K |
Gillette India lagged returns against current returns
Autocorrelation, which is Gillette India 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 Gillette India's stock expected returns. We can calculate the autocorrelation of Gillette India returns to help us make a trade decision. For example, suppose you find that Gillette India 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 |
Gillette India 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 Gillette India stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gillette India stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gillette India stock over time.
Current vs Lagged Prices |
| Timeline |
Gillette India Lagged Returns
When evaluating Gillette India's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gillette India stock have on its future price. Gillette India 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, Gillette India autocorrelation shows the relationship between Gillette India stock current value and its past values and can show if there is a momentum factor associated with investing in Gillette India Limited.
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.Additional Tools for Gillette Stock Analysis
When running Gillette India's price analysis, check to measure Gillette India'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 Gillette India is operating at the current time. Most of Gillette India's value examination focuses on studying past and present price action to predict the probability of Gillette India's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gillette India's price. Additionally, you may evaluate how the addition of Gillette India to your portfolios can decrease your overall portfolio volatility.