Gujarat Lease (India) Market Value
| GLFL Stock | 8.97 0.41 4.79% |
| Symbol | Gujarat |
Gujarat Lease '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 Gujarat Lease'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 Gujarat Lease.
| 12/14/2022 |
| 12/03/2024 |
If you would invest 0.00 in Gujarat Lease on December 14, 2022 and sell it all today you would earn a total of 0.00 from holding Gujarat Lease Financing or generate 0.0% return on investment in Gujarat Lease over 720 days. Gujarat Lease is related to or competes with Hilton Metal, Karur Vysya, IDBI Bank, Indian Metals, Hybrid Financial, Metalyst Forgings, and Tamilnad Mercantile. Gujarat Lease is entity of India. It is traded as Stock on NSE exchange. More
Gujarat Lease 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 Gujarat Lease'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 Gujarat Lease Financing upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.86 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 7.26 | |||
| Value At Risk | (2.11) | |||
| Potential Upside | 4.86 |
Gujarat Lease Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gujarat Lease's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gujarat Lease's standard deviation. In reality, there are many statistical measures that can use Gujarat Lease historical prices to predict the future Gujarat Lease's volatility.| Risk Adjusted Performance | 0.0328 | |||
| Jensen Alpha | 6.0E-4 | |||
| Total Risk Alpha | (0.28) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.1152 |
Gujarat Lease Financing Backtested Returns
Gujarat Lease appears to be somewhat reliable, given 3 months investment horizon. Gujarat Lease Financing holds Efficiency (Sharpe) Ratio of 0.093, which attests that the entity had a 0.093% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Gujarat Lease Financing, which you can use to evaluate the volatility of the firm. Please utilize Gujarat Lease's Market Risk Adjusted Performance of 0.1252, risk adjusted performance of 0.0328, and Downside Deviation of 1.86 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Gujarat Lease holds a performance score of 7. The company retains a Market Volatility (i.e., Beta) of 0.6, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Gujarat Lease's returns are expected to increase less than the market. However, during the bear market, the loss of holding Gujarat Lease is expected to be smaller as well. Please check Gujarat Lease's jensen alpha, sortino ratio, and the relationship between the standard deviation and total risk alpha , to make a quick decision on whether Gujarat Lease's current trending patterns will revert.
Auto-correlation | -0.39 |
Poor reverse predictability
Gujarat Lease Financing has poor reverse predictability. Overlapping area represents the amount of predictability between Gujarat Lease time series from 14th of December 2022 to 9th of December 2023 and 9th of December 2023 to 3rd 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 Gujarat Lease Financing price movement. The serial correlation of -0.39 indicates that just about 39.0% of current Gujarat Lease price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 2.08 |
Gujarat Lease Financing lagged returns against current returns
Autocorrelation, which is Gujarat Lease 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 Gujarat Lease's stock expected returns. We can calculate the autocorrelation of Gujarat Lease returns to help us make a trade decision. For example, suppose you find that Gujarat Lease 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 |
Gujarat Lease 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 Gujarat Lease stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gujarat Lease stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gujarat Lease stock over time.
Current vs Lagged Prices |
| Timeline |
Gujarat Lease Lagged Returns
When evaluating Gujarat Lease's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gujarat Lease stock have on its future price. Gujarat Lease 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, Gujarat Lease autocorrelation shows the relationship between Gujarat Lease stock current value and its past values and can show if there is a momentum factor associated with investing in Gujarat Lease Financing.
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 Gujarat Stock Analysis
When running Gujarat Lease's price analysis, check to measure Gujarat Lease'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 Gujarat Lease is operating at the current time. Most of Gujarat Lease's value examination focuses on studying past and present price action to predict the probability of Gujarat Lease's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gujarat Lease's price. Additionally, you may evaluate how the addition of Gujarat Lease to your portfolios can decrease your overall portfolio volatility.