Gujarat Narmada (India) Market Value
| GNFC Stock | 614.25 14.70 2.45% |
| Symbol | Gujarat |
Gujarat Narmada '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 Narmada'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 Narmada.
| 05/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in Gujarat Narmada on May 9, 2023 and sell it all today you would earn a total of 0.00 from holding Gujarat Narmada Valley or generate 0.0% return on investment in Gujarat Narmada over 570 days. Gujarat Narmada is related to or competes with Elgi Rubber, Sintex Plastics, Shaily Engineering, Varun Beverages, Som Distilleries, Bodhi Tree, and Clean Science. Gujarat Narmada is entity of India. It is traded as Stock on NSE exchange. More
Gujarat Narmada 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 Narmada'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 Narmada Valley upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 11.02 | |||
| Value At Risk | (3.55) | |||
| Potential Upside | 2.45 |
Gujarat Narmada Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gujarat Narmada's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gujarat Narmada's standard deviation. In reality, there are many statistical measures that can use Gujarat Narmada historical prices to predict the future Gujarat Narmada's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.44) | |||
| Treynor Ratio | (11.05) |
Gujarat Narmada Valley Backtested Returns
Gujarat Narmada Valley holds Efficiency (Sharpe) Ratio of -0.0864, which attests that the entity had a -0.0864% return per unit of risk over the last 3 months. Gujarat Narmada Valley exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Gujarat Narmada's Market Risk Adjusted Performance of (11.04), standard deviation of 2.01, and Risk Adjusted Performance of (0.04) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.0121, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Gujarat Narmada's returns are expected to increase less than the market. However, during the bear market, the loss of holding Gujarat Narmada is expected to be smaller as well. At this point, Gujarat Narmada Valley has a negative expected return of -0.18%. Please make sure to check out Gujarat Narmada's treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if Gujarat Narmada Valley performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.06 |
Very weak reverse predictability
Gujarat Narmada Valley has very weak reverse predictability. Overlapping area represents the amount of predictability between Gujarat Narmada time series from 9th of May 2023 to 18th of February 2024 and 18th of February 2024 to 29th 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 Gujarat Narmada Valley price movement. The serial correlation of -0.06 indicates that barely 6.0% of current Gujarat Narmada price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 1159.1 |
Gujarat Narmada Valley lagged returns against current returns
Autocorrelation, which is Gujarat Narmada 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 Narmada's stock expected returns. We can calculate the autocorrelation of Gujarat Narmada returns to help us make a trade decision. For example, suppose you find that Gujarat Narmada 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 Narmada 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 Narmada stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gujarat Narmada stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gujarat Narmada stock over time.
Current vs Lagged Prices |
| Timeline |
Gujarat Narmada Lagged Returns
When evaluating Gujarat Narmada's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gujarat Narmada stock have on its future price. Gujarat Narmada 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 Narmada autocorrelation shows the relationship between Gujarat Narmada stock current value and its past values and can show if there is a momentum factor associated with investing in Gujarat Narmada Valley.
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 Gujarat Stock Analysis
When running Gujarat Narmada's price analysis, check to measure Gujarat Narmada'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 Narmada is operating at the current time. Most of Gujarat Narmada's value examination focuses on studying past and present price action to predict the probability of Gujarat Narmada'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 Narmada's price. Additionally, you may evaluate how the addition of Gujarat Narmada to your portfolios can decrease your overall portfolio volatility.