Garware Hi (India) Market Value
| GRWRHITECH | 4,937 3.05 0.06% |
| Symbol | Garware |
Garware Hi '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 Hi'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 Hi.
| 09/02/2024 |
| 12/01/2024 |
If you would invest 0.00 in Garware Hi on September 2, 2024 and sell it all today you would earn a total of 0.00 from holding Garware Hi Tech Films or generate 0.0% return on investment in Garware Hi over 90 days. Garware Hi is related to or competes with Nucleus Software, Neogen Chemicals, Mangalore Chemicals, Tata Chemicals, Zuari Agro, SBI Life, and Thirumalai Chemicals. Garware Hi is entity of India. It is traded as Stock on NSE exchange. More
Garware Hi 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 Hi'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 Hi Tech Films upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.23 | |||
| Information Ratio | 0.1559 | |||
| Maximum Drawdown | 18.06 | |||
| Value At Risk | (4.39) | |||
| Potential Upside | 8.13 |
Garware Hi Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Garware Hi's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Garware Hi's standard deviation. In reality, there are many statistical measures that can use Garware Hi historical prices to predict the future Garware Hi's volatility.| Risk Adjusted Performance | 0.1542 | |||
| Jensen Alpha | 0.7597 | |||
| Total Risk Alpha | 0.0847 | |||
| Sortino Ratio | 0.1889 | |||
| Treynor Ratio | (4.11) |
Garware Hi Tech Backtested Returns
Garware Hi appears to be very steady, given 3 months investment horizon. Garware Hi Tech holds Efficiency (Sharpe) Ratio of 0.19, which attests that the entity had a 0.19% return per unit of risk over the last 3 months. By evaluating Garware Hi's technical indicators, you can evaluate if the expected return of 0.73% is justified by implied risk. Please utilize Garware Hi's Downside Deviation of 3.23, market risk adjusted performance of (4.10), and Risk Adjusted Performance of 0.1542 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Garware Hi holds a performance score of 14. The company retains a Market Volatility (i.e., Beta) of -0.18, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Garware Hi are expected to decrease at a much lower rate. During the bear market, Garware Hi is likely to outperform the market. Please check Garware Hi's skewness, and the relationship between the value at risk and day median price , to make a quick decision on whether Garware Hi's current trending patterns will revert.
Auto-correlation | 0.81 |
Very good predictability
Garware Hi Tech Films has very good predictability. Overlapping area represents the amount of predictability between Garware Hi time series from 2nd of September 2024 to 17th of October 2024 and 17th of October 2024 to 1st 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 Garware Hi Tech price movement. The serial correlation of 0.81 indicates that around 81.0% of current Garware Hi price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 200.2 K |
Garware Hi Tech lagged returns against current returns
Autocorrelation, which is Garware Hi 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 Hi's stock expected returns. We can calculate the autocorrelation of Garware Hi returns to help us make a trade decision. For example, suppose you find that Garware Hi 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 Hi 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 Hi stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Garware Hi stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Garware Hi stock over time.
Current vs Lagged Prices |
| Timeline |
Garware Hi Lagged Returns
When evaluating Garware Hi's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Garware Hi stock have on its future price. Garware Hi 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 Hi autocorrelation shows the relationship between Garware Hi stock current value and its past values and can show if there is a momentum factor associated with investing in Garware Hi Tech Films.
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 Garware Stock Analysis
When running Garware Hi's price analysis, check to measure Garware Hi'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 Hi is operating at the current time. Most of Garware Hi's value examination focuses on studying past and present price action to predict the probability of Garware Hi'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 Hi's price. Additionally, you may evaluate how the addition of Garware Hi to your portfolios can decrease your overall portfolio volatility.