G-Tec Jainx (India) Market Value
| GTECJAINX | 35.35 1.54 4.55% |
| Symbol | G-Tec |
G-Tec Jainx '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 G-Tec Jainx'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 G-Tec Jainx.
| 12/18/2024 |
| 03/18/2025 |
If you would invest 0.00 in G-Tec Jainx on December 18, 2024 and sell it all today you would earn a total of 0.00 from holding G Tec Jainx Education or generate 0.0% return on investment in G-Tec Jainx over 90 days. G-Tec Jainx is related to or competes with Kingfa Science, Jindal Steel, Associated Alcohols, Cambridge Technology, Newgen Software, Visa Steel, and GM Breweries. G-Tec Jainx is entity of India. It is traded as Stock on NSE exchange. More
G-Tec Jainx 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 G-Tec Jainx'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 G Tec Jainx Education upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 9.78 | |||
| Value At Risk | (4.96) | |||
| Potential Upside | 4.75 |
G-Tec Jainx Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for G-Tec Jainx's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as G-Tec Jainx's standard deviation. In reality, there are many statistical measures that can use G-Tec Jainx historical prices to predict the future G-Tec Jainx's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | 0.1084 | |||
| Treynor Ratio | (0.23) |
G Tec Jainx Backtested Returns
G Tec Jainx holds Efficiency (Sharpe) Ratio of -0.0164, which attests that the company had a -0.0164 % return per unit of volatility over the last 3 months. G Tec Jainx exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out G-Tec Jainx's market risk adjusted performance of (0.22), and Coefficient Of Variation of (1,633) to validate the risk estimate we provide. The firm retains a Market Volatility (i.e., Beta) of 0.77, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, G-Tec Jainx's returns are expected to increase less than the market. However, during the bear market, the loss of holding G-Tec Jainx is expected to be smaller as well. At this point, G Tec Jainx has a negative expected return of -0.046%. Please make sure to check out G-Tec Jainx's skewness, as well as the relationship between the rate of daily change and price action indicator , to decide if G Tec Jainx performance from the past will be repeated sooner or later.
Auto-correlation | 0.53 |
Modest predictability
G Tec Jainx Education has modest predictability. Overlapping area represents the amount of predictability between G-Tec Jainx time series from 18th of December 2024 to 1st of February 2025 and 1st of February 2025 to 18th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of G Tec Jainx price movement. The serial correlation of 0.53 indicates that about 53.0% of current G-Tec Jainx price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.53 | |
| Spearman Rank Test | 0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 3.96 |
G Tec Jainx lagged returns against current returns
Autocorrelation, which is G-Tec Jainx 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 G-Tec Jainx's stock expected returns. We can calculate the autocorrelation of G-Tec Jainx returns to help us make a trade decision. For example, suppose you find that G-Tec Jainx 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 |
G-Tec Jainx 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 G-Tec Jainx stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if G-Tec Jainx stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in G-Tec Jainx stock over time.
Current vs Lagged Prices |
| Timeline |
G-Tec Jainx Lagged Returns
When evaluating G-Tec Jainx's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of G-Tec Jainx stock have on its future price. G-Tec Jainx 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, G-Tec Jainx autocorrelation shows the relationship between G-Tec Jainx stock current value and its past values and can show if there is a momentum factor associated with investing in G Tec Jainx Education.
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 G-Tec Stock
G-Tec Jainx financial ratios help investors to determine whether G-Tec 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 G-Tec with respect to the benefits of owning G-Tec Jainx security.