GTL (India) Market Value
| GTL Stock | 12.97 0.02 0.15% |
| Symbol | GTL |
GTL '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 GTL'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 GTL.
| 09/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in GTL on September 30, 2024 and sell it all today you would earn a total of 0.00 from holding GTL Limited or generate 0.0% return on investment in GTL over 60 days. GTL is related to or competes with UTI Asset, Reliance Communications, Melstar Information, Hathway Cable, One 97, Kalyani Investment, and Paramount Communications. GTL is entity of India. It is traded as Stock on NSE exchange. More
GTL 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 GTL'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 GTL Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 26.51 | |||
| Value At Risk | (5.90) | |||
| Potential Upside | 6.07 |
GTL Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GTL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GTL's standard deviation. In reality, there are many statistical measures that can use GTL historical prices to predict the future GTL's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (0.82) | |||
| Treynor Ratio | (0.13) |
GTL Limited Backtested Returns
At this point, GTL is somewhat reliable. GTL Limited holds Efficiency (Sharpe) Ratio of 0.0022, which attests that the entity had a 0.0022% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for GTL Limited, which you can use to evaluate the volatility of the firm. Please check out GTL's Coefficient Of Variation of (3,822), risk adjusted performance of (0.01), and Market Risk Adjusted Performance of (0.12) to validate if the risk estimate we provide is consistent with the expected return of 0.0103%. The company retains a Market Volatility (i.e., Beta) of 1.0, which attests to possible diversification benefits within a given portfolio. GTL returns are very sensitive to returns on the market. As the market goes up or down, GTL is expected to follow. GTL Limited currently retains a risk of 4.68%. Please check out GTL treynor ratio, accumulation distribution, price action indicator, as well as the relationship between the potential upside and day median price , to decide if GTL will be following its current trending patterns.
Auto-correlation | -0.42 |
Modest reverse predictability
GTL Limited has modest reverse predictability. Overlapping area represents the amount of predictability between GTL time series from 30th of September 2024 to 30th of October 2024 and 30th of October 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 GTL Limited price movement. The serial correlation of -0.42 indicates that just about 42.0% of current GTL price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.42 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.27 |
GTL Limited lagged returns against current returns
Autocorrelation, which is GTL 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 GTL's stock expected returns. We can calculate the autocorrelation of GTL returns to help us make a trade decision. For example, suppose you find that GTL 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 |
GTL 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 GTL stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GTL stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GTL stock over time.
Current vs Lagged Prices |
| Timeline |
GTL Lagged Returns
When evaluating GTL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GTL stock have on its future price. GTL 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, GTL autocorrelation shows the relationship between GTL stock current value and its past values and can show if there is a momentum factor associated with investing in GTL 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.Other Information on Investing in GTL Stock
GTL financial ratios help investors to determine whether GTL 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 GTL with respect to the benefits of owning GTL security.