Gujarat Alkalies (India) Market Value
| GUJALKALI | 786.65 4.10 0.52% |
| Symbol | Gujarat |
Gujarat Alkalies '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 Alkalies' 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 Alkalies.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Gujarat Alkalies on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Gujarat Alkalies and or generate 0.0% return on investment in Gujarat Alkalies over 30 days. Gujarat Alkalies is related to or competes with NMDC, Steel Authority, Embassy Office, Gujarat Narmada, Indian Metals, and JTL Industries. Gujarat Alkalies is entity of India. It is traded as Stock on NSE exchange. More
Gujarat Alkalies 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 Alkalies' 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 Alkalies and upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.94 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 10.86 | |||
| Value At Risk | (3.01) | |||
| Potential Upside | 3.52 |
Gujarat Alkalies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gujarat Alkalies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gujarat Alkalies' standard deviation. In reality, there are many statistical measures that can use Gujarat Alkalies historical prices to predict the future Gujarat Alkalies' volatility.| Risk Adjusted Performance | 0.0273 | |||
| Jensen Alpha | 0.0141 | |||
| Total Risk Alpha | (0.28) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.1888 |
Gujarat Alkalies Backtested Returns
At this point, Gujarat Alkalies is very steady. Gujarat Alkalies holds Efficiency (Sharpe) Ratio of 0.0291, which attests that the entity had a 0.0291% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Gujarat Alkalies, which you can use to evaluate the volatility of the firm. Please check out Gujarat Alkalies' Market Risk Adjusted Performance of 0.1988, downside deviation of 1.94, and Risk Adjusted Performance of 0.0273 to validate if the risk estimate we provide is consistent with the expected return of 0.0564%. Gujarat Alkalies has a performance score of 2 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.23, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Gujarat Alkalies' returns are expected to increase less than the market. However, during the bear market, the loss of holding Gujarat Alkalies is expected to be smaller as well. Gujarat Alkalies right now retains a risk of 1.94%. Please check out Gujarat Alkalies total risk alpha, expected short fall, market facilitation index, as well as the relationship between the value at risk and daily balance of power , to decide if Gujarat Alkalies will be following its current trending patterns.
Auto-correlation | -0.76 |
Almost perfect reverse predictability
Gujarat Alkalies and has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Gujarat Alkalies time series from 1st of November 2024 to 16th of November 2024 and 16th of November 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 Gujarat Alkalies price movement. The serial correlation of -0.76 indicates that around 76.0% of current Gujarat Alkalies price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.76 | |
| Spearman Rank Test | -0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 120.8 |
Gujarat Alkalies lagged returns against current returns
Autocorrelation, which is Gujarat Alkalies 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 Alkalies' stock expected returns. We can calculate the autocorrelation of Gujarat Alkalies returns to help us make a trade decision. For example, suppose you find that Gujarat Alkalies 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 Alkalies 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 Alkalies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gujarat Alkalies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gujarat Alkalies stock over time.
Current vs Lagged Prices |
| Timeline |
Gujarat Alkalies Lagged Returns
When evaluating Gujarat Alkalies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gujarat Alkalies stock have on its future price. Gujarat Alkalies 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 Alkalies autocorrelation shows the relationship between Gujarat Alkalies stock current value and its past values and can show if there is a momentum factor associated with investing in Gujarat Alkalies and.
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 Gujarat Stock
Gujarat Alkalies financial ratios help investors to determine whether Gujarat 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 Gujarat with respect to the benefits of owning Gujarat Alkalies security.