Hindcon Chemicals (India) Market Value
| HINDCON Stock | 30.79 1.31 4.08% |
| Symbol | Hindcon |
Hindcon Chemicals '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 Hindcon Chemicals' 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 Hindcon Chemicals.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Hindcon Chemicals on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Hindcon Chemicals Limited or generate 0.0% return on investment in Hindcon Chemicals over 90 days. Hindcon Chemicals is related to or competes with Newgen Software, Computer Age, 63 Moons, Sasken Technologies, LT Technology, Dev Information, and IdeaForge Technology. Hindcon Chemicals is entity of India. It is traded as Stock on NSE exchange. More
Hindcon Chemicals 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 Hindcon Chemicals' 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 Hindcon Chemicals Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 10.02 | |||
| Value At Risk | (4.86) | |||
| Potential Upside | 4.6 |
Hindcon Chemicals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hindcon Chemicals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hindcon Chemicals' standard deviation. In reality, there are many statistical measures that can use Hindcon Chemicals historical prices to predict the future Hindcon Chemicals' volatility.| Risk Adjusted Performance | (0.22) | |||
| Jensen Alpha | (0.70) | |||
| Total Risk Alpha | (0.36) | |||
| Treynor Ratio | 3.9 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hindcon Chemicals' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hindcon Chemicals Backtested Returns
Hindcon Chemicals holds Efficiency (Sharpe) Ratio of -0.26, which attests that the entity had a -0.26 % return per unit of risk over the last 3 months. Hindcon Chemicals exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hindcon Chemicals' Risk Adjusted Performance of (0.22), market risk adjusted performance of 3.91, and Standard Deviation of 2.51 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.17, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Hindcon Chemicals are expected to decrease at a much lower rate. During the bear market, Hindcon Chemicals is likely to outperform the market. At this point, Hindcon Chemicals has a negative expected return of -0.69%. Please make sure to check out Hindcon Chemicals' maximum drawdown, daily balance of power, period momentum indicator, as well as the relationship between the skewness and day typical price , to decide if Hindcon Chemicals performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.89 |
Very good predictability
Hindcon Chemicals Limited has very good predictability. Overlapping area represents the amount of predictability between Hindcon Chemicals time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 Hindcon Chemicals price movement. The serial correlation of 0.89 indicates that approximately 89.0% of current Hindcon Chemicals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.89 | |
| Spearman Rank Test | 0.86 | |
| Residual Average | 0.0 | |
| Price Variance | 9.24 |
Hindcon Chemicals lagged returns against current returns
Autocorrelation, which is Hindcon Chemicals 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 Hindcon Chemicals' stock expected returns. We can calculate the autocorrelation of Hindcon Chemicals returns to help us make a trade decision. For example, suppose you find that Hindcon Chemicals 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 |
Hindcon Chemicals 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 Hindcon Chemicals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hindcon Chemicals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hindcon Chemicals stock over time.
Current vs Lagged Prices |
| Timeline |
Hindcon Chemicals Lagged Returns
When evaluating Hindcon Chemicals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hindcon Chemicals stock have on its future price. Hindcon Chemicals 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, Hindcon Chemicals autocorrelation shows the relationship between Hindcon Chemicals stock current value and its past values and can show if there is a momentum factor associated with investing in Hindcon Chemicals 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 Hindcon Stock
Hindcon Chemicals financial ratios help investors to determine whether Hindcon 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 Hindcon with respect to the benefits of owning Hindcon Chemicals security.