Hisar Metal (India) Market Value
| HISARMETAL | 209.76 0.99 0.47% |
| Symbol | Hisar |
Hisar Metal '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 Hisar Metal'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 Hisar Metal.
| 12/21/2024 |
| 03/21/2025 |
If you would invest 0.00 in Hisar Metal on December 21, 2024 and sell it all today you would earn a total of 0.00 from holding Hisar Metal Industries or generate 0.0% return on investment in Hisar Metal over 90 days. Hisar Metal is related to or competes with RBL Bank, UCO Bank, Ankit Metal, Transport, LLOYDS METALS, Federal Bank, and Industrial Investment. Hisar Metal is entity of India. It is traded as Stock on NSE exchange. More
Hisar Metal 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 Hisar Metal'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 Hisar Metal Industries upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.58 | |||
| Information Ratio | 0.0782 | |||
| Maximum Drawdown | 17.28 | |||
| Value At Risk | (4.01) | |||
| Potential Upside | 5.75 |
Hisar Metal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hisar Metal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hisar Metal's standard deviation. In reality, there are many statistical measures that can use Hisar Metal historical prices to predict the future Hisar Metal's volatility.| Risk Adjusted Performance | 0.0582 | |||
| Jensen Alpha | 0.1883 | |||
| Total Risk Alpha | 0.4361 | |||
| Sortino Ratio | 0.0953 | |||
| Treynor Ratio | 0.7305 |
Hisar Metal Industries Backtested Returns
At this point, Hisar Metal is very steady. Hisar Metal Industries holds Efficiency (Sharpe) Ratio of 0.0137, which attests that the entity had a 0.0137 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Hisar Metal Industries, which you can use to evaluate the volatility of the firm. Please check out Hisar Metal's Risk Adjusted Performance of 0.0582, downside deviation of 2.58, and Market Risk Adjusted Performance of 0.7405 to validate if the risk estimate we provide is consistent with the expected return of 0.0401%. Hisar Metal has a performance score of 1 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, Hisar Metal's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hisar Metal is expected to be smaller as well. Hisar Metal Industries right now retains a risk of 2.93%. Please check out Hisar Metal skewness, and the relationship between the value at risk and day median price , to decide if Hisar Metal will be following its current trending patterns.
Auto-correlation | 0.11 |
Insignificant predictability
Hisar Metal Industries has insignificant predictability. Overlapping area represents the amount of predictability between Hisar Metal time series from 21st of December 2024 to 4th of February 2025 and 4th of February 2025 to 21st 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 Hisar Metal Industries price movement. The serial correlation of 0.11 indicates that less than 11.0% of current Hisar Metal price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.11 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 134.77 |
Hisar Metal Industries lagged returns against current returns
Autocorrelation, which is Hisar Metal 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 Hisar Metal's stock expected returns. We can calculate the autocorrelation of Hisar Metal returns to help us make a trade decision. For example, suppose you find that Hisar Metal 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 |
Hisar Metal 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 Hisar Metal stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hisar Metal stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hisar Metal stock over time.
Current vs Lagged Prices |
| Timeline |
Hisar Metal Lagged Returns
When evaluating Hisar Metal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hisar Metal stock have on its future price. Hisar Metal 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, Hisar Metal autocorrelation shows the relationship between Hisar Metal stock current value and its past values and can show if there is a momentum factor associated with investing in Hisar Metal Industries.
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 Hisar Stock
Hisar Metal financial ratios help investors to determine whether Hisar 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 Hisar with respect to the benefits of owning Hisar Metal security.