IG Petrochemicals (India) Market Value
| IGPL Stock | 572.20 17.25 2.93% |
| Symbol | IGPL |
IG Petrochemicals '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 IG Petrochemicals' 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 IG Petrochemicals.
| 12/29/2022 |
| 12/18/2024 |
If you would invest 0.00 in IG Petrochemicals on December 29, 2022 and sell it all today you would earn a total of 0.00 from holding IG Petrochemicals Limited or generate 0.0% return on investment in IG Petrochemicals over 720 days. IG Petrochemicals is related to or competes with NMDC, Steel Authority, Embassy Office, Gujarat Narmada, Gujarat Alkalies, Indian Metals, and JTL Industries. IG Petrochemicals is entity of India. It is traded as Stock on NSE exchange. More
IG Petrochemicals 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 IG Petrochemicals' 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 IG Petrochemicals Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 13.14 | |||
| Value At Risk | (3.23) | |||
| Potential Upside | 5.71 |
IG Petrochemicals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IG Petrochemicals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IG Petrochemicals' standard deviation. In reality, there are many statistical measures that can use IG Petrochemicals historical prices to predict the future IG Petrochemicals' volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.39) | |||
| Treynor Ratio | (0.22) |
IG Petrochemicals Backtested Returns
IG Petrochemicals retains Efficiency (Sharpe Ratio) of -0.0377, which attests that the entity had a -0.0377% return per unit of price deviation over the last 3 months. IG Petrochemicals exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out IG Petrochemicals' Coefficient Of Variation of (1,655), market risk adjusted performance of (0.21), and Information Ratio of (0.09) to validate the risk estimate we provide. The company owns a Beta (Systematic Risk) of 0.77, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, IG Petrochemicals' returns are expected to increase less than the market. However, during the bear market, the loss of holding IG Petrochemicals is expected to be smaller as well. At this point, IG Petrochemicals has a negative expected return of -0.1%. Please make sure to check out IG Petrochemicals' mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if IG Petrochemicals performance from the past will be repeated sooner or later.
Auto-correlation | 0.48 |
Average predictability
IG Petrochemicals Limited has average predictability. Overlapping area represents the amount of predictability between IG Petrochemicals time series from 29th of December 2022 to 24th of December 2023 and 24th of December 2023 to 18th 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 IG Petrochemicals price movement. The serial correlation of 0.48 indicates that about 48.0% of current IG Petrochemicals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.48 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 4719.77 |
IG Petrochemicals lagged returns against current returns
Autocorrelation, which is IG Petrochemicals 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 IG Petrochemicals' stock expected returns. We can calculate the autocorrelation of IG Petrochemicals returns to help us make a trade decision. For example, suppose you find that IG Petrochemicals 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 |
IG Petrochemicals 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 IG Petrochemicals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IG Petrochemicals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IG Petrochemicals stock over time.
Current vs Lagged Prices |
| Timeline |
IG Petrochemicals Lagged Returns
When evaluating IG Petrochemicals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IG Petrochemicals stock have on its future price. IG Petrochemicals 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, IG Petrochemicals autocorrelation shows the relationship between IG Petrochemicals stock current value and its past values and can show if there is a momentum factor associated with investing in IG Petrochemicals Limited.
Regressed Prices |
| Timeline |
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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.Additional Tools for IGPL Stock Analysis
When running IG Petrochemicals' price analysis, check to measure IG Petrochemicals' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy IG Petrochemicals is operating at the current time. Most of IG Petrochemicals' value examination focuses on studying past and present price action to predict the probability of IG Petrochemicals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move IG Petrochemicals' price. Additionally, you may evaluate how the addition of IG Petrochemicals to your portfolios can decrease your overall portfolio volatility.