Indo Rama (India) Market Value
| INDORAMA | 39.87 0.18 0.45% |
| Symbol | Indo |
Indo Rama '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 Indo Rama'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 Indo Rama.
| 11/30/2024 |
| 12/30/2024 |
If you would invest 0.00 in Indo Rama on November 30, 2024 and sell it all today you would earn a total of 0.00 from holding Indo Rama Synthetics or generate 0.0% return on investment in Indo Rama over 30 days. Indo Rama is related to or competes with Reliance Industries, HDFC Bank, Kingfa Science, Rico Auto, GACM Technologies, COSMO FIRST, and Delta Manufacturing. Indo Rama is entity of India. It is traded as Stock on NSE exchange. More
Indo Rama 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 Indo Rama'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 Indo Rama Synthetics upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 12.45 | |||
| Value At Risk | (5.44) | |||
| Potential Upside | 4.76 |
Indo Rama Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Indo Rama's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Indo Rama's standard deviation. In reality, there are many statistical measures that can use Indo Rama historical prices to predict the future Indo Rama's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.28) | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | (0.59) |
Indo Rama Synthetics Backtested Returns
Indo Rama Synthetics holds Efficiency (Sharpe) Ratio of -0.12, which attests that the entity had a -0.12% return per unit of risk over the last 3 months. Indo Rama Synthetics exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Indo Rama's Standard Deviation of 2.51, risk adjusted performance of (0.08), and Market Risk Adjusted Performance of (0.58) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.46, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Indo Rama's returns are expected to increase less than the market. However, during the bear market, the loss of holding Indo Rama is expected to be smaller as well. At this point, Indo Rama Synthetics has a negative expected return of -0.3%. Please make sure to check out Indo Rama's treynor ratio, as well as the relationship between the kurtosis and day typical price , to decide if Indo Rama Synthetics performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.8 |
Almost perfect reverse predictability
Indo Rama Synthetics has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Indo Rama time series from 30th of November 2024 to 15th of December 2024 and 15th of December 2024 to 30th 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 Indo Rama Synthetics price movement. The serial correlation of -0.8 indicates that around 80.0% of current Indo Rama price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.8 | |
| Spearman Rank Test | -0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 2.49 |
Indo Rama Synthetics lagged returns against current returns
Autocorrelation, which is Indo Rama 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 Indo Rama's stock expected returns. We can calculate the autocorrelation of Indo Rama returns to help us make a trade decision. For example, suppose you find that Indo Rama 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 |
Indo Rama 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 Indo Rama stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Indo Rama stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Indo Rama stock over time.
Current vs Lagged Prices |
| Timeline |
Indo Rama Lagged Returns
When evaluating Indo Rama's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Indo Rama stock have on its future price. Indo Rama 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, Indo Rama autocorrelation shows the relationship between Indo Rama stock current value and its past values and can show if there is a momentum factor associated with investing in Indo Rama Synthetics.
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 Indo Stock
Indo Rama financial ratios help investors to determine whether Indo 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 Indo with respect to the benefits of owning Indo Rama security.