Jindal Saw (India) Market Value
| JINDALSAW | 321.75 3.75 1.15% |
| Symbol | Jindal |
Jindal Saw '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 Jindal Saw'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 Jindal Saw.
| 11/20/2023 |
| 12/14/2024 |
If you would invest 0.00 in Jindal Saw on November 20, 2023 and sell it all today you would earn a total of 0.00 from holding Jindal Saw Limited or generate 0.0% return on investment in Jindal Saw over 390 days. Jindal Saw is related to or competes with NMDC, Steel Authority, Embassy Office, Gujarat Narmada, Gujarat Alkalies, Indian Metals, and JTL Industries. Jindal Saw is entity of India. It is traded as Stock on NSE exchange. More
Jindal Saw 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 Jindal Saw'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 Jindal Saw Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 11.96 | |||
| Value At Risk | (3.78) | |||
| Potential Upside | 3.68 |
Jindal Saw Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jindal Saw's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jindal Saw's standard deviation. In reality, there are many statistical measures that can use Jindal Saw historical prices to predict the future Jindal Saw's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.37) | |||
| Treynor Ratio | (0.12) |
Jindal Saw Limited Backtested Returns
Jindal Saw Limited holds Efficiency (Sharpe) Ratio of -0.0632, which attests that the entity had a -0.0632% return per unit of risk over the last 3 months. Jindal Saw Limited exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Jindal Saw's Risk Adjusted Performance of (0.01), standard deviation of 2.41, and Market Risk Adjusted Performance of (0.11) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.53, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Jindal Saw's returns are expected to increase less than the market. However, during the bear market, the loss of holding Jindal Saw is expected to be smaller as well. At this point, Jindal Saw Limited has a negative expected return of -0.15%. Please make sure to check out Jindal Saw's kurtosis, day median price, and the relationship between the potential upside and daily balance of power , to decide if Jindal Saw Limited performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.02 |
Virtually no predictability
Jindal Saw Limited has virtually no predictability. Overlapping area represents the amount of predictability between Jindal Saw time series from 20th of November 2023 to 2nd of June 2024 and 2nd of June 2024 to 14th 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 Jindal Saw Limited price movement. The serial correlation of 0.02 indicates that only 2.0% of current Jindal Saw price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.02 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 1096.88 |
Jindal Saw Limited lagged returns against current returns
Autocorrelation, which is Jindal Saw 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 Jindal Saw's stock expected returns. We can calculate the autocorrelation of Jindal Saw returns to help us make a trade decision. For example, suppose you find that Jindal Saw 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 |
Jindal Saw 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 Jindal Saw stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jindal Saw stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jindal Saw stock over time.
Current vs Lagged Prices |
| Timeline |
Jindal Saw Lagged Returns
When evaluating Jindal Saw's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jindal Saw stock have on its future price. Jindal Saw 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, Jindal Saw autocorrelation shows the relationship between Jindal Saw stock current value and its past values and can show if there is a momentum factor associated with investing in Jindal Saw 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 Jindal Stock Analysis
When running Jindal Saw's price analysis, check to measure Jindal Saw's 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 Jindal Saw is operating at the current time. Most of Jindal Saw's value examination focuses on studying past and present price action to predict the probability of Jindal Saw's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Jindal Saw's price. Additionally, you may evaluate how the addition of Jindal Saw to your portfolios can decrease your overall portfolio volatility.