Jyoti CNC (India) Market Value
| JYOTICNC | 1,345 4.35 0.32% |
| Symbol | Jyoti |
Jyoti CNC '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 Jyoti CNC'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 Jyoti CNC.
| 01/07/2023 |
| 12/27/2024 |
If you would invest 0.00 in Jyoti CNC on January 7, 2023 and sell it all today you would earn a total of 0.00 from holding Jyoti CNC Automation or generate 0.0% return on investment in Jyoti CNC over 720 days. Jyoti CNC is related to or competes with Kaushalya Infrastructure, Tarapur Transformers, Kingfa Science, Rico Auto, GACM Technologies, COSMO FIRST, and Delta Manufacturing. Jyoti CNC is entity of India. It is traded as Stock on NSE exchange. More
Jyoti CNC 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 Jyoti CNC'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 Jyoti CNC Automation upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.23 | |||
| Information Ratio | 0.0728 | |||
| Maximum Drawdown | 13.76 | |||
| Value At Risk | (3.42) | |||
| Potential Upside | 4.3 |
Jyoti CNC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jyoti CNC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jyoti CNC's standard deviation. In reality, there are many statistical measures that can use Jyoti CNC historical prices to predict the future Jyoti CNC's volatility.| Risk Adjusted Performance | 0.0804 | |||
| Jensen Alpha | 0.2362 | |||
| Total Risk Alpha | 0.0932 | |||
| Sortino Ratio | 0.089 | |||
| Treynor Ratio | 1.78 |
Jyoti CNC Automation Backtested Returns
Jyoti CNC appears to be very steady, given 3 months investment horizon. Jyoti CNC Automation holds Efficiency (Sharpe) Ratio of 0.11, which attests that the entity had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Jyoti CNC Automation, which you can use to evaluate the volatility of the firm. Please utilize Jyoti CNC's Market Risk Adjusted Performance of 1.79, risk adjusted performance of 0.0804, and Downside Deviation of 2.23 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Jyoti CNC holds a performance score of 8. The company retains a Market Volatility (i.e., Beta) of 0.14, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Jyoti CNC's returns are expected to increase less than the market. However, during the bear market, the loss of holding Jyoti CNC is expected to be smaller as well. Please check Jyoti CNC's expected short fall, and the relationship between the maximum drawdown and rate of daily change , to make a quick decision on whether Jyoti CNC's current trending patterns will revert.
Auto-correlation | 0.00 |
No correlation between past and present
Jyoti CNC Automation has no correlation between past and present. Overlapping area represents the amount of predictability between Jyoti CNC time series from 7th of January 2023 to 2nd of January 2024 and 2nd of January 2024 to 27th 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 Jyoti CNC Automation price movement. The serial correlation of 0.0 indicates that just 0.0% of current Jyoti CNC price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Jyoti CNC Automation lagged returns against current returns
Autocorrelation, which is Jyoti CNC 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 Jyoti CNC's stock expected returns. We can calculate the autocorrelation of Jyoti CNC returns to help us make a trade decision. For example, suppose you find that Jyoti CNC 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 |
Jyoti CNC 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 Jyoti CNC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jyoti CNC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jyoti CNC stock over time.
Current vs Lagged Prices |
| Timeline |
Jyoti CNC Lagged Returns
When evaluating Jyoti CNC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jyoti CNC stock have on its future price. Jyoti CNC 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, Jyoti CNC autocorrelation shows the relationship between Jyoti CNC stock current value and its past values and can show if there is a momentum factor associated with investing in Jyoti CNC Automation.
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 Jyoti Stock
Jyoti CNC financial ratios help investors to determine whether Jyoti 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 Jyoti with respect to the benefits of owning Jyoti CNC security.