Khaitan Chemicals (India) Market Value
| KHAICHEM | 70.69 2.97 4.03% |
| Symbol | Khaitan |
Khaitan Chemicals '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 Khaitan Chemicals' 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 Khaitan Chemicals.
| 06/25/2024 |
| 12/22/2024 |
If you would invest 0.00 in Khaitan Chemicals on June 25, 2024 and sell it all today you would earn a total of 0.00 from holding Khaitan Chemicals Fertilizers or generate 0.0% return on investment in Khaitan Chemicals over 180 days. Khaitan Chemicals is related to or competes with Fertilizers, UPL, Sumitomo Chemical, and Chambal Fertilizers. Khaitan Chemicals is entity of India. It is traded as Stock on NSE exchange. More
Khaitan Chemicals 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 Khaitan Chemicals' 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 Khaitan Chemicals Fertilizers upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 11.74 | |||
| Value At Risk | (3.86) | |||
| Potential Upside | 4.17 |
Khaitan Chemicals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Khaitan Chemicals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Khaitan Chemicals' standard deviation. In reality, there are many statistical measures that can use Khaitan Chemicals historical prices to predict the future Khaitan Chemicals' volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.28) | |||
| Treynor Ratio | (0.58) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Khaitan Chemicals' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Khaitan Chemicals Backtested Returns
Khaitan Chemicals has Sharpe Ratio of -0.0742, which conveys that the firm had a -0.0742% return per unit of risk over the last 3 months. Khaitan Chemicals exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Khaitan Chemicals' Risk Adjusted Performance of (0.06), standard deviation of 2.54, and Mean Deviation of 1.85 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.37, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Khaitan Chemicals' returns are expected to increase less than the market. However, during the bear market, the loss of holding Khaitan Chemicals is expected to be smaller as well. At this point, Khaitan Chemicals has a negative expected return of -0.19%. Please make sure to verify Khaitan Chemicals' potential upside, day median price, and the relationship between the treynor ratio and accumulation distribution , to decide if Khaitan Chemicals performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.77 |
Almost perfect reverse predictability
Khaitan Chemicals Fertilizers has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Khaitan Chemicals time series from 25th of June 2024 to 23rd of September 2024 and 23rd of September 2024 to 22nd 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 Khaitan Chemicals price movement. The serial correlation of -0.77 indicates that around 77.0% of current Khaitan Chemicals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.77 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 20.2 |
Khaitan Chemicals lagged returns against current returns
Autocorrelation, which is Khaitan Chemicals 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 Khaitan Chemicals' stock expected returns. We can calculate the autocorrelation of Khaitan Chemicals returns to help us make a trade decision. For example, suppose you find that Khaitan Chemicals 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 |
Khaitan Chemicals 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 Khaitan Chemicals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Khaitan Chemicals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Khaitan Chemicals stock over time.
Current vs Lagged Prices |
| Timeline |
Khaitan Chemicals Lagged Returns
When evaluating Khaitan Chemicals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Khaitan Chemicals stock have on its future price. Khaitan Chemicals 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, Khaitan Chemicals autocorrelation shows the relationship between Khaitan Chemicals stock current value and its past values and can show if there is a momentum factor associated with investing in Khaitan Chemicals Fertilizers.
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 Khaitan Stock
Khaitan Chemicals financial ratios help investors to determine whether Khaitan 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 Khaitan with respect to the benefits of owning Khaitan Chemicals security.