Kalyani Steels (India) Market Value
| KSL Stock | 904.70 2.35 0.26% |
| Symbol | Kalyani |
Kalyani Steels '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 Kalyani Steels' 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 Kalyani Steels.
| 12/14/2022 |
| 12/03/2024 |
If you would invest 0.00 in Kalyani Steels on December 14, 2022 and sell it all today you would earn a total of 0.00 from holding Kalyani Steels Limited or generate 0.0% return on investment in Kalyani Steels over 720 days. Kalyani Steels is related to or competes with Teamlease Services, Aster DM, GPT Healthcare, Paramount Communications, SANOFI S, Entero Healthcare, and Global Health. Kalyani Steels is entity of India. It is traded as Stock on NSE exchange. More
Kalyani Steels 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 Kalyani Steels' 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 Kalyani Steels Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.29 | |||
| Information Ratio | 0.0574 | |||
| Maximum Drawdown | 11.62 | |||
| Value At Risk | (3.27) | |||
| Potential Upside | 3.04 |
Kalyani Steels Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kalyani Steels' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kalyani Steels' standard deviation. In reality, there are many statistical measures that can use Kalyani Steels historical prices to predict the future Kalyani Steels' volatility.| Risk Adjusted Performance | 0.0905 | |||
| Jensen Alpha | 0.1509 | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | 0.0596 | |||
| Treynor Ratio | 0.2872 |
Kalyani Steels Backtested Returns
Kalyani Steels appears to be very steady, given 3 months investment horizon. Kalyani Steels has Sharpe Ratio of 0.14, which conveys that the firm had a 0.14% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Kalyani Steels, which you can use to evaluate the volatility of the firm. Please exercise Kalyani Steels' Downside Deviation of 2.29, mean deviation of 1.71, and Risk Adjusted Performance of 0.0905 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Kalyani Steels holds a performance score of 10. The company secures a Beta (Market Risk) of 0.87, which conveys possible diversification benefits within a given portfolio. Kalyani Steels returns are very sensitive to returns on the market. As the market goes up or down, Kalyani Steels is expected to follow. Please check Kalyani Steels' total risk alpha, downside variance, daily balance of power, as well as the relationship between the maximum drawdown and skewness , to make a quick decision on whether Kalyani Steels' current price movements will revert.
Auto-correlation | 0.02 |
Virtually no predictability
Kalyani Steels Limited has virtually no predictability. Overlapping area represents the amount of predictability between Kalyani Steels time series from 14th of December 2022 to 9th of December 2023 and 9th of December 2023 to 3rd 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 Kalyani Steels price movement. The serial correlation of 0.02 indicates that only 2.0% of current Kalyani Steels price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.02 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 16.6 K |
Kalyani Steels lagged returns against current returns
Autocorrelation, which is Kalyani Steels 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 Kalyani Steels' stock expected returns. We can calculate the autocorrelation of Kalyani Steels returns to help us make a trade decision. For example, suppose you find that Kalyani Steels 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 |
Kalyani Steels 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 Kalyani Steels stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kalyani Steels stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kalyani Steels stock over time.
Current vs Lagged Prices |
| Timeline |
Kalyani Steels Lagged Returns
When evaluating Kalyani Steels' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kalyani Steels stock have on its future price. Kalyani Steels 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, Kalyani Steels autocorrelation shows the relationship between Kalyani Steels stock current value and its past values and can show if there is a momentum factor associated with investing in Kalyani Steels Limited.
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 Kalyani Stock
Kalyani Steels financial ratios help investors to determine whether Kalyani 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 Kalyani with respect to the benefits of owning Kalyani Steels security.