Laxmi Organic (India) Market Value
| LXCHEM Stock | 249.60 3.00 1.19% |
| Symbol | Laxmi |
Laxmi Organic '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 Laxmi Organic'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 Laxmi Organic.
| 11/20/2024 |
| 12/20/2024 |
If you would invest 0.00 in Laxmi Organic on November 20, 2024 and sell it all today you would earn a total of 0.00 from holding Laxmi Organic Industries or generate 0.0% return on investment in Laxmi Organic over 30 days. Laxmi Organic is related to or competes with NMDC, Steel Authority, Embassy Office, Gujarat Narmada, Gujarat Alkalies, Indian Metals, and India Glycols. Laxmi Organic is entity of India. It is traded as Stock on NSE exchange. More
Laxmi Organic 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 Laxmi Organic'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 Laxmi Organic Industries upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 10.43 | |||
| Value At Risk | (3.71) | |||
| Potential Upside | 3.62 |
Laxmi Organic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Laxmi Organic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Laxmi Organic's standard deviation. In reality, there are many statistical measures that can use Laxmi Organic historical prices to predict the future Laxmi Organic's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.28) | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | (0.56) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Laxmi Organic's 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.
Laxmi Organic Industries Backtested Returns
Laxmi Organic Industries has Sharpe Ratio of -0.092, which conveys that the firm had a -0.092% return per unit of risk over the last 3 months. Laxmi Organic exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Laxmi Organic's Mean Deviation of 1.84, standard deviation of 2.31, and Risk Adjusted Performance of (0.08) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.48, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Laxmi Organic's returns are expected to increase less than the market. However, during the bear market, the loss of holding Laxmi Organic is expected to be smaller as well. At this point, Laxmi Organic Industries has a negative expected return of -0.22%. Please make sure to verify Laxmi Organic's accumulation distribution, as well as the relationship between the day median price and period momentum indicator , to decide if Laxmi Organic Industries performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.83 |
Excellent reverse predictability
Laxmi Organic Industries has excellent reverse predictability. Overlapping area represents the amount of predictability between Laxmi Organic time series from 20th of November 2024 to 5th of December 2024 and 5th of December 2024 to 20th 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 Laxmi Organic Industries price movement. The serial correlation of -0.83 indicates that around 83.0% of current Laxmi Organic price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.83 | |
| Spearman Rank Test | -0.84 | |
| Residual Average | 0.0 | |
| Price Variance | 55.39 |
Laxmi Organic Industries lagged returns against current returns
Autocorrelation, which is Laxmi Organic 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 Laxmi Organic's stock expected returns. We can calculate the autocorrelation of Laxmi Organic returns to help us make a trade decision. For example, suppose you find that Laxmi Organic 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 |
Laxmi Organic 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 Laxmi Organic stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Laxmi Organic stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Laxmi Organic stock over time.
Current vs Lagged Prices |
| Timeline |
Laxmi Organic Lagged Returns
When evaluating Laxmi Organic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Laxmi Organic stock have on its future price. Laxmi Organic 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, Laxmi Organic autocorrelation shows the relationship between Laxmi Organic stock current value and its past values and can show if there is a momentum factor associated with investing in Laxmi Organic Industries.
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 Laxmi Stock
Laxmi Organic financial ratios help investors to determine whether Laxmi 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 Laxmi with respect to the benefits of owning Laxmi Organic security.