Maharashtra Seamless (India) Market Value
| MAHSEAMLES | 695.25 9.95 1.41% |
| Symbol | Maharashtra |
Maharashtra Seamless '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 Maharashtra Seamless' 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 Maharashtra Seamless.
| 07/02/2024 |
| 12/29/2024 |
If you would invest 0.00 in Maharashtra Seamless on July 2, 2024 and sell it all today you would earn a total of 0.00 from holding Maharashtra Seamless Limited or generate 0.0% return on investment in Maharashtra Seamless over 180 days. Maharashtra Seamless is related to or competes with NMDC, Steel Authority, Embassy Office, Gujarat Narmada, Gujarat Alkalies, Indian Metals, and JTL Industries. Maharashtra Seamless is entity of India. It is traded as Stock on NSE exchange. More
Maharashtra Seamless 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 Maharashtra Seamless' 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 Maharashtra Seamless Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.89 | |||
| Information Ratio | 0.0475 | |||
| Maximum Drawdown | 16.21 | |||
| Value At Risk | (2.94) | |||
| Potential Upside | 3.9 |
Maharashtra Seamless Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Maharashtra Seamless' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Maharashtra Seamless' standard deviation. In reality, there are many statistical measures that can use Maharashtra Seamless historical prices to predict the future Maharashtra Seamless' volatility.| Risk Adjusted Performance | 0.0553 | |||
| Jensen Alpha | 0.1227 | |||
| Total Risk Alpha | 0.069 | |||
| Sortino Ratio | 0.0598 | |||
| Treynor Ratio | 0.2352 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Maharashtra Seamless' 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.
Maharashtra Seamless Backtested Returns
As of now, Maharashtra Stock is very steady. Maharashtra Seamless has Sharpe Ratio of 0.0634, which conveys that the firm had a 0.0634% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Maharashtra Seamless, which you can use to evaluate the volatility of the firm. Please verify Maharashtra Seamless' Mean Deviation of 1.62, risk adjusted performance of 0.0553, and Downside Deviation of 1.89 to check out if the risk estimate we provide is consistent with the expected return of 0.15%. Maharashtra Seamless has a performance score of 4 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.58, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Maharashtra Seamless' returns are expected to increase less than the market. However, during the bear market, the loss of holding Maharashtra Seamless is expected to be smaller as well. Maharashtra Seamless right now secures a risk of 2.43%. Please verify Maharashtra Seamless Limited total risk alpha, expected short fall, market facilitation index, as well as the relationship between the value at risk and daily balance of power , to decide if Maharashtra Seamless Limited will be following its current price movements.
Auto-correlation | 0.38 |
Below average predictability
Maharashtra Seamless Limited has below average predictability. Overlapping area represents the amount of predictability between Maharashtra Seamless time series from 2nd of July 2024 to 30th of September 2024 and 30th of September 2024 to 29th 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 Maharashtra Seamless price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Maharashtra Seamless price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 3523.9 |
Maharashtra Seamless lagged returns against current returns
Autocorrelation, which is Maharashtra Seamless 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 Maharashtra Seamless' stock expected returns. We can calculate the autocorrelation of Maharashtra Seamless returns to help us make a trade decision. For example, suppose you find that Maharashtra Seamless 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 |
Maharashtra Seamless 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 Maharashtra Seamless stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Maharashtra Seamless stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Maharashtra Seamless stock over time.
Current vs Lagged Prices |
| Timeline |
Maharashtra Seamless Lagged Returns
When evaluating Maharashtra Seamless' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Maharashtra Seamless stock have on its future price. Maharashtra Seamless 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, Maharashtra Seamless autocorrelation shows the relationship between Maharashtra Seamless stock current value and its past values and can show if there is a momentum factor associated with investing in Maharashtra Seamless 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 Maharashtra Stock
Maharashtra Seamless financial ratios help investors to determine whether Maharashtra 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 Maharashtra with respect to the benefits of owning Maharashtra Seamless security.