Manaksia Coated (India) Market Value
| MANAKCOAT | 85.22 1.11 1.29% |
| Symbol | Manaksia |
Manaksia Coated '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 Manaksia Coated'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 Manaksia Coated.
| 01/28/2025 |
| 02/27/2025 |
If you would invest 0.00 in Manaksia Coated on January 28, 2025 and sell it all today you would earn a total of 0.00 from holding Manaksia Coated Metals or generate 0.0% return on investment in Manaksia Coated over 30 days. Manaksia Coated is related to or competes with Indo Rama, Future Retail, Cantabil Retail, Vishnu Chemicals, Silgo Retail, Chembond Chemicals, and TECIL Chemicals. Manaksia Coated is entity of India. It is traded as Stock on NSE exchange. More
Manaksia Coated 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 Manaksia Coated'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 Manaksia Coated Metals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.65 | |||
| Information Ratio | 0.1702 | |||
| Maximum Drawdown | 10.0 | |||
| Value At Risk | (4.44) | |||
| Potential Upside | 4.99 |
Manaksia Coated Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Manaksia Coated's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Manaksia Coated's standard deviation. In reality, there are many statistical measures that can use Manaksia Coated historical prices to predict the future Manaksia Coated's volatility.| Risk Adjusted Performance | 0.1337 | |||
| Jensen Alpha | 0.5011 | |||
| Total Risk Alpha | 0.5291 | |||
| Sortino Ratio | 0.1923 | |||
| Treynor Ratio | (1.92) |
Manaksia Coated Metals Backtested Returns
Manaksia Coated appears to be very steady, given 3 months investment horizon. Manaksia Coated Metals has Sharpe Ratio of 0.0906, which conveys that the firm had a 0.0906 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Manaksia Coated, which you can use to evaluate the volatility of the firm. Please exercise Manaksia Coated's Mean Deviation of 2.49, risk adjusted performance of 0.1337, and Downside Deviation of 2.65 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Manaksia Coated holds a performance score of 7. The company secures a Beta (Market Risk) of -0.26, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Manaksia Coated are expected to decrease at a much lower rate. During the bear market, Manaksia Coated is likely to outperform the market. Please check Manaksia Coated's treynor ratio, kurtosis, period momentum indicator, as well as the relationship between the downside variance and day median price , to make a quick decision on whether Manaksia Coated's current price movements will revert.
Auto-correlation | 0.59 |
Modest predictability
Manaksia Coated Metals has modest predictability. Overlapping area represents the amount of predictability between Manaksia Coated time series from 28th of January 2025 to 12th of February 2025 and 12th of February 2025 to 27th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Manaksia Coated Metals price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current Manaksia Coated price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | 0.86 | |
| Residual Average | 0.0 | |
| Price Variance | 17.2 |
Manaksia Coated Metals lagged returns against current returns
Autocorrelation, which is Manaksia Coated 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 Manaksia Coated's stock expected returns. We can calculate the autocorrelation of Manaksia Coated returns to help us make a trade decision. For example, suppose you find that Manaksia Coated 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 |
Manaksia Coated 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 Manaksia Coated stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Manaksia Coated stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Manaksia Coated stock over time.
Current vs Lagged Prices |
| Timeline |
Manaksia Coated Lagged Returns
When evaluating Manaksia Coated's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Manaksia Coated stock have on its future price. Manaksia Coated 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, Manaksia Coated autocorrelation shows the relationship between Manaksia Coated stock current value and its past values and can show if there is a momentum factor associated with investing in Manaksia Coated Metals.
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 Manaksia Stock
Manaksia Coated financial ratios help investors to determine whether Manaksia 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 Manaksia with respect to the benefits of owning Manaksia Coated security.