Manali Petrochemicals (India) Market Value
| MANALIPETC | 60.65 1.17 1.97% |
| Symbol | Manali |
Manali Petrochemicals '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 Manali Petrochemicals' 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 Manali Petrochemicals.
| 06/30/2023 |
| 01/20/2025 |
If you would invest 0.00 in Manali Petrochemicals on June 30, 2023 and sell it all today you would earn a total of 0.00 from holding Manali Petrochemicals Limited or generate 0.0% return on investment in Manali Petrochemicals over 570 days. Manali Petrochemicals is related to or competes with NMDC, Steel Authority, Embassy Office, Jai Balaji, Gujarat Narmada, Gujarat Alkalies, and Indian Metals. Manali Petrochemicals is entity of India More
Manali Petrochemicals 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 Manali Petrochemicals' 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 Manali Petrochemicals Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 12.97 | |||
| Value At Risk | (4.14) | |||
| Potential Upside | 2.52 |
Manali Petrochemicals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Manali Petrochemicals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Manali Petrochemicals' standard deviation. In reality, there are many statistical measures that can use Manali Petrochemicals historical prices to predict the future Manali Petrochemicals' volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.29) | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | (1.46) |
Manali Petrochemicals Backtested Returns
Manali Petrochemicals has Sharpe Ratio of -0.0701, which conveys that the firm had a -0.0701 % return per unit of risk over the last 3 months. Manali Petrochemicals exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Manali Petrochemicals' Risk Adjusted Performance of (0.09), mean deviation of 1.63, and Standard Deviation of 2.31 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.2, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Manali Petrochemicals' returns are expected to increase less than the market. However, during the bear market, the loss of holding Manali Petrochemicals is expected to be smaller as well. At this point, Manali Petrochemicals has a negative expected return of -0.16%. Please make sure to verify Manali Petrochemicals' potential upside, as well as the relationship between the daily balance of power and market facilitation index , to decide if Manali Petrochemicals performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.24 |
Weak reverse predictability
Manali Petrochemicals Limited has weak reverse predictability. Overlapping area represents the amount of predictability between Manali Petrochemicals time series from 30th of June 2023 to 10th of April 2024 and 10th of April 2024 to 20th of January 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 Manali Petrochemicals price movement. The serial correlation of -0.24 indicates that over 24.0% of current Manali Petrochemicals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.24 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 144.95 |
Manali Petrochemicals lagged returns against current returns
Autocorrelation, which is Manali Petrochemicals 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 Manali Petrochemicals' stock expected returns. We can calculate the autocorrelation of Manali Petrochemicals returns to help us make a trade decision. For example, suppose you find that Manali Petrochemicals 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 |
Manali Petrochemicals 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 Manali Petrochemicals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Manali Petrochemicals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Manali Petrochemicals stock over time.
Current vs Lagged Prices |
| Timeline |
Manali Petrochemicals Lagged Returns
When evaluating Manali Petrochemicals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Manali Petrochemicals stock have on its future price. Manali Petrochemicals 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, Manali Petrochemicals autocorrelation shows the relationship between Manali Petrochemicals stock current value and its past values and can show if there is a momentum factor associated with investing in Manali Petrochemicals Limited.
Regressed Prices |
| Timeline |
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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.Additional Tools for Manali Stock Analysis
When running Manali Petrochemicals' price analysis, check to measure Manali Petrochemicals' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Manali Petrochemicals is operating at the current time. Most of Manali Petrochemicals' value examination focuses on studying past and present price action to predict the probability of Manali Petrochemicals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Manali Petrochemicals' price. Additionally, you may evaluate how the addition of Manali Petrochemicals to your portfolios can decrease your overall portfolio volatility.