Mangalore Chemicals (India) Market Value
| MANGCHEFER | 145.80 1.92 1.33% |
| Symbol | Mangalore |
Mangalore Chemicals '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 Mangalore Chemicals' 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 Mangalore Chemicals.
| 12/19/2024 |
| 03/19/2025 |
If you would invest 0.00 in Mangalore Chemicals on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding Mangalore Chemicals Fertilizers or generate 0.0% return on investment in Mangalore Chemicals over 90 days. Mangalore Chemicals is related to or competes with Ankit Metal, Future Retail, LLOYDS METALS, Ratnamani Metals, Hilton Metal, and Gokul Refoils. Mangalore Chemicals is entity of India. It is traded as Stock on NSE exchange. More
Mangalore Chemicals 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 Mangalore Chemicals' 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 Mangalore Chemicals Fertilizers upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0024 | |||
| Maximum Drawdown | 12.75 | |||
| Value At Risk | (4.65) | |||
| Potential Upside | 3.77 |
Mangalore Chemicals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mangalore Chemicals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mangalore Chemicals' standard deviation. In reality, there are many statistical measures that can use Mangalore Chemicals historical prices to predict the future Mangalore Chemicals' volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | 0.2061 | |||
| Treynor Ratio | 15.59 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mangalore Chemicals' 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.
Mangalore Chemicals Backtested Returns
Mangalore Chemicals has Sharpe Ratio of -0.0441, which conveys that the firm had a -0.0441 % return per unit of risk over the last 3 months. Mangalore Chemicals exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mangalore Chemicals' Risk Adjusted Performance of (0.02), standard deviation of 2.69, and Mean Deviation of 2.06 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.0058, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Mangalore Chemicals are expected to decrease at a much lower rate. During the bear market, Mangalore Chemicals is likely to outperform the market. At this point, Mangalore Chemicals has a negative expected return of -0.12%. Please make sure to verify Mangalore Chemicals' value at risk, rate of daily change, relative strength index, as well as the relationship between the kurtosis and market facilitation index , to decide if Mangalore Chemicals performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.67 |
Very good reverse predictability
Mangalore Chemicals Fertilizers has very good reverse predictability. Overlapping area represents the amount of predictability between Mangalore Chemicals time series from 19th of December 2024 to 2nd of February 2025 and 2nd of February 2025 to 19th of March 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 Mangalore Chemicals price movement. The serial correlation of -0.67 indicates that around 67.0% of current Mangalore Chemicals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.67 | |
| Spearman Rank Test | -0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 121.23 |
Mangalore Chemicals lagged returns against current returns
Autocorrelation, which is Mangalore Chemicals 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 Mangalore Chemicals' stock expected returns. We can calculate the autocorrelation of Mangalore Chemicals returns to help us make a trade decision. For example, suppose you find that Mangalore Chemicals 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 |
Mangalore Chemicals 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 Mangalore Chemicals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mangalore Chemicals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mangalore Chemicals stock over time.
Current vs Lagged Prices |
| Timeline |
Mangalore Chemicals Lagged Returns
When evaluating Mangalore Chemicals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mangalore Chemicals stock have on its future price. Mangalore Chemicals 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, Mangalore Chemicals autocorrelation shows the relationship between Mangalore Chemicals stock current value and its past values and can show if there is a momentum factor associated with investing in Mangalore Chemicals Fertilizers.
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 Mangalore Stock
Mangalore Chemicals financial ratios help investors to determine whether Mangalore 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 Mangalore with respect to the benefits of owning Mangalore Chemicals security.