Mcnally Bharat's market value is the price at which a share of Mcnally Bharat trades on a public exchange. It measures the collective expectations of Mcnally Bharat Engineering investors about its performance. Mcnally Bharat is selling at 4.40 as of the 7th of January 2025; that is 1.57 percent decrease since the beginning of the trading day. The stock's open price was 4.47. With this module, you can estimate the performance of a buy and hold strategy of Mcnally Bharat Engineering and determine expected loss or profit from investing in Mcnally Bharat over a given investment horizon. Check out Mcnally Bharat Correlation, Mcnally Bharat Volatility and Mcnally Bharat Alpha and Beta module to complement your research on Mcnally Bharat.
Please note, there is a significant difference between Mcnally Bharat's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mcnally Bharat is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mcnally Bharat's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Mcnally Bharat '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 Mcnally Bharat'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 Mcnally Bharat.
0.00
12/08/2024
No Change 0.00
0.0
In 31 days
01/07/2025
0.00
If you would invest 0.00 in Mcnally Bharat on December 8, 2024 and sell it all today you would earn a total of 0.00 from holding Mcnally Bharat Engineering or generate 0.0% return on investment in Mcnally Bharat over 30 days. Mcnally Bharat is related to or competes with Kingfa Science, GACM Technologies, COSMO FIRST, Delta Manufacturing, Parag Milk, Chemcon Speciality, and Arvind. Mcnally Bharat is entity of India. It is traded as Stock on NSE exchange. More
Mcnally Bharat 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 Mcnally Bharat'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 Mcnally Bharat Engineering upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mcnally Bharat's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mcnally Bharat's standard deviation. In reality, there are many statistical measures that can use Mcnally Bharat historical prices to predict the future Mcnally Bharat's volatility.
Mcnally Bharat is out of control given 3 months investment horizon. Mcnally Bharat Engin has Sharpe Ratio of 0.1, which conveys that the firm had a 0.1% return per unit of risk over the last 3 months. We were able to analyze and collect data for twenty-eight different technical indicators, which can help you to evaluate if expected returns of 12.96% are justified by taking the suggested risk. Use Mcnally Bharat Engin Mean Deviation of 53.77, downside deviation of 22.21, and Risk Adjusted Performance of 0.0978 to evaluate company specific risk that cannot be diversified away. Mcnally Bharat holds a performance score of 7 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of 37.7, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Mcnally Bharat will likely underperform. Use Mcnally Bharat Engin downside variance, and the relationship between the treynor ratio and kurtosis , to analyze future returns on Mcnally Bharat Engin.
Auto-correlation
-0.85
Excellent reverse predictability
Mcnally Bharat Engineering has excellent reverse predictability. Overlapping area represents the amount of predictability between Mcnally Bharat time series from 8th of December 2024 to 23rd of December 2024 and 23rd of December 2024 to 7th 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 Mcnally Bharat Engin price movement. The serial correlation of -0.85 indicates that around 85.0% of current Mcnally Bharat price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.85
Spearman Rank Test
-0.78
Residual Average
0.0
Price Variance
1455.1
Mcnally Bharat Engin lagged returns against current returns
Autocorrelation, which is Mcnally Bharat 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 Mcnally Bharat's stock expected returns. We can calculate the autocorrelation of Mcnally Bharat returns to help us make a trade decision. For example, suppose you find that Mcnally Bharat 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
Mcnally Bharat 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 Mcnally Bharat stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mcnally Bharat stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mcnally Bharat stock over time.
Current vs Lagged Prices
Timeline
Mcnally Bharat Lagged Returns
When evaluating Mcnally Bharat's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mcnally Bharat stock have on its future price. Mcnally Bharat 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, Mcnally Bharat autocorrelation shows the relationship between Mcnally Bharat stock current value and its past values and can show if there is a momentum factor associated with investing in Mcnally Bharat Engineering.
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.
Mcnally Bharat financial ratios help investors to determine whether Mcnally 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 Mcnally with respect to the benefits of owning Mcnally Bharat security.