Modi Rubber (India) Market Value
| MODIRUBBER | 97.46 0.29 0.30% |
| Symbol | Modi |
Modi Rubber '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 Modi Rubber'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 Modi Rubber.
| 12/19/2024 |
| 03/19/2025 |
If you would invest 0.00 in Modi Rubber on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding Modi Rubber Limited or generate 0.0% return on investment in Modi Rubber over 90 days. Modi Rubber is related to or competes with 63 Moons, ILFS Investment, Hexaware Technologies, PNC Infratech, Sasken Technologies, Cholamandalam Investment, and HDFC Asset. Modi Rubber is entity of India. It is traded as Stock on NSE exchange. More
Modi Rubber 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 Modi Rubber'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 Modi Rubber Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 11.66 | |||
| Value At Risk | (5.01) | |||
| Potential Upside | 3.7 |
Modi Rubber Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Modi Rubber's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Modi Rubber's standard deviation. In reality, there are many statistical measures that can use Modi Rubber historical prices to predict the future Modi Rubber's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.39) | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | 3.7 |
Modi Rubber Limited Backtested Returns
Modi Rubber Limited has Sharpe Ratio of -0.13, which conveys that the firm had a -0.13 % return per unit of risk over the last 3 months. Modi Rubber exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Modi Rubber's Standard Deviation of 2.78, risk adjusted performance of (0.11), and Mean Deviation of 2.27 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.1, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Modi Rubber are expected to decrease at a much lower rate. During the bear market, Modi Rubber is likely to outperform the market. At this point, Modi Rubber Limited has a negative expected return of -0.37%. Please make sure to verify Modi Rubber's treynor ratio, as well as the relationship between the kurtosis and day typical price , to decide if Modi Rubber Limited performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.65 |
Good predictability
Modi Rubber Limited has good predictability. Overlapping area represents the amount of predictability between Modi Rubber 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 Modi Rubber Limited price movement. The serial correlation of 0.65 indicates that roughly 65.0% of current Modi Rubber price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.65 | |
| Spearman Rank Test | 0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 22.62 |
Modi Rubber Limited lagged returns against current returns
Autocorrelation, which is Modi Rubber 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 Modi Rubber's stock expected returns. We can calculate the autocorrelation of Modi Rubber returns to help us make a trade decision. For example, suppose you find that Modi Rubber 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 |
Modi Rubber 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 Modi Rubber stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Modi Rubber stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Modi Rubber stock over time.
Current vs Lagged Prices |
| Timeline |
Modi Rubber Lagged Returns
When evaluating Modi Rubber's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Modi Rubber stock have on its future price. Modi Rubber 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, Modi Rubber autocorrelation shows the relationship between Modi Rubber stock current value and its past values and can show if there is a momentum factor associated with investing in Modi Rubber 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 Modi Stock
Modi Rubber financial ratios help investors to determine whether Modi 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 Modi with respect to the benefits of owning Modi Rubber security.