Niraj Ispat (India) Market Value
| NIRAJISPAT | 267.16 0.00 0.00% |
| Symbol | Niraj |
Niraj Ispat '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 Niraj Ispat'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 Niraj Ispat.
| 12/20/2024 |
| 03/20/2025 |
If you would invest 0.00 in Niraj Ispat on December 20, 2024 and sell it all today you would earn a total of 0.00 from holding Niraj Ispat Industries or generate 0.0% return on investment in Niraj Ispat over 90 days. Niraj Ispat is related to or competes with KNR Constructions, Southern Petrochemicals, Omkar Speciality, Apollo Hospitals, Vishnu Chemicals, Krebs Biochemicals, and Varun Beverages. Niraj Ispat is entity of India. It is traded as Stock on NSE exchange. More
Niraj Ispat 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 Niraj Ispat'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 Niraj Ispat Industries upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.2717 | |||
| Maximum Drawdown | 10.06 | |||
| Potential Upside | 5.0 |
Niraj Ispat Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Niraj Ispat's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Niraj Ispat's standard deviation. In reality, there are many statistical measures that can use Niraj Ispat historical prices to predict the future Niraj Ispat's volatility.| Risk Adjusted Performance | 0.2069 | |||
| Jensen Alpha | 0.3417 | |||
| Total Risk Alpha | 0.4617 | |||
| Treynor Ratio | 3.48 |
Niraj Ispat Industries Backtested Returns
Currently, Niraj Ispat Industries is very steady. Niraj Ispat Industries has Sharpe Ratio of 0.16, which conveys that the firm had a 0.16 % return per unit of risk over the last 3 months. We have found eighteen technical indicators for Niraj Ispat, which you can use to evaluate the volatility of the firm. Please verify Niraj Ispat's Standard Deviation of 1.51, mean deviation of 0.6821, and Risk Adjusted Performance of 0.2069 to check out if the risk estimate we provide is consistent with the expected return of 0.14%. Niraj Ispat has a performance score of 12 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.0962, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Niraj Ispat's returns are expected to increase less than the market. However, during the bear market, the loss of holding Niraj Ispat is expected to be smaller as well. Niraj Ispat Industries right now secures a risk of 0.91%. Please verify Niraj Ispat Industries maximum drawdown and rate of daily change , to decide if Niraj Ispat Industries will be following its current price movements.
Auto-correlation | -0.2 |
Insignificant reverse predictability
Niraj Ispat Industries has insignificant reverse predictability. Overlapping area represents the amount of predictability between Niraj Ispat time series from 20th of December 2024 to 3rd of February 2025 and 3rd of February 2025 to 20th 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 Niraj Ispat Industries price movement. The serial correlation of -0.2 indicates that over 20.0% of current Niraj Ispat price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.2 | |
| Spearman Rank Test | -0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 24.38 |
Niraj Ispat Industries lagged returns against current returns
Autocorrelation, which is Niraj Ispat 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 Niraj Ispat's stock expected returns. We can calculate the autocorrelation of Niraj Ispat returns to help us make a trade decision. For example, suppose you find that Niraj Ispat 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 |
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Niraj Ispat 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 Niraj Ispat stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Niraj Ispat stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Niraj Ispat stock over time.
Current vs Lagged Prices |
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Niraj Ispat Lagged Returns
When evaluating Niraj Ispat's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Niraj Ispat stock have on its future price. Niraj Ispat 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, Niraj Ispat autocorrelation shows the relationship between Niraj Ispat stock current value and its past values and can show if there is a momentum factor associated with investing in Niraj Ispat Industries.
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 Niraj Stock Analysis
When running Niraj Ispat's price analysis, check to measure Niraj Ispat's 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 Niraj Ispat is operating at the current time. Most of Niraj Ispat's value examination focuses on studying past and present price action to predict the probability of Niraj Ispat's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Niraj Ispat's price. Additionally, you may evaluate how the addition of Niraj Ispat to your portfolios can decrease your overall portfolio volatility.