Oriental Carbon (India) Market Value
| OCCL Stock | 246.11 6.78 2.68% |
| Symbol | Oriental |
Oriental Carbon '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 Oriental Carbon'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 Oriental Carbon.
| 10/19/2024 |
| 12/18/2024 |
If you would invest 0.00 in Oriental Carbon on October 19, 2024 and sell it all today you would earn a total of 0.00 from holding Oriental Carbon Chemicals or generate 0.0% return on investment in Oriental Carbon over 60 days. Oriental Carbon is related to or competes with NMDC, Steel Authority, Embassy Office, Gujarat Narmada, Gujarat Alkalies, Indian Metals, and JTL Industries. Oriental Carbon is entity of India. It is traded as Stock on NSE exchange. More
Oriental Carbon 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 Oriental Carbon'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 Oriental Carbon Chemicals upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 11.41 | |||
| Value At Risk | (3.51) | |||
| Potential Upside | 4.99 |
Oriental Carbon Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Oriental Carbon's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Oriental Carbon's standard deviation. In reality, there are many statistical measures that can use Oriental Carbon historical prices to predict the future Oriental Carbon's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | (0.25) |
Oriental Carbon Chemicals Backtested Returns
Oriental Carbon Chemicals maintains Sharpe Ratio (i.e., Efficiency) of -0.0273, which implies the firm had a -0.0273% return per unit of risk over the last 3 months. Oriental Carbon Chemicals exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Oriental Carbon's Risk Adjusted Performance of (0.02), coefficient of variation of (2,507), and Variance of 5.9 to confirm the risk estimate we provide. The company holds a Beta of 0.42, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Oriental Carbon's returns are expected to increase less than the market. However, during the bear market, the loss of holding Oriental Carbon is expected to be smaller as well. At this point, Oriental Carbon Chemicals has a negative expected return of -0.0679%. Please make sure to check Oriental Carbon's treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if Oriental Carbon Chemicals performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.01 |
Virtually no predictability
Oriental Carbon Chemicals has virtually no predictability. Overlapping area represents the amount of predictability between Oriental Carbon time series from 19th of October 2024 to 18th of November 2024 and 18th of November 2024 to 18th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Oriental Carbon Chemicals price movement. The serial correlation of 0.01 indicates that just 1.0% of current Oriental Carbon price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.01 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 80.04 |
Oriental Carbon Chemicals lagged returns against current returns
Autocorrelation, which is Oriental Carbon 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 Oriental Carbon's stock expected returns. We can calculate the autocorrelation of Oriental Carbon returns to help us make a trade decision. For example, suppose you find that Oriental Carbon 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 |
Oriental Carbon 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 Oriental Carbon stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Oriental Carbon stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Oriental Carbon stock over time.
Current vs Lagged Prices |
| Timeline |
Oriental Carbon Lagged Returns
When evaluating Oriental Carbon's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Oriental Carbon stock have on its future price. Oriental Carbon 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, Oriental Carbon autocorrelation shows the relationship between Oriental Carbon stock current value and its past values and can show if there is a momentum factor associated with investing in Oriental Carbon Chemicals.
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 Oriental Stock Analysis
When running Oriental Carbon's price analysis, check to measure Oriental Carbon'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 Oriental Carbon is operating at the current time. Most of Oriental Carbon's value examination focuses on studying past and present price action to predict the probability of Oriental Carbon's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Oriental Carbon's price. Additionally, you may evaluate how the addition of Oriental Carbon to your portfolios can decrease your overall portfolio volatility.