Phoenix Mills (India) Market Value
| PHOENIXLTD | 1,556 4.70 0.30% |
| Symbol | Phoenix |
Phoenix Mills '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 Phoenix Mills' 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 Phoenix Mills.
| 12/19/2024 |
| 03/19/2025 |
If you would invest 0.00 in Phoenix Mills on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding The Phoenix Mills or generate 0.0% return on investment in Phoenix Mills over 90 days. Phoenix Mills is related to or competes with Manaksia Steels, Vraj Iron, Kalyani Steels, Rama Steel, Ankit Metal, and Prakash Steelage. Phoenix Mills is entity of India. It is traded as Stock on NSE exchange. More
Phoenix Mills 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 Phoenix Mills' 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 The Phoenix Mills upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 15.95 | |||
| Value At Risk | (4.89) | |||
| Potential Upside | 5.49 |
Phoenix Mills Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Phoenix Mills' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Phoenix Mills' standard deviation. In reality, there are many statistical measures that can use Phoenix Mills historical prices to predict the future Phoenix Mills' volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | 0.1796 | |||
| Treynor Ratio | 2.17 |
Phoenix Mills Backtested Returns
Phoenix Mills maintains Sharpe Ratio (i.e., Efficiency) of -0.02, which implies the firm had a -0.02 % return per unit of risk over the last 3 months. Phoenix Mills exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Phoenix Mills' Market Risk Adjusted Performance of 2.18, variance of 10.94, and Coefficient Of Variation of (1,895) to confirm the risk estimate we provide. The company holds a Beta of -0.0849, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Phoenix Mills are expected to decrease at a much lower rate. During the bear market, Phoenix Mills is likely to outperform the market. At this point, Phoenix Mills has a negative expected return of -0.066%. Please make sure to check Phoenix Mills' maximum drawdown, as well as the relationship between the accumulation distribution and price action indicator , to decide if Phoenix Mills performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.10 |
Insignificant predictability
The Phoenix Mills has insignificant predictability. Overlapping area represents the amount of predictability between Phoenix Mills 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 Phoenix Mills price movement. The serial correlation of 0.1 indicates that less than 10.0% of current Phoenix Mills price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 4332.7 |
Phoenix Mills lagged returns against current returns
Autocorrelation, which is Phoenix Mills 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 Phoenix Mills' stock expected returns. We can calculate the autocorrelation of Phoenix Mills returns to help us make a trade decision. For example, suppose you find that Phoenix Mills 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 |
Phoenix Mills 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 Phoenix Mills stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Phoenix Mills stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Phoenix Mills stock over time.
Current vs Lagged Prices |
| Timeline |
Phoenix Mills Lagged Returns
When evaluating Phoenix Mills' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Phoenix Mills stock have on its future price. Phoenix Mills 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, Phoenix Mills autocorrelation shows the relationship between Phoenix Mills stock current value and its past values and can show if there is a momentum factor associated with investing in The Phoenix Mills.
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 Phoenix Stock Analysis
When running Phoenix Mills' price analysis, check to measure Phoenix Mills' 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 Phoenix Mills is operating at the current time. Most of Phoenix Mills' value examination focuses on studying past and present price action to predict the probability of Phoenix Mills' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Phoenix Mills' price. Additionally, you may evaluate how the addition of Phoenix Mills to your portfolios can decrease your overall portfolio volatility.