Plastiblends India (India) Market Value
| PLASTIBLEN | 246.50 6.41 2.67% |
| Symbol | Plastiblends |
Plastiblends India '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 Plastiblends India'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 Plastiblends India.
| 12/10/2024 |
| 01/09/2025 |
If you would invest 0.00 in Plastiblends India on December 10, 2024 and sell it all today you would earn a total of 0.00 from holding Plastiblends India Limited or generate 0.0% return on investment in Plastiblends India over 30 days. Plastiblends India is related to or competes with Reliance Communications, Computer Age, Tera Software, California Software, Vertoz Advertising, Yatra Online, and FCS Software. More
Plastiblends India 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 Plastiblends India'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 Plastiblends India Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 9.36 | |||
| Value At Risk | (3.81) | |||
| Potential Upside | 2.79 |
Plastiblends India Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Plastiblends India's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Plastiblends India's standard deviation. In reality, there are many statistical measures that can use Plastiblends India historical prices to predict the future Plastiblends India's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (0.31) | |||
| Treynor Ratio | (0.68) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Plastiblends India's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Plastiblends India Backtested Returns
Plastiblends India maintains Sharpe Ratio (i.e., Efficiency) of -0.12, which implies the firm had a -0.12% return per unit of risk over the last 3 months. Plastiblends India exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Plastiblends India's Variance of 4.75, coefficient of variation of (856.16), and Risk Adjusted Performance of (0.09) to confirm the risk estimate we provide. The company holds a Beta of 0.39, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Plastiblends India's returns are expected to increase less than the market. However, during the bear market, the loss of holding Plastiblends India is expected to be smaller as well. At this point, Plastiblends India has a negative expected return of -0.25%. Please make sure to check Plastiblends India's treynor ratio, as well as the relationship between the accumulation distribution and price action indicator , to decide if Plastiblends India performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.2 |
Insignificant reverse predictability
Plastiblends India Limited has insignificant reverse predictability. Overlapping area represents the amount of predictability between Plastiblends India time series from 10th of December 2024 to 25th of December 2024 and 25th of December 2024 to 9th 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 Plastiblends India price movement. The serial correlation of -0.2 indicates that over 20.0% of current Plastiblends India price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.2 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 16.68 |
Plastiblends India lagged returns against current returns
Autocorrelation, which is Plastiblends India 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 Plastiblends India's stock expected returns. We can calculate the autocorrelation of Plastiblends India returns to help us make a trade decision. For example, suppose you find that Plastiblends India 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 |
Plastiblends India 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 Plastiblends India stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Plastiblends India stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Plastiblends India stock over time.
Current vs Lagged Prices |
| Timeline |
Plastiblends India Lagged Returns
When evaluating Plastiblends India's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Plastiblends India stock have on its future price. Plastiblends India 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, Plastiblends India autocorrelation shows the relationship between Plastiblends India stock current value and its past values and can show if there is a momentum factor associated with investing in Plastiblends India 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.| BTC | Bitcoin | |
| TRX | TRON | |
| BNB | Binance Coin |
Other Information on Investing in Plastiblends Stock
Plastiblends India financial ratios help investors to determine whether Plastiblends 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 Plastiblends with respect to the benefits of owning Plastiblends India security.