Praj Industries (India) Market Value

PRAJIND Stock   810.15  9.85  1.20%   
Praj Industries' market value is the price at which a share of Praj Industries trades on a public exchange. It measures the collective expectations of Praj Industries Limited investors about its performance. Praj Industries is trading at 810.15 as of the 22nd of December 2024, a 1.2 percent decrease since the beginning of the trading day. The stock's lowest day price was 808.65.
With this module, you can estimate the performance of a buy and hold strategy of Praj Industries Limited and determine expected loss or profit from investing in Praj Industries over a given investment horizon. Check out Praj Industries Correlation, Praj Industries Volatility and Praj Industries Alpha and Beta module to complement your research on Praj Industries.
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Please note, there is a significant difference between Praj Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Praj Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Praj Industries' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Praj Industries '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 Praj Industries' 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 Praj Industries.
0.00
01/02/2023
No Change 0.00  0.0 
In 1 year 11 months and 22 days
12/22/2024
0.00
If you would invest  0.00  in Praj Industries on January 2, 2023 and sell it all today you would earn a total of 0.00 from holding Praj Industries Limited or generate 0.0% return on investment in Praj Industries over 720 days. Praj Industries is related to or competes with MRF, JSW Holdings, Maharashtra Scooters, Nalwa Sons, Kalyani Investment, Pilani Investment, and Vardhman Holdings. Praj Industries is entity of India. It is traded as Stock on NSE exchange. More

Praj Industries 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 Praj Industries' 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 Praj Industries Limited upside and downside potential and time the market with a certain degree of confidence.

Praj Industries Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Praj Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Praj Industries' standard deviation. In reality, there are many statistical measures that can use Praj Industries historical prices to predict the future Praj Industries' volatility.
Hype
Prediction
LowEstimatedHigh
802.86805.78891.17
Details
Intrinsic
Valuation
LowRealHigh
620.90623.82891.17
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.570.760.95
Details

Praj Industries Backtested Returns

At this point, Praj Industries is very steady. Praj Industries maintains Sharpe Ratio (i.e., Efficiency) of 0.0498, which implies the firm had a 0.0498% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Praj Industries, which you can use to evaluate the volatility of the company. Please check Praj Industries' Coefficient Of Variation of 1559.14, risk adjusted performance of 0.0581, and Semi Deviation of 1.95 to confirm if the risk estimate we provide is consistent with the expected return of 0.15%. Praj Industries has a performance score of 3 on a scale of 0 to 100. The company holds a Beta of 0.81, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Praj Industries' returns are expected to increase less than the market. However, during the bear market, the loss of holding Praj Industries is expected to be smaller as well. Praj Industries right now holds a risk of 2.92%. Please check Praj Industries potential upside, rate of daily change, and the relationship between the sortino ratio and skewness , to decide if Praj Industries will be following its historical price patterns.

Auto-correlation

    
  0.86  

Very good predictability

Praj Industries Limited has very good predictability. Overlapping area represents the amount of predictability between Praj Industries time series from 2nd of January 2023 to 28th of December 2023 and 28th of December 2023 to 22nd 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 Praj Industries price movement. The serial correlation of 0.86 indicates that approximately 86.0% of current Praj Industries price fluctuation can be explain by its past prices.
Correlation Coefficient0.86
Spearman Rank Test0.8
Residual Average0.0
Price Variance14 K

Praj Industries lagged returns against current returns

Autocorrelation, which is Praj Industries 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 Praj Industries' stock expected returns. We can calculate the autocorrelation of Praj Industries returns to help us make a trade decision. For example, suppose you find that Praj Industries 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  

Praj Industries 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 Praj Industries stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Praj Industries stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Praj Industries stock over time.
   Current vs Lagged Prices   
       Timeline  

Praj Industries Lagged Returns

When evaluating Praj Industries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Praj Industries stock have on its future price. Praj Industries 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, Praj Industries autocorrelation shows the relationship between Praj Industries stock current value and its past values and can show if there is a momentum factor associated with investing in Praj Industries Limited.
   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.

Other Information on Investing in Praj Stock

Praj Industries financial ratios help investors to determine whether Praj 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 Praj with respect to the benefits of owning Praj Industries security.