Privi Speciality (India) Market Value
| PRIVISCL | 1,909 66.80 3.63% |
| Symbol | Privi |
Privi Speciality '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 Privi Speciality'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 Privi Speciality.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Privi Speciality on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Privi Speciality Chemicals or generate 0.0% return on investment in Privi Speciality over 180 days. Privi Speciality is related to or competes with NMDC, Steel Authority, Embassy Office, Indian Metals, and JTL Industries. Privi Speciality is entity of India. It is traded as Stock on NSE exchange. More
Privi Speciality 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 Privi Speciality'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 Privi Speciality Chemicals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.99 | |||
| Information Ratio | 0.1244 | |||
| Maximum Drawdown | 8.61 | |||
| Value At Risk | (3.19) | |||
| Potential Upside | 3.92 |
Privi Speciality Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Privi Speciality's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Privi Speciality's standard deviation. In reality, there are many statistical measures that can use Privi Speciality historical prices to predict the future Privi Speciality's volatility.| Risk Adjusted Performance | 0.1544 | |||
| Jensen Alpha | 0.3262 | |||
| Total Risk Alpha | 0.0435 | |||
| Sortino Ratio | 0.1236 | |||
| Treynor Ratio | 1.01 |
Privi Speciality Che Backtested Returns
Privi Speciality appears to be very steady, given 3 months investment horizon. Privi Speciality Che maintains Sharpe Ratio (i.e., Efficiency) of 0.26, which implies the firm had a 0.26% return per unit of risk over the last 3 months. By analyzing Privi Speciality's technical indicators, you can evaluate if the expected return of 0.5% is justified by implied risk. Please evaluate Privi Speciality's Semi Deviation of 1.57, risk adjusted performance of 0.1544, and Coefficient Of Variation of 515.47 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Privi Speciality holds a performance score of 20. The company holds a Beta of 0.37, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Privi Speciality's returns are expected to increase less than the market. However, during the bear market, the loss of holding Privi Speciality is expected to be smaller as well. Please check Privi Speciality's downside variance, and the relationship between the sortino ratio and accumulation distribution , to make a quick decision on whether Privi Speciality's historical price patterns will revert.
Auto-correlation | 0.41 |
Average predictability
Privi Speciality Chemicals has average predictability. Overlapping area represents the amount of predictability between Privi Speciality time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd 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 Privi Speciality Che price movement. The serial correlation of 0.41 indicates that just about 41.0% of current Privi Speciality price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 25.1 K |
Privi Speciality Che lagged returns against current returns
Autocorrelation, which is Privi Speciality 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 Privi Speciality's stock expected returns. We can calculate the autocorrelation of Privi Speciality returns to help us make a trade decision. For example, suppose you find that Privi Speciality 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 |
Privi Speciality 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 Privi Speciality stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Privi Speciality stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Privi Speciality stock over time.
Current vs Lagged Prices |
| Timeline |
Privi Speciality Lagged Returns
When evaluating Privi Speciality's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Privi Speciality stock have on its future price. Privi Speciality 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, Privi Speciality autocorrelation shows the relationship between Privi Speciality stock current value and its past values and can show if there is a momentum factor associated with investing in Privi Speciality Chemicals.
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.Other Information on Investing in Privi Stock
Privi Speciality financial ratios help investors to determine whether Privi 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 Privi with respect to the benefits of owning Privi Speciality security.