Rama Steel (India) Market Value
| RAMASTEEL | 12.27 0.05 0.41% |
| Symbol | Rama |
Rama Steel '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 Rama Steel'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 Rama Steel.
| 12/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in Rama Steel on December 5, 2024 and sell it all today you would earn a total of 0.00 from holding Rama Steel Tubes or generate 0.0% return on investment in Rama Steel over 30 days. Rama Steel is related to or competes with NMDC, Steel Authority, Embassy Office, Jai Balaji, Gujarat Narmada, Gujarat Alkalies, and Indian Metals. Rama Steel is entity of India. It is traded as Stock on NSE exchange. More
Rama Steel 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 Rama Steel'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 Rama Steel Tubes upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 15.81 | |||
| Value At Risk | (4.24) | |||
| Potential Upside | 2.78 |
Rama Steel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rama Steel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rama Steel's standard deviation. In reality, there are many statistical measures that can use Rama Steel historical prices to predict the future Rama Steel's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.27) | |||
| Treynor Ratio | 1.96 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Rama Steel'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.
Rama Steel Tubes Backtested Returns
Rama Steel Tubes maintains Sharpe Ratio (i.e., Efficiency) of -0.0529, which implies the firm had a -0.0529% return per unit of risk over the last 3 months. Rama Steel Tubes exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Rama Steel's Coefficient Of Variation of (1,264), variance of 7.38, and Risk Adjusted Performance of (0.06) to confirm the risk estimate we provide. The company holds a Beta of -0.11, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Rama Steel are expected to decrease at a much lower rate. During the bear market, Rama Steel is likely to outperform the market. At this point, Rama Steel Tubes has a negative expected return of -0.14%. Please make sure to check Rama Steel's total risk alpha, skewness, as well as the relationship between the Skewness and day median price , to decide if Rama Steel Tubes performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.26 |
Weak reverse predictability
Rama Steel Tubes has weak reverse predictability. Overlapping area represents the amount of predictability between Rama Steel time series from 5th of December 2024 to 20th of December 2024 and 20th of December 2024 to 4th 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 Rama Steel Tubes price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current Rama Steel price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Rama Steel Tubes lagged returns against current returns
Autocorrelation, which is Rama Steel 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 Rama Steel's stock expected returns. We can calculate the autocorrelation of Rama Steel returns to help us make a trade decision. For example, suppose you find that Rama Steel 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 |
Rama Steel 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 Rama Steel stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rama Steel stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rama Steel stock over time.
Current vs Lagged Prices |
| Timeline |
Rama Steel Lagged Returns
When evaluating Rama Steel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rama Steel stock have on its future price. Rama Steel 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, Rama Steel autocorrelation shows the relationship between Rama Steel stock current value and its past values and can show if there is a momentum factor associated with investing in Rama Steel Tubes.
Regressed Prices |
| Timeline |
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Other Information on Investing in Rama Stock
Rama Steel financial ratios help investors to determine whether Rama 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 Rama with respect to the benefits of owning Rama Steel security.