Ramco Cements (India) Market Value
| RAMCOCEM | 801.55 18.55 2.26% |
| Symbol | Ramco |
Ramco Cements '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 Ramco Cements' 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 Ramco Cements.
| 12/13/2024 |
| 03/13/2025 |
If you would invest 0.00 in Ramco Cements on December 13, 2024 and sell it all today you would earn a total of 0.00 from holding The Ramco Cements or generate 0.0% return on investment in Ramco Cements over 90 days. Ramco Cements is related to or competes with Dev Information, IdeaForge Technology, Sintex Plastics, Selan Exploration, Kingfa Science, and Varun Beverages. More
Ramco Cements 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 Ramco Cements' 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 Ramco Cements upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 8.68 | |||
| Value At Risk | (3.77) | |||
| Potential Upside | 2.11 |
Ramco Cements Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ramco Cements' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ramco Cements' standard deviation. In reality, there are many statistical measures that can use Ramco Cements historical prices to predict the future Ramco Cements' volatility.| Risk Adjusted Performance | (0.18) | |||
| Jensen Alpha | (0.33) | |||
| Total Risk Alpha | (0.12) | |||
| Treynor Ratio | (0.99) |
Ramco Cements Backtested Returns
Ramco Cements maintains Sharpe Ratio (i.e., Efficiency) of -0.24, which implies the firm had a -0.24 % return per unit of risk over the last 3 months. Ramco Cements exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Ramco Cements' Variance of 2.85, coefficient of variation of (457.33), and Market Risk Adjusted Performance of (0.98) 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, Ramco Cements' returns are expected to increase less than the market. However, during the bear market, the loss of holding Ramco Cements is expected to be smaller as well. At this point, Ramco Cements has a negative expected return of -0.4%. Please make sure to check Ramco Cements' treynor ratio, as well as the relationship between the accumulation distribution and price action indicator , to decide if Ramco Cements performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.77 |
Good predictability
The Ramco Cements has good predictability. Overlapping area represents the amount of predictability between Ramco Cements time series from 13th of December 2024 to 27th of January 2025 and 27th of January 2025 to 13th 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 Ramco Cements price movement. The serial correlation of 0.77 indicates that around 77.0% of current Ramco Cements price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 663.57 |
Ramco Cements lagged returns against current returns
Autocorrelation, which is Ramco Cements 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 Ramco Cements' stock expected returns. We can calculate the autocorrelation of Ramco Cements returns to help us make a trade decision. For example, suppose you find that Ramco Cements 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 |
Ramco Cements 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 Ramco Cements stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ramco Cements stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ramco Cements stock over time.
Current vs Lagged Prices |
| Timeline |
Ramco Cements Lagged Returns
When evaluating Ramco Cements' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ramco Cements stock have on its future price. Ramco Cements 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, Ramco Cements autocorrelation shows the relationship between Ramco Cements stock current value and its past values and can show if there is a momentum factor associated with investing in The Ramco Cements.
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 Ramco Stock
Ramco Cements financial ratios help investors to determine whether Ramco 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 Ramco with respect to the benefits of owning Ramco Cements security.