Ratnamani Metals (India) Market Value
| RATNAMANI | 3,430 24.50 0.71% |
| Symbol | Ratnamani |
Ratnamani Metals '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 Ratnamani Metals' 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 Ratnamani Metals.
| 12/10/2022 |
| 11/29/2024 |
If you would invest 0.00 in Ratnamani Metals on December 10, 2022 and sell it all today you would earn a total of 0.00 from holding Ratnamani Metals Tubes or generate 0.0% return on investment in Ratnamani Metals over 720 days. Ratnamani Metals is related to or competes with NMDC, Steel Authority, Embassy Office, Gujarat Narmada, Indian Metals, and JTL Industries. Ratnamani Metals is entity of India. It is traded as Stock on NSE exchange. More
Ratnamani Metals 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 Ratnamani Metals' 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 Ratnamani Metals Tubes upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 11.63 | |||
| Value At Risk | (2.13) | |||
| Potential Upside | 2.07 |
Ratnamani Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ratnamani Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ratnamani Metals' standard deviation. In reality, there are many statistical measures that can use Ratnamani Metals historical prices to predict the future Ratnamani Metals' volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.31) | |||
| Treynor Ratio | (0.66) |
Ratnamani Metals Tubes Backtested Returns
Ratnamani Metals Tubes maintains Sharpe Ratio (i.e., Efficiency) of -0.0734, which implies the firm had a -0.0734% return per unit of risk over the last 3 months. Ratnamani Metals Tubes exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Ratnamani Metals' Variance of 2.44, coefficient of variation of (2,438), and Risk Adjusted Performance of (0.03) 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, Ratnamani Metals' returns are expected to increase less than the market. However, during the bear market, the loss of holding Ratnamani Metals is expected to be smaller as well. At this point, Ratnamani Metals Tubes has a negative expected return of -0.12%. Please make sure to check Ratnamani Metals' rate of daily change, and the relationship between the kurtosis and market facilitation index , to decide if Ratnamani Metals Tubes performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.52 |
Modest predictability
Ratnamani Metals Tubes has modest predictability. Overlapping area represents the amount of predictability between Ratnamani Metals time series from 10th of December 2022 to 5th of December 2023 and 5th of December 2023 to 29th of November 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 Ratnamani Metals Tubes price movement. The serial correlation of 0.52 indicates that about 52.0% of current Ratnamani Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 83.5 K |
Ratnamani Metals Tubes lagged returns against current returns
Autocorrelation, which is Ratnamani Metals 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 Ratnamani Metals' stock expected returns. We can calculate the autocorrelation of Ratnamani Metals returns to help us make a trade decision. For example, suppose you find that Ratnamani Metals 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 |
Ratnamani Metals 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 Ratnamani Metals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ratnamani Metals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ratnamani Metals stock over time.
Current vs Lagged Prices |
| Timeline |
Ratnamani Metals Lagged Returns
When evaluating Ratnamani Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ratnamani Metals stock have on its future price. Ratnamani Metals 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, Ratnamani Metals autocorrelation shows the relationship between Ratnamani Metals stock current value and its past values and can show if there is a momentum factor associated with investing in Ratnamani Metals Tubes.
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 Ratnamani Stock
Ratnamani Metals financial ratios help investors to determine whether Ratnamani 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 Ratnamani with respect to the benefits of owning Ratnamani Metals security.