Reliance Chemotex's market value is the price at which a share of Reliance Chemotex trades on a public exchange. It measures the collective expectations of Reliance Chemotex Industries investors about its performance. Reliance Chemotex is selling at 210.99 as of the 4th of January 2025; that is 0.59 percent decrease since the beginning of the trading day. The stock's lowest day price was 210.1. With this module, you can estimate the performance of a buy and hold strategy of Reliance Chemotex Industries and determine expected loss or profit from investing in Reliance Chemotex over a given investment horizon. Check out Reliance Chemotex Correlation, Reliance Chemotex Volatility and Reliance Chemotex Alpha and Beta module to complement your research on Reliance Chemotex.
Please note, there is a significant difference between Reliance Chemotex's value and its price as these two are different measures arrived at by different means. Investors typically determine if Reliance Chemotex is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Reliance Chemotex's 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.
Reliance Chemotex '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 Reliance Chemotex'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 Reliance Chemotex.
0.00
11/05/2024
No Change 0.00
0.0
In 2 months and 2 days
01/04/2025
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If you would invest 0.00 in Reliance Chemotex on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Reliance Chemotex Industries or generate 0.0% return on investment in Reliance Chemotex over 60 days. Reliance Chemotex is related to or competes with Tips Music, Sarthak Metals, Parag Milk, Bikaji Foods, Kohinoor Foods, Agro Tech, and LT Foods. Reliance Chemotex is entity of India. It is traded as Stock on NSE exchange. More
Reliance Chemotex 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 Reliance Chemotex'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 Reliance Chemotex Industries upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Reliance Chemotex's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Reliance Chemotex's standard deviation. In reality, there are many statistical measures that can use Reliance Chemotex historical prices to predict the future Reliance Chemotex's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Reliance Chemotex. Your research has to be compared to or analyzed against Reliance Chemotex's peers to derive any actionable benefits. When done correctly, Reliance Chemotex's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Reliance Chemotex.
Reliance Chemotex Backtested Returns
Reliance Chemotex maintains Sharpe Ratio (i.e., Efficiency) of -0.001, which implies the firm had a -0.001% return per unit of risk over the last 3 months. Reliance Chemotex exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Reliance Chemotex's Risk Adjusted Performance of (0.02), coefficient of variation of (2,809), and Variance of 4.28 to confirm the risk estimate we provide. The company holds a Beta of -0.37, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Reliance Chemotex are expected to decrease at a much lower rate. During the bear market, Reliance Chemotex is likely to outperform the market. At this point, Reliance Chemotex has a negative expected return of -0.002%. Please make sure to check Reliance Chemotex's kurtosis, and the relationship between the value at risk and rate of daily change , to decide if Reliance Chemotex performance from the past will be repeated at some point in the near future.
Auto-correlation
0.42
Average predictability
Reliance Chemotex Industries has average predictability. Overlapping area represents the amount of predictability between Reliance Chemotex time series from 5th of November 2024 to 5th of December 2024 and 5th 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 Reliance Chemotex price movement. The serial correlation of 0.42 indicates that just about 42.0% of current Reliance Chemotex price fluctuation can be explain by its past prices.
Correlation Coefficient
0.42
Spearman Rank Test
0.12
Residual Average
0.0
Price Variance
39.77
Reliance Chemotex lagged returns against current returns
Autocorrelation, which is Reliance Chemotex 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 Reliance Chemotex's stock expected returns. We can calculate the autocorrelation of Reliance Chemotex returns to help us make a trade decision. For example, suppose you find that Reliance Chemotex 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
Reliance Chemotex 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 Reliance Chemotex stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Reliance Chemotex stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Reliance Chemotex stock over time.
Current vs Lagged Prices
Timeline
Reliance Chemotex Lagged Returns
When evaluating Reliance Chemotex's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Reliance Chemotex stock have on its future price. Reliance Chemotex 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, Reliance Chemotex autocorrelation shows the relationship between Reliance Chemotex stock current value and its past values and can show if there is a momentum factor associated with investing in Reliance Chemotex Industries.
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.
Reliance Chemotex financial ratios help investors to determine whether Reliance 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 Reliance with respect to the benefits of owning Reliance Chemotex security.