Sandhar Technologies (India) Market Value
| SANDHAR Stock | 523.35 0.50 0.1% |
| Symbol | Sandhar |
Sandhar Technologies '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 Sandhar Technologies' 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 Sandhar Technologies.
| 06/28/2024 |
| 12/25/2024 |
If you would invest 0.00 in Sandhar Technologies on June 28, 2024 and sell it all today you would earn a total of 0.00 from holding Sandhar Technologies Limited or generate 0.0% return on investment in Sandhar Technologies over 180 days. Sandhar Technologies is related to or competes with Reliance Industries, Life Insurance, Indian Oil, and Oil Natural. Sandhar Technologies is entity of India. It is traded as Stock on NSE exchange. More
Sandhar Technologies 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 Sandhar Technologies' 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 Sandhar Technologies Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 12.26 | |||
| Value At Risk | (3.52) | |||
| Potential Upside | 3.97 |
Sandhar Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sandhar Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sandhar Technologies' standard deviation. In reality, there are many statistical measures that can use Sandhar Technologies historical prices to predict the future Sandhar Technologies' volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | (0.21) |
Sandhar Technologies Backtested Returns
Sandhar Technologies owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0454, which indicates the firm had a -0.0454% return per unit of risk over the last 3 months. Sandhar Technologies Limited exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sandhar Technologies' Variance of 5.89, risk adjusted performance of (0.05), and Coefficient Of Variation of (1,339) to confirm the risk estimate we provide. The entity has a beta of 0.92, which indicates possible diversification benefits within a given portfolio. Sandhar Technologies returns are very sensitive to returns on the market. As the market goes up or down, Sandhar Technologies is expected to follow. At this point, Sandhar Technologies has a negative expected return of -0.11%. Please make sure to validate Sandhar Technologies' skewness, as well as the relationship between the rate of daily change and price action indicator , to decide if Sandhar Technologies performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.59 |
Good reverse predictability
Sandhar Technologies Limited has good reverse predictability. Overlapping area represents the amount of predictability between Sandhar Technologies time series from 28th of June 2024 to 26th of September 2024 and 26th of September 2024 to 25th 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 Sandhar Technologies price movement. The serial correlation of -0.59 indicates that roughly 59.0% of current Sandhar Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.59 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 971.17 |
Sandhar Technologies lagged returns against current returns
Autocorrelation, which is Sandhar Technologies 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 Sandhar Technologies' stock expected returns. We can calculate the autocorrelation of Sandhar Technologies returns to help us make a trade decision. For example, suppose you find that Sandhar Technologies 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 |
Sandhar Technologies 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 Sandhar Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sandhar Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sandhar Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Sandhar Technologies Lagged Returns
When evaluating Sandhar Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sandhar Technologies stock have on its future price. Sandhar Technologies 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, Sandhar Technologies autocorrelation shows the relationship between Sandhar Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Sandhar Technologies Limited.
Regressed Prices |
| Timeline |
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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.Additional Tools for Sandhar Stock Analysis
When running Sandhar Technologies' price analysis, check to measure Sandhar Technologies' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Sandhar Technologies is operating at the current time. Most of Sandhar Technologies' value examination focuses on studying past and present price action to predict the probability of Sandhar Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sandhar Technologies' price. Additionally, you may evaluate how the addition of Sandhar Technologies to your portfolios can decrease your overall portfolio volatility.