Sapphire Foods (India) Market Value
| SAPPHIRE | 325.30 0.85 0.26% |
| Symbol | Sapphire |
Sapphire Foods '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 Sapphire Foods' 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 Sapphire Foods.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Sapphire Foods on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Sapphire Foods India or generate 0.0% return on investment in Sapphire Foods over 30 days. Sapphire Foods is related to or competes with United Drilling, Steelcast, DMCC SPECIALITY, Sanginita Chemicals, Biofil Chemicals, Jindal Drilling, and Mahamaya Steel. Sapphire Foods is entity of India. It is traded as Stock on NSE exchange. More
Sapphire Foods 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 Sapphire Foods' 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 Sapphire Foods India upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.95 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 11.91 | |||
| Value At Risk | (2.90) | |||
| Potential Upside | 4.06 |
Sapphire Foods Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sapphire Foods' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sapphire Foods' standard deviation. In reality, there are many statistical measures that can use Sapphire Foods historical prices to predict the future Sapphire Foods' volatility.| Risk Adjusted Performance | 0.0164 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.31) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.0271 |
Sapphire Foods India Backtested Returns
Sapphire Foods India owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0018, which indicates the firm had a -0.0018% return per unit of risk over the last 3 months. Sapphire Foods India exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sapphire Foods' Semi Deviation of 1.81, coefficient of variation of 7716.86, and Risk Adjusted Performance of 0.0164 to confirm the risk estimate we provide. The entity has a beta of 0.68, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Sapphire Foods' returns are expected to increase less than the market. However, during the bear market, the loss of holding Sapphire Foods is expected to be smaller as well. At this point, Sapphire Foods India has a negative expected return of -0.004%. Please make sure to validate Sapphire Foods' value at risk, as well as the relationship between the skewness and day median price , to decide if Sapphire Foods India performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.47 |
Modest reverse predictability
Sapphire Foods India has modest reverse predictability. Overlapping area represents the amount of predictability between Sapphire Foods time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 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 Sapphire Foods India price movement. The serial correlation of -0.47 indicates that about 47.0% of current Sapphire Foods price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.47 | |
| Spearman Rank Test | -0.82 | |
| Residual Average | 0.0 | |
| Price Variance | 72.25 |
Sapphire Foods India lagged returns against current returns
Autocorrelation, which is Sapphire Foods 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 Sapphire Foods' stock expected returns. We can calculate the autocorrelation of Sapphire Foods returns to help us make a trade decision. For example, suppose you find that Sapphire Foods 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 |
Sapphire Foods 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 Sapphire Foods stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sapphire Foods stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sapphire Foods stock over time.
Current vs Lagged Prices |
| Timeline |
Sapphire Foods Lagged Returns
When evaluating Sapphire Foods' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sapphire Foods stock have on its future price. Sapphire Foods 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, Sapphire Foods autocorrelation shows the relationship between Sapphire Foods stock current value and its past values and can show if there is a momentum factor associated with investing in Sapphire Foods India.
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 Sapphire Stock Analysis
When running Sapphire Foods' price analysis, check to measure Sapphire Foods' 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 Sapphire Foods is operating at the current time. Most of Sapphire Foods' value examination focuses on studying past and present price action to predict the probability of Sapphire Foods' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sapphire Foods' price. Additionally, you may evaluate how the addition of Sapphire Foods to your portfolios can decrease your overall portfolio volatility.