ShippingOf India (India) Market Value
| SCI Stock | 145.48 3.21 2.16% |
| Symbol | ShippingOf |
ShippingOf India '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 ShippingOf India'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 ShippingOf India.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in ShippingOf India on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Shipping or generate 0.0% return on investment in ShippingOf India over 90 days. ShippingOf India is related to or competes with SANOFI CONS, SBI Life, Apollo Hospitals, Aban Offshore, Aster DM, Zota Health, and Fortis Healthcare. More
ShippingOf India 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 ShippingOf India'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 Shipping upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 11.56 | |||
| Value At Risk | (5.48) | |||
| Potential Upside | 4.06 |
ShippingOf India Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ShippingOf India's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ShippingOf India's standard deviation. In reality, there are many statistical measures that can use ShippingOf India historical prices to predict the future ShippingOf India's volatility.| Risk Adjusted Performance | (0.20) | |||
| Jensen Alpha | (0.65) | |||
| Total Risk Alpha | (0.32) | |||
| Treynor Ratio | (3.95) |
ShippingOf India Backtested Returns
ShippingOf India owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.23, which indicates the firm had a -0.23 % return per unit of risk over the last 3 months. Shipping exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate ShippingOf India's Risk Adjusted Performance of (0.20), variance of 7.94, and Coefficient Of Variation of (427.78) to confirm the risk estimate we provide. The entity has a beta of 0.17, which indicates not very significant fluctuations relative to the market. As returns on the market increase, ShippingOf India's returns are expected to increase less than the market. However, during the bear market, the loss of holding ShippingOf India is expected to be smaller as well. At this point, ShippingOf India has a negative expected return of -0.66%. Please make sure to validate ShippingOf India's skewness, and the relationship between the treynor ratio and daily balance of power , to decide if ShippingOf India performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.69 |
Good predictability
Shipping has good predictability. Overlapping area represents the amount of predictability between ShippingOf India time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 ShippingOf India price movement. The serial correlation of 0.69 indicates that around 69.0% of current ShippingOf India price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.69 | |
| Spearman Rank Test | 0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 287.59 |
ShippingOf India lagged returns against current returns
Autocorrelation, which is ShippingOf India 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 ShippingOf India's stock expected returns. We can calculate the autocorrelation of ShippingOf India returns to help us make a trade decision. For example, suppose you find that ShippingOf India 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 |
ShippingOf India 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 ShippingOf India stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ShippingOf India stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ShippingOf India stock over time.
Current vs Lagged Prices |
| Timeline |
ShippingOf India Lagged Returns
When evaluating ShippingOf India's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ShippingOf India stock have on its future price. ShippingOf India 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, ShippingOf India autocorrelation shows the relationship between ShippingOf India stock current value and its past values and can show if there is a momentum factor associated with investing in Shipping.
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 ShippingOf Stock
ShippingOf India financial ratios help investors to determine whether ShippingOf 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 ShippingOf with respect to the benefits of owning ShippingOf India security.