Selan Exploration (India) Market Value
| SELAN Stock | 892.65 41.40 4.86% |
| Symbol | Selan |
Selan Exploration '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 Selan Exploration'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 Selan Exploration.
| 08/31/2024 |
| 11/29/2024 |
If you would invest 0.00 in Selan Exploration on August 31, 2024 and sell it all today you would earn a total of 0.00 from holding Selan Exploration Technology or generate 0.0% return on investment in Selan Exploration over 90 days. Selan Exploration is related to or competes with Kingfa Science, GTL, Indo Amines, Exide Industries, Delta Manufacturing, EID Parry, and Lakshmi Precision. Selan Exploration is entity of India. It is traded as Stock on NSE exchange. More
Selan Exploration 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 Selan Exploration'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 Selan Exploration Technology upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 11.02 | |||
| Value At Risk | (3.99) | |||
| Potential Upside | 5.45 |
Selan Exploration Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Selan Exploration's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Selan Exploration's standard deviation. In reality, there are many statistical measures that can use Selan Exploration historical prices to predict the future Selan Exploration's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.55) | |||
| Treynor Ratio | (0.93) |
Selan Exploration Backtested Returns
Selan Exploration owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0249, which indicates the firm had a -0.0249% return per unit of risk over the last 3 months. Selan Exploration Technology exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Selan Exploration's Risk Adjusted Performance of (0.02), coefficient of variation of (2,859), and Variance of 8.33 to confirm the risk estimate we provide. The entity has a beta of 0.12, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Selan Exploration's returns are expected to increase less than the market. However, during the bear market, the loss of holding Selan Exploration is expected to be smaller as well. At this point, Selan Exploration has a negative expected return of -0.0736%. Please make sure to validate Selan Exploration's potential upside, as well as the relationship between the daily balance of power and market facilitation index , to decide if Selan Exploration performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.22 |
Weak reverse predictability
Selan Exploration Technology has weak reverse predictability. Overlapping area represents the amount of predictability between Selan Exploration time series from 31st of August 2024 to 15th of October 2024 and 15th of October 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 Selan Exploration price movement. The serial correlation of -0.22 indicates that over 22.0% of current Selan Exploration price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 1893.26 |
Selan Exploration lagged returns against current returns
Autocorrelation, which is Selan Exploration 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 Selan Exploration's stock expected returns. We can calculate the autocorrelation of Selan Exploration returns to help us make a trade decision. For example, suppose you find that Selan Exploration 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 |
Selan Exploration 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 Selan Exploration stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Selan Exploration stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Selan Exploration stock over time.
Current vs Lagged Prices |
| Timeline |
Selan Exploration Lagged Returns
When evaluating Selan Exploration's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Selan Exploration stock have on its future price. Selan Exploration 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, Selan Exploration autocorrelation shows the relationship between Selan Exploration stock current value and its past values and can show if there is a momentum factor associated with investing in Selan Exploration Technology.
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 Selan Stock
Selan Exploration financial ratios help investors to determine whether Selan 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 Selan with respect to the benefits of owning Selan Exploration security.