Shigan Quantum (India) Market Value
| SHIGAN-SM | 115.00 4.00 3.36% |
| Symbol | Shigan |
Please note, there is a significant difference between Shigan Quantum's value and its price as these two are different measures arrived at by different means. Investors typically determine if Shigan Quantum is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Shigan Quantum'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.
Shigan Quantum '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 Shigan Quantum'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 Shigan Quantum.
| 12/07/2024 |
| 01/06/2025 |
If you would invest 0.00 in Shigan Quantum on December 7, 2024 and sell it all today you would earn a total of 0.00 from holding Shigan Quantum Tech or generate 0.0% return on investment in Shigan Quantum over 30 days. Shigan Quantum is related to or competes with Reliance Industries, HDFC Bank, Bharti Airtel, Kingfa Science, Agro Phos, Rico Auto, and GACM Technologies. Shigan Quantum is entity of India. It is traded as Stock on NSE exchange. More
Shigan Quantum 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 Shigan Quantum'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 Shigan Quantum Tech upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.09 | |||
| Information Ratio | 0.0171 | |||
| Maximum Drawdown | 13.01 | |||
| Value At Risk | (5.70) | |||
| Potential Upside | 5.97 |
Shigan Quantum Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shigan Quantum's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shigan Quantum's standard deviation. In reality, there are many statistical measures that can use Shigan Quantum historical prices to predict the future Shigan Quantum's volatility.| Risk Adjusted Performance | 0.0266 | |||
| Jensen Alpha | 0.0774 | |||
| Total Risk Alpha | 0.0193 | |||
| Sortino Ratio | 0.0154 | |||
| Treynor Ratio | (0.46) |
Shigan Quantum Tech Backtested Returns
At this point, Shigan Quantum is very steady. Shigan Quantum Tech owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0229, which indicates the firm had a 0.0229% return per unit of risk over the last 3 months. We have found thirty technical indicators for Shigan Quantum Tech, which you can use to evaluate the volatility of the company. Please validate Shigan Quantum's Coefficient Of Variation of 4316.92, semi deviation of 3.53, and Risk Adjusted Performance of 0.0266 to confirm if the risk estimate we provide is consistent with the expected return of 0.0835%. Shigan Quantum has a performance score of 1 on a scale of 0 to 100. The entity has a beta of -0.16, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Shigan Quantum are expected to decrease at a much lower rate. During the bear market, Shigan Quantum is likely to outperform the market. Shigan Quantum Tech right now has a risk of 3.65%. Please validate Shigan Quantum total risk alpha, downside variance, daily balance of power, as well as the relationship between the maximum drawdown and skewness , to decide if Shigan Quantum will be following its existing price patterns.
Auto-correlation | -0.4 |
Poor reverse predictability
Shigan Quantum Tech has poor reverse predictability. Overlapping area represents the amount of predictability between Shigan Quantum time series from 7th of December 2024 to 22nd of December 2024 and 22nd of December 2024 to 6th 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 Shigan Quantum Tech price movement. The serial correlation of -0.4 indicates that just about 40.0% of current Shigan Quantum price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.4 | |
| Spearman Rank Test | -0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 19.04 |
Shigan Quantum Tech lagged returns against current returns
Autocorrelation, which is Shigan Quantum 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 Shigan Quantum's stock expected returns. We can calculate the autocorrelation of Shigan Quantum returns to help us make a trade decision. For example, suppose you find that Shigan Quantum 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 |
Shigan Quantum 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 Shigan Quantum stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shigan Quantum stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shigan Quantum stock over time.
Current vs Lagged Prices |
| Timeline |
Shigan Quantum Lagged Returns
When evaluating Shigan Quantum's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shigan Quantum stock have on its future price. Shigan Quantum 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, Shigan Quantum autocorrelation shows the relationship between Shigan Quantum stock current value and its past values and can show if there is a momentum factor associated with investing in Shigan Quantum Tech.
Regressed Prices |
| Timeline |
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| TRX | TRON | |
| BNB | Binance Coin |
Other Information on Investing in Shigan Stock
Shigan Quantum financial ratios help investors to determine whether Shigan 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 Shigan with respect to the benefits of owning Shigan Quantum security.