Sumeet Industries (India) Market Value
| SUMEETINDS | 97.80 0.00 0.00% |
| Symbol | Sumeet |
Sumeet Industries '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 Sumeet Industries' 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 Sumeet Industries.
| 12/31/2022 |
| 12/20/2024 |
If you would invest 0.00 in Sumeet Industries on December 31, 2022 and sell it all today you would earn a total of 0.00 from holding Sumeet Industries Limited or generate 0.0% return on investment in Sumeet Industries over 720 days. Sumeet Industries is related to or competes with Reliance Industries, Life Insurance, Indian Oil, and Oil Natural. Sumeet Industries is entity of India. It is traded as Stock on NSE exchange. More
Sumeet Industries 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 Sumeet Industries' 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 Sumeet Industries Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1261 | |||
| Maximum Drawdown | 1857.63 | |||
| Potential Upside | 4.88 |
Sumeet Industries Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sumeet Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sumeet Industries' standard deviation. In reality, there are many statistical measures that can use Sumeet Industries historical prices to predict the future Sumeet Industries' volatility.| Risk Adjusted Performance | 0.1102 | |||
| Jensen Alpha | 29.68 | |||
| Total Risk Alpha | 22.1 | |||
| Treynor Ratio | (0.81) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sumeet Industries' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Sumeet Industries Backtested Returns
Sumeet Industries is out of control given 3 months investment horizon. Sumeet Industries owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates the firm had a 0.13% return per unit of risk over the last 3 months. We were able to interpolate seventeen different technical indicators, which can help you to evaluate if expected returns of 16.55% are justified by taking the suggested risk. Use Sumeet Industries Risk Adjusted Performance of 0.1102, variance of 52245.75, and Coefficient Of Variation of 792.12 to evaluate company specific risk that cannot be diversified away. Sumeet Industries holds a performance score of 10 on a scale of zero to a hundred. The entity has a beta of -35.45, which indicates a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Sumeet Industries are expected to decrease by larger amounts. On the other hand, during market turmoil, Sumeet Industries is expected to outperform it. Use Sumeet Industries information ratio, potential upside, as well as the relationship between the Potential Upside and rate of daily change , to analyze future returns on Sumeet Industries.
Auto-correlation | 0.58 |
Modest predictability
Sumeet Industries Limited has modest predictability. Overlapping area represents the amount of predictability between Sumeet Industries time series from 31st of December 2022 to 26th of December 2023 and 26th of December 2023 to 20th 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 Sumeet Industries price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current Sumeet Industries price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 1348.59 |
Sumeet Industries lagged returns against current returns
Autocorrelation, which is Sumeet Industries 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 Sumeet Industries' stock expected returns. We can calculate the autocorrelation of Sumeet Industries returns to help us make a trade decision. For example, suppose you find that Sumeet Industries 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 |
Sumeet Industries 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 Sumeet Industries stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sumeet Industries stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sumeet Industries stock over time.
Current vs Lagged Prices |
| Timeline |
Sumeet Industries Lagged Returns
When evaluating Sumeet Industries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sumeet Industries stock have on its future price. Sumeet Industries 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, Sumeet Industries autocorrelation shows the relationship between Sumeet Industries stock current value and its past values and can show if there is a momentum factor associated with investing in Sumeet Industries Limited.
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 Sumeet Stock
Sumeet Industries financial ratios help investors to determine whether Sumeet 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 Sumeet with respect to the benefits of owning Sumeet Industries security.