Surya Roshni's market value is the price at which a share of Surya Roshni trades on a public exchange. It measures the collective expectations of Surya Roshni Limited investors about its performance. Surya Roshni is selling at 281.65 as of the 5th of January 2025; that is 1.44 percent increase since the beginning of the trading day. The stock's open price was 277.65. With this module, you can estimate the performance of a buy and hold strategy of Surya Roshni Limited and determine expected loss or profit from investing in Surya Roshni over a given investment horizon. Check out Surya Roshni Correlation, Surya Roshni Volatility and Surya Roshni Alpha and Beta module to complement your research on Surya Roshni.
Please note, there is a significant difference between Surya Roshni's value and its price as these two are different measures arrived at by different means. Investors typically determine if Surya Roshni is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Surya Roshni'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.
Surya Roshni '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 Surya Roshni'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 Surya Roshni.
0.00
12/06/2024
No Change 0.00
0.0
In 31 days
01/05/2025
0.00
If you would invest 0.00 in Surya Roshni on December 6, 2024 and sell it all today you would earn a total of 0.00 from holding Surya Roshni Limited or generate 0.0% return on investment in Surya Roshni over 30 days. Surya Roshni is related to or competes with NMDC, Steel Authority, Embassy Office, Jai Balaji, Gujarat Narmada, Gujarat Alkalies, and Indian Metals. Surya Roshni is entity of India. It is traded as Stock on NSE exchange. More
Surya Roshni 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 Surya Roshni'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 Surya Roshni Limited upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Surya Roshni's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Surya Roshni's standard deviation. In reality, there are many statistical measures that can use Surya Roshni historical prices to predict the future Surya Roshni's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Surya Roshni. Your research has to be compared to or analyzed against Surya Roshni's peers to derive any actionable benefits. When done correctly, Surya Roshni's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Surya Roshni Limited.
Surya Roshni Limited Backtested Returns
Surya Roshni is out of control given 3 months investment horizon. Surya Roshni Limited owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the firm had a 0.11% return per unit of risk over the last 3 months. We are able to interpolate and collect thirty different technical indicators, which can help you to evaluate if expected returns of 14.03% are justified by taking the suggested risk. Use Surya Roshni Limited Coefficient Of Variation of 845.74, semi deviation of 10.43, and Risk Adjusted Performance of 0.1059 to evaluate company specific risk that cannot be diversified away. Surya Roshni holds a performance score of 8 on a scale of zero to a hundred. The entity has a beta of 19.73, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Surya Roshni will likely underperform. Use Surya Roshni Limited potential upside, as well as the relationship between the kurtosis and day typical price , to analyze future returns on Surya Roshni Limited.
Auto-correlation
-0.58
Good reverse predictability
Surya Roshni Limited has good reverse predictability. Overlapping area represents the amount of predictability between Surya Roshni time series from 6th of December 2024 to 21st of December 2024 and 21st of December 2024 to 5th 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 Surya Roshni Limited price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current Surya Roshni price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.58
Spearman Rank Test
-0.58
Residual Average
0.0
Price Variance
32.71
Surya Roshni Limited lagged returns against current returns
Autocorrelation, which is Surya Roshni 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 Surya Roshni's stock expected returns. We can calculate the autocorrelation of Surya Roshni returns to help us make a trade decision. For example, suppose you find that Surya Roshni 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
Surya Roshni 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 Surya Roshni stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Surya Roshni stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Surya Roshni stock over time.
Current vs Lagged Prices
Timeline
Surya Roshni Lagged Returns
When evaluating Surya Roshni's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Surya Roshni stock have on its future price. Surya Roshni 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, Surya Roshni autocorrelation shows the relationship between Surya Roshni stock current value and its past values and can show if there is a momentum factor associated with investing in Surya Roshni 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.
Surya Roshni financial ratios help investors to determine whether Surya 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 Surya with respect to the benefits of owning Surya Roshni security.