Thirumalai Chemicals (India) Market Value
| TIRUMALCHM | 237.19 0.60 0.25% |
| Symbol | Thirumalai |
Thirumalai Chemicals '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 Thirumalai Chemicals' 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 Thirumalai Chemicals.
| 12/21/2024 |
| 03/21/2025 |
If you would invest 0.00 in Thirumalai Chemicals on December 21, 2024 and sell it all today you would earn a total of 0.00 from holding Thirumalai Chemicals Limited or generate 0.0% return on investment in Thirumalai Chemicals over 90 days. Thirumalai Chemicals is related to or competes with UCO Bank, Manali Petrochemicals, Privi Speciality, CSB Bank, CREDITACCESS GRAMEEN, and IDBI Bank. Thirumalai Chemicals is entity of India. It is traded as Stock on NSE exchange. More
Thirumalai Chemicals 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 Thirumalai Chemicals' 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 Thirumalai Chemicals Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 13.74 | |||
| Value At Risk | (5.80) | |||
| Potential Upside | 4.37 |
Thirumalai Chemicals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thirumalai Chemicals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thirumalai Chemicals' standard deviation. In reality, there are many statistical measures that can use Thirumalai Chemicals historical prices to predict the future Thirumalai Chemicals' volatility.| Risk Adjusted Performance | (0.17) | |||
| Jensen Alpha | (0.62) | |||
| Total Risk Alpha | (0.35) | |||
| Treynor Ratio | 51.48 |
Thirumalai Chemicals Backtested Returns
Thirumalai Chemicals owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.14, which indicates the firm had a -0.14 % return per unit of risk over the last 3 months. Thirumalai Chemicals Limited exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Thirumalai Chemicals' Risk Adjusted Performance of (0.17), coefficient of variation of (513.09), and Variance of 9.72 to confirm the risk estimate we provide. The entity has a beta of -0.012, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Thirumalai Chemicals are expected to decrease at a much lower rate. During the bear market, Thirumalai Chemicals is likely to outperform the market. At this point, Thirumalai Chemicals has a negative expected return of -0.47%. Please make sure to validate Thirumalai Chemicals' potential upside, as well as the relationship between the rate of daily change and relative strength index , to decide if Thirumalai Chemicals performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.35 |
Below average predictability
Thirumalai Chemicals Limited has below average predictability. Overlapping area represents the amount of predictability between Thirumalai Chemicals time series from 21st of December 2024 to 4th of February 2025 and 4th of February 2025 to 21st 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 Thirumalai Chemicals price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current Thirumalai Chemicals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | 0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 176.14 |
Thirumalai Chemicals lagged returns against current returns
Autocorrelation, which is Thirumalai Chemicals 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 Thirumalai Chemicals' stock expected returns. We can calculate the autocorrelation of Thirumalai Chemicals returns to help us make a trade decision. For example, suppose you find that Thirumalai Chemicals 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 |
Thirumalai Chemicals 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 Thirumalai Chemicals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thirumalai Chemicals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thirumalai Chemicals stock over time.
Current vs Lagged Prices |
| Timeline |
Thirumalai Chemicals Lagged Returns
When evaluating Thirumalai Chemicals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thirumalai Chemicals stock have on its future price. Thirumalai Chemicals 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, Thirumalai Chemicals autocorrelation shows the relationship between Thirumalai Chemicals stock current value and its past values and can show if there is a momentum factor associated with investing in Thirumalai Chemicals 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 Thirumalai Stock
Thirumalai Chemicals financial ratios help investors to determine whether Thirumalai 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 Thirumalai with respect to the benefits of owning Thirumalai Chemicals security.