Vinyl Chemicals (India) Market Value
| VINYLINDIA | 336.15 6.85 2.00% |
| Symbol | Vinyl |
Vinyl 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 Vinyl 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 Vinyl Chemicals.
| 11/27/2024 |
| 12/27/2024 |
If you would invest 0.00 in Vinyl Chemicals on November 27, 2024 and sell it all today you would earn a total of 0.00 from holding Vinyl Chemicals Limited or generate 0.0% return on investment in Vinyl Chemicals over 30 days. Vinyl Chemicals is related to or competes with NMDC, Steel Authority, Embassy Office, Gujarat Narmada, Gujarat Alkalies, Indian Metals, and JTL Industries. Vinyl Chemicals is entity of India. It is traded as Stock on NSE exchange. More
Vinyl 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 Vinyl 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 Vinyl Chemicals Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 9.54 | |||
| Value At Risk | (3.53) | |||
| Potential Upside | 2.48 |
Vinyl Chemicals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vinyl Chemicals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vinyl Chemicals' standard deviation. In reality, there are many statistical measures that can use Vinyl Chemicals historical prices to predict the future Vinyl Chemicals' volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.32) | |||
| Total Risk Alpha | (0.41) | |||
| Treynor Ratio | (4.84) |
Vinyl Chemicals Backtested Returns
Vinyl Chemicals owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.16, which indicates the firm had a -0.16% return per unit of risk over the last 3 months. Vinyl Chemicals Limited exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Vinyl Chemicals' Coefficient Of Variation of (571.61), variance of 3.01, and Risk Adjusted Performance of (0.13) to confirm the risk estimate we provide. The entity has a beta of 0.0647, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Vinyl Chemicals' returns are expected to increase less than the market. However, during the bear market, the loss of holding Vinyl Chemicals is expected to be smaller as well. At this point, Vinyl Chemicals has a negative expected return of -0.28%. Please make sure to validate Vinyl Chemicals' treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if Vinyl Chemicals performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.79 |
Almost perfect reverse predictability
Vinyl Chemicals Limited has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Vinyl Chemicals time series from 27th of November 2024 to 12th of December 2024 and 12th of December 2024 to 27th 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 Vinyl Chemicals price movement. The serial correlation of -0.79 indicates that around 79.0% of current Vinyl Chemicals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.79 | |
| Spearman Rank Test | -0.98 | |
| Residual Average | 0.0 | |
| Price Variance | 162.66 |
Vinyl Chemicals lagged returns against current returns
Autocorrelation, which is Vinyl 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 Vinyl Chemicals' stock expected returns. We can calculate the autocorrelation of Vinyl Chemicals returns to help us make a trade decision. For example, suppose you find that Vinyl 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 |
Vinyl 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 Vinyl Chemicals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vinyl Chemicals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vinyl Chemicals stock over time.
Current vs Lagged Prices |
| Timeline |
Vinyl Chemicals Lagged Returns
When evaluating Vinyl Chemicals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vinyl Chemicals stock have on its future price. Vinyl 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, Vinyl Chemicals autocorrelation shows the relationship between Vinyl Chemicals stock current value and its past values and can show if there is a momentum factor associated with investing in Vinyl 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 Vinyl Stock
Vinyl Chemicals financial ratios help investors to determine whether Vinyl 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 Vinyl with respect to the benefits of owning Vinyl Chemicals security.