Welspun Corp (India) Market Value
| WELCORP Stock | 788.60 8.80 1.10% |
| Symbol | Welspun |
Welspun Corp '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 Welspun Corp'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 Welspun Corp.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in Welspun Corp on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Welspun Corp Limited or generate 0.0% return on investment in Welspun Corp over 30 days. Welspun Corp is related to or competes with NMDC, Steel Authority, Embassy Office, Gujarat Narmada, Gujarat Alkalies, Indian Metals, and JTL Industries. Welspun Corp is entity of India. It is traded as Stock on NSE exchange. More
Welspun Corp 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 Welspun Corp'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 Welspun Corp Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.45 | |||
| Information Ratio | 0.0626 | |||
| Maximum Drawdown | 11.04 | |||
| Value At Risk | (4.06) | |||
| Potential Upside | 4.17 |
Welspun Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Welspun Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Welspun Corp's standard deviation. In reality, there are many statistical measures that can use Welspun Corp historical prices to predict the future Welspun Corp's volatility.| Risk Adjusted Performance | 0.0836 | |||
| Jensen Alpha | 0.1669 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.0591 | |||
| Treynor Ratio | 0.3119 |
Welspun Corp Limited Backtested Returns
Welspun Corp appears to be very steady, given 3 months investment horizon. Welspun Corp Limited shows Sharpe Ratio of 0.11, which attests that the company had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Welspun Corp Limited, which you can use to evaluate the volatility of the company. Please utilize Welspun Corp's Mean Deviation of 1.71, downside deviation of 2.45, and Market Risk Adjusted Performance of 0.3219 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Welspun Corp holds a performance score of 8. The firm maintains a market beta of 0.75, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Welspun Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding Welspun Corp is expected to be smaller as well. Please check Welspun Corp's expected short fall, and the relationship between the maximum drawdown and rate of daily change , to make a quick decision on whether Welspun Corp's historical returns will revert.
Auto-correlation | 0.68 |
Good predictability
Welspun Corp Limited has good predictability. Overlapping area represents the amount of predictability between Welspun Corp time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 Welspun Corp Limited price movement. The serial correlation of 0.68 indicates that around 68.0% of current Welspun Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 73.51 |
Welspun Corp Limited lagged returns against current returns
Autocorrelation, which is Welspun Corp 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 Welspun Corp's stock expected returns. We can calculate the autocorrelation of Welspun Corp returns to help us make a trade decision. For example, suppose you find that Welspun Corp 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 |
Welspun Corp 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 Welspun Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Welspun Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Welspun Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Welspun Corp Lagged Returns
When evaluating Welspun Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Welspun Corp stock have on its future price. Welspun Corp 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, Welspun Corp autocorrelation shows the relationship between Welspun Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Welspun Corp Limited.
Regressed Prices |
| Timeline |
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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.Additional Tools for Welspun Stock Analysis
When running Welspun Corp's price analysis, check to measure Welspun Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Welspun Corp is operating at the current time. Most of Welspun Corp's value examination focuses on studying past and present price action to predict the probability of Welspun Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Welspun Corp's price. Additionally, you may evaluate how the addition of Welspun Corp to your portfolios can decrease your overall portfolio volatility.