20 Microns (India) Market Value
| 20MICRONS | 225.20 4.60 2.00% |
| Symbol | 20MICRONS |
20 Microns '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 20 Microns' 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 20 Microns.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in 20 Microns on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding 20 Microns Limited or generate 0.0% return on investment in 20 Microns over 30 days. 20 Microns is related to or competes with Tree House, Hisar Metal, Madhav Copper, Varun Beverages, Ratnamani Metals, Associated Alcohols, and Sarthak Metals. More
20 Microns 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 20 Microns' 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 20 Microns Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.30) | |||
| Maximum Drawdown | 8.35 | |||
| Value At Risk | (2.84) | |||
| Potential Upside | 4.31 |
20 Microns Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 20 Microns' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 20 Microns' standard deviation. In reality, there are many statistical measures that can use 20 Microns historical prices to predict the future 20 Microns' volatility.| Risk Adjusted Performance | (0.18) | |||
| Jensen Alpha | (0.52) | |||
| Total Risk Alpha | (0.86) | |||
| Treynor Ratio | 3.55 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of 20 Microns' 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.
20 Microns Limited Backtested Returns
20 Microns Limited retains Efficiency (Sharpe Ratio) of -0.24, which signifies that the company had a -0.24% return per unit of price deviation over the last 3 months. 20 Microns exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 20 Microns' Variance of 4.69, market risk adjusted performance of 3.56, and Information Ratio of (0.30) to double-check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of -0.15, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning 20 Microns are expected to decrease at a much lower rate. During the bear market, 20 Microns is likely to outperform the market. At this point, 20 Microns Limited has a negative expected return of -0.52%. Please make sure to confirm 20 Microns' total risk alpha, potential upside, and the relationship between the standard deviation and maximum drawdown , to decide if 20 Microns Limited performance from the past will be repeated sooner or later.
Auto-correlation | 0.29 |
Poor predictability
20 Microns Limited has poor predictability. Overlapping area represents the amount of predictability between 20 Microns time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th of November 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 20 Microns Limited price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current 20 Microns price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 12.6 |
20 Microns Limited lagged returns against current returns
Autocorrelation, which is 20 Microns 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 20 Microns' stock expected returns. We can calculate the autocorrelation of 20 Microns returns to help us make a trade decision. For example, suppose you find that 20 Microns 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 |
20 Microns 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 20 Microns stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 20 Microns stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 20 Microns stock over time.
Current vs Lagged Prices |
| Timeline |
20 Microns Lagged Returns
When evaluating 20 Microns' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 20 Microns stock have on its future price. 20 Microns 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, 20 Microns autocorrelation shows the relationship between 20 Microns stock current value and its past values and can show if there is a momentum factor associated with investing in 20 Microns 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 20MICRONS Stock
20 Microns financial ratios help investors to determine whether 20MICRONS 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 20MICRONS with respect to the benefits of owning 20 Microns security.