21st Century (India) Market Value
| 21STCENMGM | 99.93 1.28 1.26% |
| Symbol | 21st |
21st Century '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 21st Century'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 21st Century.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in 21st Century on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding 21st Century Management or generate 0.0% return on investment in 21st Century over 510 days. 21st Century is related to or competes with Sasken Technologies, PB Fintech, Pondy Oxides, 63 Moons, VA Tech, Nucleus Software, and JGCHEMICALS. 21st Century is entity of India. It is traded as Stock on NSE exchange. More
21st Century 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 21st Century'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 21st Century Management upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 5.56 | |||
| Value At Risk | (2.01) | |||
| Potential Upside | 2.0 |
21st Century Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 21st Century's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 21st Century's standard deviation. In reality, there are many statistical measures that can use 21st Century historical prices to predict the future 21st Century's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.40) | |||
| Treynor Ratio | (0.31) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of 21st Century's 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.
21st Century Management Backtested Returns
21st Century Management secures Sharpe Ratio (or Efficiency) of -0.11, which signifies that the company had a -0.11% return per unit of standard deviation over the last 3 months. 21st Century Management exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 21st Century's Variance of 3.85, coefficient of variation of (2,242), and Mean Deviation of 1.88 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.32, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, 21st Century's returns are expected to increase less than the market. However, during the bear market, the loss of holding 21st Century is expected to be smaller as well. At this point, 21st Century Management has a negative expected return of -0.22%. Please make sure to confirm 21st Century's treynor ratio, accumulation distribution, price action indicator, as well as the relationship between the potential upside and day median price , to decide if 21st Century Management performance from the past will be repeated in the future.
Auto-correlation | 0.74 |
Good predictability
21st Century Management has good predictability. Overlapping area represents the amount of predictability between 21st Century time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th 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 21st Century Management price movement. The serial correlation of 0.74 indicates that around 74.0% of current 21st Century price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.74 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 954.43 |
21st Century Management lagged returns against current returns
Autocorrelation, which is 21st Century 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 21st Century's stock expected returns. We can calculate the autocorrelation of 21st Century returns to help us make a trade decision. For example, suppose you find that 21st Century 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 |
21st Century 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 21st Century stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 21st Century stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 21st Century stock over time.
Current vs Lagged Prices |
| Timeline |
21st Century Lagged Returns
When evaluating 21st Century's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 21st Century stock have on its future price. 21st Century 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, 21st Century autocorrelation shows the relationship between 21st Century stock current value and its past values and can show if there is a momentum factor associated with investing in 21st Century Management.
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 21st Stock
21st Century financial ratios help investors to determine whether 21st 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 21st with respect to the benefits of owning 21st Century security.