AksharChem India (India) Market Value
| AKSHARCHEM | 300.90 6.80 2.31% |
| Symbol | AksharChem |
AksharChem India '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 AksharChem India'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 AksharChem India.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in AksharChem India on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding AksharChem India Limited or generate 0.0% return on investment in AksharChem India over 30 days. AksharChem India is related to or competes with NMDC, Steel Authority, Embassy Office, Gujarat Alkalies, Indian Metals, and JTL Industries. AksharChem India is entity of India. It is traded as Stock on NSE exchange. More
AksharChem India 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 AksharChem India'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 AksharChem India Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 8.6 | |||
| Value At Risk | (3.07) | |||
| Potential Upside | 4.01 |
AksharChem India Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AksharChem India's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AksharChem India's standard deviation. In reality, there are many statistical measures that can use AksharChem India historical prices to predict the future AksharChem India's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.45) | |||
| Treynor Ratio | (0.29) |
AksharChem India Backtested Returns
AksharChem India secures Sharpe Ratio (or Efficiency) of -0.12, which signifies that the company had a -0.12% return per unit of risk over the last 3 months. AksharChem India Limited exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm AksharChem India's Mean Deviation of 1.67, standard deviation of 2.05, and Risk Adjusted Performance of (0.04) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.44, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, AksharChem India's returns are expected to increase less than the market. However, during the bear market, the loss of holding AksharChem India is expected to be smaller as well. At this point, AksharChem India has a negative expected return of -0.24%. Please make sure to confirm AksharChem India's value at risk, rate of daily change, relative strength index, as well as the relationship between the kurtosis and market facilitation index , to decide if AksharChem India performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.47 |
Modest reverse predictability
AksharChem India Limited has modest reverse predictability. Overlapping area represents the amount of predictability between AksharChem India time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 AksharChem India price movement. The serial correlation of -0.47 indicates that about 47.0% of current AksharChem India price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.47 | |
| Spearman Rank Test | -0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 13.45 |
AksharChem India lagged returns against current returns
Autocorrelation, which is AksharChem India 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 AksharChem India's stock expected returns. We can calculate the autocorrelation of AksharChem India returns to help us make a trade decision. For example, suppose you find that AksharChem India 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 |
AksharChem India 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 AksharChem India stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AksharChem India stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AksharChem India stock over time.
Current vs Lagged Prices |
| Timeline |
AksharChem India Lagged Returns
When evaluating AksharChem India's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AksharChem India stock have on its future price. AksharChem India 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, AksharChem India autocorrelation shows the relationship between AksharChem India stock current value and its past values and can show if there is a momentum factor associated with investing in AksharChem India 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 AksharChem Stock
AksharChem India financial ratios help investors to determine whether AksharChem 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 AksharChem with respect to the benefits of owning AksharChem India security.