Andhra Sugars (India) Market Value
| ANDHRSUGAR | 98.74 2.39 2.48% |
| Symbol | Andhra |
Andhra Sugars '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 Andhra Sugars' 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 Andhra Sugars.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Andhra Sugars on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding The Andhra Sugars or generate 0.0% return on investment in Andhra Sugars over 30 days. Andhra Sugars is related to or competes with NMDC, Steel Authority, Embassy Office, Gujarat Narmada, Gujarat Alkalies, Indian Metals, and JTL Industries. Andhra Sugars is entity of India. It is traded as Stock on NSE exchange. More
Andhra Sugars 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 Andhra Sugars' 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 The Andhra Sugars upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 9.88 | |||
| Value At Risk | (3.57) | |||
| Potential Upside | 3.79 |
Andhra Sugars Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Andhra Sugars' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Andhra Sugars' standard deviation. In reality, there are many statistical measures that can use Andhra Sugars historical prices to predict the future Andhra Sugars' volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.52) | |||
| Treynor Ratio | 5.89 |
Andhra Sugars Backtested Returns
Andhra Sugars secures Sharpe Ratio (or Efficiency) of -0.0865, which signifies that the company had a -0.0865% return per unit of standard deviation over the last 3 months. The Andhra Sugars exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Andhra Sugars' Risk Adjusted Performance of (0.07), coefficient of variation of (988.92), and Mean Deviation of 1.45 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0357, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Andhra Sugars are expected to decrease at a much lower rate. During the bear market, Andhra Sugars is likely to outperform the market. At this point, Andhra Sugars has a negative expected return of -0.18%. Please make sure to confirm Andhra Sugars' jensen alpha, as well as the relationship between the skewness and day median price , to decide if Andhra Sugars performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.82 |
Excellent reverse predictability
The Andhra Sugars has excellent reverse predictability. Overlapping area represents the amount of predictability between Andhra Sugars time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 Andhra Sugars price movement. The serial correlation of -0.82 indicates that around 82.0% of current Andhra Sugars price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.82 | |
| Spearman Rank Test | 0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 4.89 |
Andhra Sugars lagged returns against current returns
Autocorrelation, which is Andhra Sugars 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 Andhra Sugars' stock expected returns. We can calculate the autocorrelation of Andhra Sugars returns to help us make a trade decision. For example, suppose you find that Andhra Sugars 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 |
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Andhra Sugars 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 Andhra Sugars stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Andhra Sugars stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Andhra Sugars stock over time.
Current vs Lagged Prices |
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Andhra Sugars Lagged Returns
When evaluating Andhra Sugars' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Andhra Sugars stock have on its future price. Andhra Sugars 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, Andhra Sugars autocorrelation shows the relationship between Andhra Sugars stock current value and its past values and can show if there is a momentum factor associated with investing in The Andhra Sugars.
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 Andhra Stock Analysis
When running Andhra Sugars' price analysis, check to measure Andhra Sugars' 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 Andhra Sugars is operating at the current time. Most of Andhra Sugars' value examination focuses on studying past and present price action to predict the probability of Andhra Sugars' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Andhra Sugars' price. Additionally, you may evaluate how the addition of Andhra Sugars to your portfolios can decrease your overall portfolio volatility.