Aries Agro (India) Market Value
| ARIES Stock | 330.15 11.40 3.58% |
| Symbol | Aries |
Aries Agro '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 Aries Agro'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 Aries Agro.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Aries Agro on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Aries Agro Limited or generate 0.0% return on investment in Aries Agro over 30 days. Aries Agro is related to or competes with Jindal Steel, Vibhor Steel, Vraj Iron, Rama Steel, Steelcast, FCS Software, and Zenith Steel. Aries Agro is entity of India. It is traded as Stock on NSE exchange. More
Aries Agro 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 Aries Agro'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 Aries Agro Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.71 | |||
| Information Ratio | 0.0093 | |||
| Maximum Drawdown | 14.84 | |||
| Value At Risk | (3.97) | |||
| Potential Upside | 4.76 |
Aries Agro Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aries Agro's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aries Agro's standard deviation. In reality, there are many statistical measures that can use Aries Agro historical prices to predict the future Aries Agro's volatility.| Risk Adjusted Performance | 0.0432 | |||
| Jensen Alpha | 0.0835 | |||
| Total Risk Alpha | (0.36) | |||
| Sortino Ratio | 0.0116 | |||
| Treynor Ratio | 0.2677 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Aries Agro'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.
Aries Agro Limited Backtested Returns
Aries Agro appears to be very steady, given 3 months investment horizon. Aries Agro Limited secures Sharpe Ratio (or Efficiency) of 0.07, which signifies that the company had a 0.07% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Aries Agro Limited, which you can use to evaluate the volatility of the firm. Please makes use of Aries Agro's Mean Deviation of 2.3, downside deviation of 2.71, and Risk Adjusted Performance of 0.0432 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Aries Agro holds a performance score of 5. The firm shows a Beta (market volatility) of 0.55, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Aries Agro's returns are expected to increase less than the market. However, during the bear market, the loss of holding Aries Agro is expected to be smaller as well. Please check Aries Agro's potential upside, and the relationship between the total risk alpha and kurtosis , to make a quick decision on whether Aries Agro's price patterns will revert.
Auto-correlation | 0.59 |
Modest predictability
Aries Agro Limited has modest predictability. Overlapping area represents the amount of predictability between Aries Agro 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 Aries Agro Limited price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current Aries Agro price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 368.28 |
Aries Agro Limited lagged returns against current returns
Autocorrelation, which is Aries Agro 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 Aries Agro's stock expected returns. We can calculate the autocorrelation of Aries Agro returns to help us make a trade decision. For example, suppose you find that Aries Agro 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 |
Aries Agro 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 Aries Agro stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aries Agro stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aries Agro stock over time.
Current vs Lagged Prices |
| Timeline |
Aries Agro Lagged Returns
When evaluating Aries Agro's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aries Agro stock have on its future price. Aries Agro 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, Aries Agro autocorrelation shows the relationship between Aries Agro stock current value and its past values and can show if there is a momentum factor associated with investing in Aries Agro 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 Aries Stock
Aries Agro financial ratios help investors to determine whether Aries 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 Aries with respect to the benefits of owning Aries Agro security.