Atul (India) Market Value
| ATUL Stock | 6,286 44.70 0.71% |
| Symbol | Atul |
Atul '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 Atul'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 Atul.
| 01/02/2025 |
| 02/01/2025 |
If you would invest 0.00 in Atul on January 2, 2025 and sell it all today you would earn a total of 0.00 from holding Atul Limited or generate 0.0% return on investment in Atul over 30 days. Atul is related to or competes with Jindal Steel, Manaksia Steels, Yatra Online, Data Patterns, JSW Steel, Visa Steel, and NMDC Steel. More
Atul 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 Atul'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 Atul Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.25) | |||
| Maximum Drawdown | 8.08 | |||
| Value At Risk | (3.02) | |||
| Potential Upside | 1.76 |
Atul Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Atul's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Atul's standard deviation. In reality, there are many statistical measures that can use Atul historical prices to predict the future Atul's volatility.| Risk Adjusted Performance | (0.16) | |||
| Jensen Alpha | (0.31) | |||
| Total Risk Alpha | (0.47) | |||
| Treynor Ratio | 0.976 |
Atul Limited Backtested Returns
Atul Limited secures Sharpe Ratio (or Efficiency) of -0.2, which signifies that the company had a -0.2 % return per unit of risk over the last 3 months. Atul Limited exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Atul's Standard Deviation of 1.64, mean deviation of 1.24, and Risk Adjusted Performance of (0.16) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.34, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Atul are expected to decrease at a much lower rate. During the bear market, Atul is likely to outperform the market. At this point, Atul Limited has a negative expected return of -0.33%. Please make sure to confirm Atul's maximum drawdown, potential upside, kurtosis, as well as the relationship between the value at risk and skewness , to decide if Atul Limited performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.81 |
Very good predictability
Atul Limited has very good predictability. Overlapping area represents the amount of predictability between Atul time series from 2nd of January 2025 to 17th of January 2025 and 17th of January 2025 to 1st of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Atul Limited price movement. The serial correlation of 0.81 indicates that around 81.0% of current Atul price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 46.6 K |
Atul Limited lagged returns against current returns
Autocorrelation, which is Atul 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 Atul's stock expected returns. We can calculate the autocorrelation of Atul returns to help us make a trade decision. For example, suppose you find that Atul 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 |
Atul 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 Atul stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Atul stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Atul stock over time.
Current vs Lagged Prices |
| Timeline |
Atul Lagged Returns
When evaluating Atul's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Atul stock have on its future price. Atul 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, Atul autocorrelation shows the relationship between Atul stock current value and its past values and can show if there is a momentum factor associated with investing in Atul Limited.
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 Atul Stock Analysis
When running Atul's price analysis, check to measure Atul's 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 Atul is operating at the current time. Most of Atul's value examination focuses on studying past and present price action to predict the probability of Atul's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Atul's price. Additionally, you may evaluate how the addition of Atul to your portfolios can decrease your overall portfolio volatility.