Best Agrolife (India) Market Value
| BESTAGRO | 518.35 11.70 2.31% |
| Symbol | Best |
Best Agrolife '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 Best Agrolife'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 Best Agrolife.
| 08/05/2024 |
| 02/01/2025 |
If you would invest 0.00 in Best Agrolife on August 5, 2024 and sell it all today you would earn a total of 0.00 from holding Best Agrolife Limited or generate 0.0% return on investment in Best Agrolife over 180 days. Best Agrolife is related to or competes with Sintex Plastics, Southern Petrochemicals, Chambal Fertilizers, Dharani SugarsChemicals, Shree Pushkar, Mangalore Chemicals, and Zuari Agro. Best Agrolife is entity of India. It is traded as Stock on NSE exchange. More
Best Agrolife 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 Best Agrolife'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 Best Agrolife Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.01 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 17.39 | |||
| Value At Risk | (4.80) | |||
| Potential Upside | 5.18 |
Best Agrolife Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Best Agrolife's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Best Agrolife's standard deviation. In reality, there are many statistical measures that can use Best Agrolife historical prices to predict the future Best Agrolife's volatility.| Risk Adjusted Performance | 0.0231 | |||
| Jensen Alpha | 0.0644 | |||
| Total Risk Alpha | (0.28) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.25) |
Best Agrolife Limited Backtested Returns
Best Agrolife Limited secures Sharpe Ratio (or Efficiency) of close to zero, which signifies that the company had a close to zero % return per unit of risk over the last 3 months. Best Agrolife Limited exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Best Agrolife's Mean Deviation of 2.11, risk adjusted performance of 0.0231, and Downside Deviation of 3.01 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.19, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Best Agrolife are expected to decrease at a much lower rate. During the bear market, Best Agrolife is likely to outperform the market. At this point, Best Agrolife Limited has a negative expected return of -0.0192%. Please make sure to confirm Best Agrolife's treynor ratio, kurtosis, period momentum indicator, as well as the relationship between the downside variance and day median price , to decide if Best Agrolife Limited performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.48 |
Average predictability
Best Agrolife Limited has average predictability. Overlapping area represents the amount of predictability between Best Agrolife time series from 5th of August 2024 to 3rd of November 2024 and 3rd of November 2024 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 Best Agrolife Limited price movement. The serial correlation of 0.48 indicates that about 48.0% of current Best Agrolife price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.48 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 1532.18 |
Best Agrolife Limited lagged returns against current returns
Autocorrelation, which is Best Agrolife 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 Best Agrolife's stock expected returns. We can calculate the autocorrelation of Best Agrolife returns to help us make a trade decision. For example, suppose you find that Best Agrolife 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 |
Best Agrolife 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 Best Agrolife stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Best Agrolife stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Best Agrolife stock over time.
Current vs Lagged Prices |
| Timeline |
Best Agrolife Lagged Returns
When evaluating Best Agrolife's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Best Agrolife stock have on its future price. Best Agrolife 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, Best Agrolife autocorrelation shows the relationship between Best Agrolife stock current value and its past values and can show if there is a momentum factor associated with investing in Best Agrolife 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 Best Stock Analysis
When running Best Agrolife's price analysis, check to measure Best Agrolife'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 Best Agrolife is operating at the current time. Most of Best Agrolife's value examination focuses on studying past and present price action to predict the probability of Best Agrolife's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Best Agrolife's price. Additionally, you may evaluate how the addition of Best Agrolife to your portfolios can decrease your overall portfolio volatility.