Bharat Forge (India) Market Value
| BHARATFORG | 1,332 3.05 0.23% |
| Symbol | Bharat |
Bharat Forge '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 Bharat Forge'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 Bharat Forge.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Bharat Forge on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Bharat Forge Limited or generate 0.0% return on investment in Bharat Forge over 540 days. Bharat Forge is related to or competes with Shivalik Bimetal, LLOYDS METALS, Reliance Industrial, Ratnamani Metals, Industrial Investment, Rajnandini Metal, and Ankit Metal. Bharat Forge is entity of India. It is traded as Stock on NSE exchange. More
Bharat Forge 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 Bharat Forge'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 Bharat Forge Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.28) | |||
| Maximum Drawdown | 6.18 | |||
| Value At Risk | (2.68) | |||
| Potential Upside | 2.46 |
Bharat Forge Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bharat Forge's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bharat Forge's standard deviation. In reality, there are many statistical measures that can use Bharat Forge historical prices to predict the future Bharat Forge's volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (0.34) | |||
| Total Risk Alpha | (0.54) | |||
| Treynor Ratio | (1.54) |
Bharat Forge Limited Backtested Returns
Bharat Forge Limited secures Sharpe Ratio (or Efficiency) of -0.16, which signifies that the company had a -0.16% return per unit of standard deviation over the last 3 months. Bharat Forge Limited exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bharat Forge's mean deviation of 1.19, and Risk Adjusted Performance of (0.15) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.2, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Bharat Forge's returns are expected to increase less than the market. However, during the bear market, the loss of holding Bharat Forge is expected to be smaller as well. At this point, Bharat Forge Limited has a negative expected return of -0.25%. Please make sure to confirm Bharat Forge's maximum drawdown, rate of daily change, and the relationship between the jensen alpha and kurtosis , to decide if Bharat Forge Limited performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.62 |
Good predictability
Bharat Forge Limited has good predictability. Overlapping area represents the amount of predictability between Bharat Forge time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 Bharat Forge Limited price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current Bharat Forge price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | 0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 33.8 K |
Bharat Forge Limited lagged returns against current returns
Autocorrelation, which is Bharat Forge 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 Bharat Forge's stock expected returns. We can calculate the autocorrelation of Bharat Forge returns to help us make a trade decision. For example, suppose you find that Bharat Forge 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 |
Bharat Forge 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 Bharat Forge stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bharat Forge stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bharat Forge stock over time.
Current vs Lagged Prices |
| Timeline |
Bharat Forge Lagged Returns
When evaluating Bharat Forge's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bharat Forge stock have on its future price. Bharat Forge 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, Bharat Forge autocorrelation shows the relationship between Bharat Forge stock current value and its past values and can show if there is a momentum factor associated with investing in Bharat Forge 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 Bharat Stock
Bharat Forge financial ratios help investors to determine whether Bharat 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 Bharat with respect to the benefits of owning Bharat Forge security.