CCL Products (India) Market Value
| CCL Stock | 747.65 7.10 0.96% |
| Symbol | CCL |
CCL Products '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 CCL Products' 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 CCL Products.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in CCL Products on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding CCL Products Limited or generate 0.0% return on investment in CCL Products over 30 days. CCL Products is related to or competes with Reliance Industries, State Bank, HDFC Bank, Oil Natural, Coal India, and Tata Consultancy. CCL Products is entity of India. It is traded as Stock on NSE exchange. More
CCL Products 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 CCL Products' 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 CCL Products Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.87 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 21.15 | |||
| Value At Risk | (2.79) | |||
| Potential Upside | 4.19 |
CCL Products Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CCL Products' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CCL Products' standard deviation. In reality, there are many statistical measures that can use CCL Products historical prices to predict the future CCL Products' volatility.| Risk Adjusted Performance | 0.0358 | |||
| Jensen Alpha | 0.1527 | |||
| Total Risk Alpha | (0.35) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.20) |
CCL Products Limited Backtested Returns
At this point, CCL Products is very steady. CCL Products Limited secures Sharpe Ratio (or Efficiency) of 0.0384, which signifies that the company had a 0.0384% return per unit of return volatility over the last 3 months. We have found thirty technical indicators for CCL Products Limited, which you can use to evaluate the volatility of the entity. Please confirm CCL Products' Mean Deviation of 1.82, coefficient of variation of 2690.29, and Downside Deviation of 1.87 to double-check if the risk estimate we provide is consistent with the expected return of 0.11%. CCL Products has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.48, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning CCL Products are expected to decrease at a much lower rate. During the bear market, CCL Products is likely to outperform the market. CCL Products Limited at this time shows a risk of 2.91%. Please confirm CCL Products Limited standard deviation, treynor ratio, downside variance, as well as the relationship between the total risk alpha and value at risk , to decide if CCL Products Limited will be following its price patterns.
Auto-correlation | 0.50 |
Modest predictability
CCL Products Limited has modest predictability. Overlapping area represents the amount of predictability between CCL Products 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 CCL Products Limited price movement. The serial correlation of 0.5 indicates that about 50.0% of current CCL Products price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 348.77 |
CCL Products Limited lagged returns against current returns
Autocorrelation, which is CCL Products 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 CCL Products' stock expected returns. We can calculate the autocorrelation of CCL Products returns to help us make a trade decision. For example, suppose you find that CCL Products 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 |
CCL Products 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 CCL Products stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CCL Products stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CCL Products stock over time.
Current vs Lagged Prices |
| Timeline |
CCL Products Lagged Returns
When evaluating CCL Products' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CCL Products stock have on its future price. CCL Products 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, CCL Products autocorrelation shows the relationship between CCL Products stock current value and its past values and can show if there is a momentum factor associated with investing in CCL Products 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 CCL Stock
CCL Products financial ratios help investors to determine whether CCL 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 CCL with respect to the benefits of owning CCL Products security.