Cera Sanitaryware (India) Market Value
| CERA Stock | 7,413 83.85 1.14% |
| Symbol | Cera |
Cera Sanitaryware '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 Cera Sanitaryware'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 Cera Sanitaryware.
| 06/10/2023 |
| 12/01/2024 |
If you would invest 0.00 in Cera Sanitaryware on June 10, 2023 and sell it all today you would earn a total of 0.00 from holding Cera Sanitaryware Limited or generate 0.0% return on investment in Cera Sanitaryware over 540 days. Cera Sanitaryware is related to or competes with 21st Century, Juniper Hotels, Apollo Sindoori, Taj GVK, Radiant Cash, and Oriental Hotels. Cera Sanitaryware is entity of India. It is traded as Stock on NSE exchange. More
Cera Sanitaryware 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 Cera Sanitaryware'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 Cera Sanitaryware Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.29) | |||
| Maximum Drawdown | 7.53 | |||
| Value At Risk | (3.07) | |||
| Potential Upside | 2.89 |
Cera Sanitaryware Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cera Sanitaryware's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cera Sanitaryware's standard deviation. In reality, there are many statistical measures that can use Cera Sanitaryware historical prices to predict the future Cera Sanitaryware's volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (0.37) | |||
| Total Risk Alpha | (0.68) | |||
| Treynor Ratio | 3.21 |
Cera Sanitaryware Backtested Returns
Cera Sanitaryware secures Sharpe Ratio (or Efficiency) of -0.19, which signifies that the company had a -0.19% return per unit of risk over the last 3 months. Cera Sanitaryware Limited exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cera Sanitaryware's Standard Deviation of 1.78, risk adjusted performance of (0.15), and Mean Deviation of 1.36 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.12, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Cera Sanitaryware are expected to decrease at a much lower rate. During the bear market, Cera Sanitaryware is likely to outperform the market. At this point, Cera Sanitaryware has a negative expected return of -0.34%. Please make sure to confirm Cera Sanitaryware's treynor ratio, value at risk, skewness, as well as the relationship between the maximum drawdown and potential upside , to decide if Cera Sanitaryware performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.42 |
Average predictability
Cera Sanitaryware Limited has average predictability. Overlapping area represents the amount of predictability between Cera Sanitaryware time series from 10th of June 2023 to 6th of March 2024 and 6th of March 2024 to 1st of December 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 Cera Sanitaryware price movement. The serial correlation of 0.42 indicates that just about 42.0% of current Cera Sanitaryware price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 1 M |
Cera Sanitaryware lagged returns against current returns
Autocorrelation, which is Cera Sanitaryware 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 Cera Sanitaryware's stock expected returns. We can calculate the autocorrelation of Cera Sanitaryware returns to help us make a trade decision. For example, suppose you find that Cera Sanitaryware 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 |
Cera Sanitaryware 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 Cera Sanitaryware stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cera Sanitaryware stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cera Sanitaryware stock over time.
Current vs Lagged Prices |
| Timeline |
Cera Sanitaryware Lagged Returns
When evaluating Cera Sanitaryware's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cera Sanitaryware stock have on its future price. Cera Sanitaryware 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, Cera Sanitaryware autocorrelation shows the relationship between Cera Sanitaryware stock current value and its past values and can show if there is a momentum factor associated with investing in Cera Sanitaryware 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 Cera Stock Analysis
When running Cera Sanitaryware's price analysis, check to measure Cera Sanitaryware'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 Cera Sanitaryware is operating at the current time. Most of Cera Sanitaryware's value examination focuses on studying past and present price action to predict the probability of Cera Sanitaryware's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cera Sanitaryware's price. Additionally, you may evaluate how the addition of Cera Sanitaryware to your portfolios can decrease your overall portfolio volatility.