Chemcon Speciality (India) Market Value
| CHEMCON Stock | 228.78 0.74 0.32% |
| Symbol | Chemcon |
Chemcon Speciality '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 Chemcon Speciality'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 Chemcon Speciality.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Chemcon Speciality on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Chemcon Speciality Chemicals or generate 0.0% return on investment in Chemcon Speciality over 30 days. Chemcon Speciality is related to or competes with NMDC, Steel Authority, Embassy Office, Gujarat Alkalies, Indian Metals, and JTL Industries. Chemcon Speciality is entity of India. It is traded as Stock on NSE exchange. More
Chemcon Speciality 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 Chemcon Speciality'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 Chemcon Speciality Chemicals upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 10.08 | |||
| Value At Risk | (3.49) | |||
| Potential Upside | 2.76 |
Chemcon Speciality Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chemcon Speciality's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chemcon Speciality's standard deviation. In reality, there are many statistical measures that can use Chemcon Speciality historical prices to predict the future Chemcon Speciality's volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (0.53) | |||
| Treynor Ratio | (21.39) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Chemcon Speciality's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Chemcon Speciality Backtested Returns
Chemcon Speciality secures Sharpe Ratio (or Efficiency) of -0.15, which signifies that the company had a -0.15% return per unit of standard deviation over the last 3 months. Chemcon Speciality Chemicals exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Chemcon Speciality's mean deviation of 1.31, and Risk Adjusted Performance of (0.1) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0117, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Chemcon Speciality's returns are expected to increase less than the market. However, during the bear market, the loss of holding Chemcon Speciality is expected to be smaller as well. At this point, Chemcon Speciality has a negative expected return of -0.27%. Please make sure to confirm Chemcon Speciality's potential upside, day median price, and the relationship between the treynor ratio and accumulation distribution , to decide if Chemcon Speciality performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.69 |
Very good reverse predictability
Chemcon Speciality Chemicals has very good reverse predictability. Overlapping area represents the amount of predictability between Chemcon Speciality time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Chemcon Speciality price movement. The serial correlation of -0.69 indicates that around 69.0% of current Chemcon Speciality price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.69 | |
| Spearman Rank Test | -0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 36.12 |
Chemcon Speciality lagged returns against current returns
Autocorrelation, which is Chemcon Speciality 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 Chemcon Speciality's stock expected returns. We can calculate the autocorrelation of Chemcon Speciality returns to help us make a trade decision. For example, suppose you find that Chemcon Speciality 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 |
Chemcon Speciality 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 Chemcon Speciality stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chemcon Speciality stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chemcon Speciality stock over time.
Current vs Lagged Prices |
| Timeline |
Chemcon Speciality Lagged Returns
When evaluating Chemcon Speciality's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chemcon Speciality stock have on its future price. Chemcon Speciality 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, Chemcon Speciality autocorrelation shows the relationship between Chemcon Speciality stock current value and its past values and can show if there is a momentum factor associated with investing in Chemcon Speciality Chemicals.
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 Chemcon Stock
Chemcon Speciality financial ratios help investors to determine whether Chemcon 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 Chemcon with respect to the benefits of owning Chemcon Speciality security.