Deepak Fertilizers (India) Market Value
| DEEPAKFERT | 1,339 32.50 2.49% |
| Symbol | Deepak |
Deepak Fertilizers '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 Deepak Fertilizers' 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 Deepak Fertilizers.
| 06/01/2024 |
| 11/28/2024 |
If you would invest 0.00 in Deepak Fertilizers on June 1, 2024 and sell it all today you would earn a total of 0.00 from holding Deepak Fertilizers and or generate 0.0% return on investment in Deepak Fertilizers over 180 days. Deepak Fertilizers is related to or competes with Indraprastha Medical, Tata Chemicals, Foods Inns, Aarey Drugs, Par Drugs, and Agro Tech. Deepak Fertilizers is entity of India. It is traded as Stock on NSE exchange. More
Deepak Fertilizers 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 Deepak Fertilizers' 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 Deepak Fertilizers and upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.28 | |||
| Information Ratio | 0.0763 | |||
| Maximum Drawdown | 21.49 | |||
| Value At Risk | (3.70) | |||
| Potential Upside | 6.33 |
Deepak Fertilizers Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Deepak Fertilizers' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Deepak Fertilizers' standard deviation. In reality, there are many statistical measures that can use Deepak Fertilizers historical prices to predict the future Deepak Fertilizers' volatility.| Risk Adjusted Performance | 0.0946 | |||
| Jensen Alpha | 0.3579 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | 0.1132 | |||
| Treynor Ratio | 2.77 |
Deepak Fertilizers and Backtested Returns
Deepak Fertilizers appears to be very steady, given 3 months investment horizon. Deepak Fertilizers and secures Sharpe Ratio (or Efficiency) of 0.13, which denotes the company had a 0.13% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Deepak Fertilizers and, which you can use to evaluate the volatility of the firm. Please utilize Deepak Fertilizers' Mean Deviation of 2.33, semi deviation of 2.06, and Downside Deviation of 2.28 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Deepak Fertilizers holds a performance score of 10. The firm shows a Beta (market volatility) of 0.13, which means not very significant fluctuations relative to the market. As returns on the market increase, Deepak Fertilizers' returns are expected to increase less than the market. However, during the bear market, the loss of holding Deepak Fertilizers is expected to be smaller as well. Please check Deepak Fertilizers' treynor ratio, expected short fall, and the relationship between the jensen alpha and potential upside , to make a quick decision on whether Deepak Fertilizers' price patterns will revert.
Auto-correlation | 0.83 |
Very good predictability
Deepak Fertilizers and has very good predictability. Overlapping area represents the amount of predictability between Deepak Fertilizers time series from 1st of June 2024 to 30th of August 2024 and 30th of August 2024 to 28th 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 Deepak Fertilizers and price movement. The serial correlation of 0.83 indicates that around 83.0% of current Deepak Fertilizers price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.83 | |
| Spearman Rank Test | 0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 14.4 K |
Deepak Fertilizers and lagged returns against current returns
Autocorrelation, which is Deepak Fertilizers 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 Deepak Fertilizers' stock expected returns. We can calculate the autocorrelation of Deepak Fertilizers returns to help us make a trade decision. For example, suppose you find that Deepak Fertilizers 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 |
Deepak Fertilizers 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 Deepak Fertilizers stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Deepak Fertilizers stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Deepak Fertilizers stock over time.
Current vs Lagged Prices |
| Timeline |
Deepak Fertilizers Lagged Returns
When evaluating Deepak Fertilizers' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Deepak Fertilizers stock have on its future price. Deepak Fertilizers 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, Deepak Fertilizers autocorrelation shows the relationship between Deepak Fertilizers stock current value and its past values and can show if there is a momentum factor associated with investing in Deepak Fertilizers and.
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 Deepak Stock
Deepak Fertilizers financial ratios help investors to determine whether Deepak 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 Deepak with respect to the benefits of owning Deepak Fertilizers security.