Deepak Nitrite (India) Market Value
| DEEPAKNTR | 2,326 52.75 2.32% |
| Symbol | Deepak |
Deepak Nitrite '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 Nitrite'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 Deepak Nitrite.
| 01/02/2025 |
| 02/01/2025 |
If you would invest 0.00 in Deepak Nitrite on January 2, 2025 and sell it all today you would earn a total of 0.00 from holding Deepak Nitrite Limited or generate 0.0% return on investment in Deepak Nitrite over 30 days. Deepak Nitrite is related to or competes with Transport, Aarey Drugs, Alkali Metals, Total Transport, Sportking India, and V2 Retail. More
Deepak Nitrite 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 Nitrite'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 Deepak Nitrite Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 10.6 | |||
| Value At Risk | (3.34) | |||
| Potential Upside | 3.78 |
Deepak Nitrite Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Deepak Nitrite's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Deepak Nitrite's standard deviation. In reality, there are many statistical measures that can use Deepak Nitrite historical prices to predict the future Deepak Nitrite's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.37) | |||
| Treynor Ratio | 0.3052 |
Deepak Nitrite Backtested Returns
Deepak Nitrite secures Sharpe Ratio (or Efficiency) of -0.0869, which denotes the company had a -0.0869 % return per unit of standard deviation over the last 3 months. Deepak Nitrite Limited exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Deepak Nitrite's Coefficient Of Variation of (1,150), mean deviation of 1.56, and Standard Deviation of 2.11 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.63, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Deepak Nitrite are expected to decrease at a much lower rate. During the bear market, Deepak Nitrite is likely to outperform the market. At this point, Deepak Nitrite has a negative expected return of -0.18%. Please make sure to confirm Deepak Nitrite's potential upside, day median price, and the relationship between the treynor ratio and accumulation distribution , to decide if Deepak Nitrite performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.55 |
Modest predictability
Deepak Nitrite Limited has modest predictability. Overlapping area represents the amount of predictability between Deepak Nitrite time series from 2nd of January 2025 to 17th of January 2025 and 17th of January 2025 to 1st of February 2025. 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 Nitrite price movement. The serial correlation of 0.55 indicates that about 55.0% of current Deepak Nitrite price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.55 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 2933.95 |
Deepak Nitrite lagged returns against current returns
Autocorrelation, which is Deepak Nitrite 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 Nitrite's stock expected returns. We can calculate the autocorrelation of Deepak Nitrite returns to help us make a trade decision. For example, suppose you find that Deepak Nitrite 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 Nitrite 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 Nitrite stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Deepak Nitrite stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Deepak Nitrite stock over time.
Current vs Lagged Prices |
| Timeline |
Deepak Nitrite Lagged Returns
When evaluating Deepak Nitrite's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Deepak Nitrite stock have on its future price. Deepak Nitrite 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 Nitrite autocorrelation shows the relationship between Deepak Nitrite stock current value and its past values and can show if there is a momentum factor associated with investing in Deepak Nitrite 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 Deepak Stock
Deepak Nitrite 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 Nitrite security.