Gujarat Fluorochemicals (India) Market Value
| FLUOROCHEM | 3,810 20.65 0.54% |
| Symbol | Gujarat |
Gujarat Fluorochemicals '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 Gujarat Fluorochemicals' 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 Gujarat Fluorochemicals.
| 12/04/2022 |
| 11/23/2024 |
If you would invest 0.00 in Gujarat Fluorochemicals on December 4, 2022 and sell it all today you would earn a total of 0.00 from holding Gujarat Fluorochemicals Limited or generate 0.0% return on investment in Gujarat Fluorochemicals over 720 days. Gujarat Fluorochemicals is related to or competes with Kalyani Investment, Future Retail, Transport, Network18 Media, Tube Investments, Credo Brands, and Welspun Investments. Gujarat Fluorochemicals is entity of India More
Gujarat Fluorochemicals 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 Gujarat Fluorochemicals' 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 Gujarat Fluorochemicals Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.42 | |||
| Information Ratio | 0.0602 | |||
| Maximum Drawdown | 18.1 | |||
| Value At Risk | (3.19) | |||
| Potential Upside | 6.52 |
Gujarat Fluorochemicals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gujarat Fluorochemicals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gujarat Fluorochemicals' standard deviation. In reality, there are many statistical measures that can use Gujarat Fluorochemicals historical prices to predict the future Gujarat Fluorochemicals' volatility.| Risk Adjusted Performance | 0.0872 | |||
| Jensen Alpha | 0.2396 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | 0.0742 | |||
| Treynor Ratio | 0.6001 |
Gujarat Fluorochemicals Backtested Returns
Gujarat Fluorochemicals appears to be very steady, given 3 months investment horizon. Gujarat Fluorochemicals holds Efficiency (Sharpe) Ratio of 0.099, which attests that the entity had a 0.099% return per unit of risk over the last 3 months. We have found thirty technical indicators for Gujarat Fluorochemicals, which you can use to evaluate the volatility of the firm. Please utilize Gujarat Fluorochemicals' Downside Deviation of 2.42, market risk adjusted performance of 0.6101, and Risk Adjusted Performance of 0.0872 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Gujarat Fluorochemicals holds a performance score of 7. The company retains a Market Volatility (i.e., Beta) of 0.5, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Gujarat Fluorochemicals' returns are expected to increase less than the market. However, during the bear market, the loss of holding Gujarat Fluorochemicals is expected to be smaller as well. Please check Gujarat Fluorochemicals' treynor ratio, as well as the relationship between the expected short fall and day median price , to make a quick decision on whether Gujarat Fluorochemicals' current trending patterns will revert.
Auto-correlation | -0.35 |
Poor reverse predictability
Gujarat Fluorochemicals Limited has poor reverse predictability. Overlapping area represents the amount of predictability between Gujarat Fluorochemicals time series from 4th of December 2022 to 29th of November 2023 and 29th of November 2023 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 Gujarat Fluorochemicals price movement. The serial correlation of -0.35 indicates that nearly 35.0% of current Gujarat Fluorochemicals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.35 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 200.3 K |
Gujarat Fluorochemicals lagged returns against current returns
Autocorrelation, which is Gujarat Fluorochemicals 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 Gujarat Fluorochemicals' stock expected returns. We can calculate the autocorrelation of Gujarat Fluorochemicals returns to help us make a trade decision. For example, suppose you find that Gujarat Fluorochemicals 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 |
Gujarat Fluorochemicals 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 Gujarat Fluorochemicals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gujarat Fluorochemicals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gujarat Fluorochemicals stock over time.
Current vs Lagged Prices |
| Timeline |
Gujarat Fluorochemicals Lagged Returns
When evaluating Gujarat Fluorochemicals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gujarat Fluorochemicals stock have on its future price. Gujarat Fluorochemicals 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, Gujarat Fluorochemicals autocorrelation shows the relationship between Gujarat Fluorochemicals stock current value and its past values and can show if there is a momentum factor associated with investing in Gujarat Fluorochemicals 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 Gujarat Stock
Gujarat Fluorochemicals financial ratios help investors to determine whether Gujarat 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 Gujarat with respect to the benefits of owning Gujarat Fluorochemicals security.