Gallantt Ispat (India) Market Value
| GALLANTT | 346.85 16.25 4.92% |
| Symbol | Gallantt |
Gallantt Ispat '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 Gallantt Ispat'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 Gallantt Ispat.
| 06/09/2023 |
| 11/30/2024 |
If you would invest 0.00 in Gallantt Ispat on June 9, 2023 and sell it all today you would earn a total of 0.00 from holding Gallantt Ispat Limited or generate 0.0% return on investment in Gallantt Ispat over 540 days. Gallantt Ispat is related to or competes with NMDC, Steel Authority, Embassy Office, Gujarat Narmada, Gujarat Alkalies, Indian Metals, and JTL Industries. Gallantt Ispat is entity of India. It is traded as Stock on NSE exchange. More
Gallantt Ispat 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 Gallantt Ispat'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 Gallantt Ispat Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 6.82 | |||
| Value At Risk | (3.32) | |||
| Potential Upside | 2.84 |
Gallantt Ispat Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gallantt Ispat's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gallantt Ispat's standard deviation. In reality, there are many statistical measures that can use Gallantt Ispat historical prices to predict the future Gallantt Ispat's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.42) | |||
| Treynor Ratio | (0.27) |
Gallantt Ispat Backtested Returns
Gallantt Ispat holds Efficiency (Sharpe) Ratio of -0.0812, which attests that the entity had a -0.0812% return per unit of risk over the last 3 months. Gallantt Ispat exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Gallantt Ispat's Risk Adjusted Performance of (0.02), market risk adjusted performance of (0.26), and Standard Deviation of 1.98 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.33, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Gallantt Ispat's returns are expected to increase less than the market. However, during the bear market, the loss of holding Gallantt Ispat is expected to be smaller as well. At this point, Gallantt Ispat has a negative expected return of -0.16%. Please make sure to check out Gallantt Ispat's treynor ratio, accumulation distribution, price action indicator, as well as the relationship between the potential upside and day median price , to decide if Gallantt Ispat performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.47 |
Average predictability
Gallantt Ispat Limited has average predictability. Overlapping area represents the amount of predictability between Gallantt Ispat time series from 9th of June 2023 to 5th of March 2024 and 5th of March 2024 to 30th 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 Gallantt Ispat price movement. The serial correlation of 0.47 indicates that about 47.0% of current Gallantt Ispat price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 3203.68 |
Gallantt Ispat lagged returns against current returns
Autocorrelation, which is Gallantt Ispat 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 Gallantt Ispat's stock expected returns. We can calculate the autocorrelation of Gallantt Ispat returns to help us make a trade decision. For example, suppose you find that Gallantt Ispat 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 |
Gallantt Ispat 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 Gallantt Ispat stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gallantt Ispat stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gallantt Ispat stock over time.
Current vs Lagged Prices |
| Timeline |
Gallantt Ispat Lagged Returns
When evaluating Gallantt Ispat's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gallantt Ispat stock have on its future price. Gallantt Ispat 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, Gallantt Ispat autocorrelation shows the relationship between Gallantt Ispat stock current value and its past values and can show if there is a momentum factor associated with investing in Gallantt Ispat 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 Gallantt Stock Analysis
When running Gallantt Ispat's price analysis, check to measure Gallantt Ispat'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 Gallantt Ispat is operating at the current time. Most of Gallantt Ispat's value examination focuses on studying past and present price action to predict the probability of Gallantt Ispat's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gallantt Ispat's price. Additionally, you may evaluate how the addition of Gallantt Ispat to your portfolios can decrease your overall portfolio volatility.