Generic Engineering's market value is the price at which a share of Generic Engineering trades on a public exchange. It measures the collective expectations of Generic Engineering Construction investors about its performance. Generic Engineering is trading at 40.04 as of the 19th of January 2025, a 1.75 percent increase since the beginning of the trading day. The stock's open price was 39.35. With this module, you can estimate the performance of a buy and hold strategy of Generic Engineering Construction and determine expected loss or profit from investing in Generic Engineering over a given investment horizon. Check out Generic Engineering Correlation, Generic Engineering Volatility and Generic Engineering Alpha and Beta module to complement your research on Generic Engineering.
Please note, there is a significant difference between Generic Engineering's value and its price as these two are different measures arrived at by different means. Investors typically determine if Generic Engineering is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Generic Engineering's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Generic Engineering '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 Generic Engineering'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 Generic Engineering.
0.00
12/20/2024
No Change 0.00
0.0
In 30 days
01/19/2025
0.00
If you would invest 0.00 in Generic Engineering on December 20, 2024 and sell it all today you would earn a total of 0.00 from holding Generic Engineering Construction or generate 0.0% return on investment in Generic Engineering over 30 days. Generic Engineering is related to or competes with Sri Havisha, Welspun Investments, Jindal Poly, Network18 Media, Aster DM, General Insurance, and Bajaj Holdings. Generic Engineering is entity of India. It is traded as Stock on NSE exchange. More
Generic Engineering 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 Generic Engineering'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 Generic Engineering Construction upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Generic Engineering's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Generic Engineering's standard deviation. In reality, there are many statistical measures that can use Generic Engineering historical prices to predict the future Generic Engineering's volatility.
At this point, Generic Engineering is very steady. Generic Engineering holds Efficiency (Sharpe) Ratio of 0.0053, which attests that the entity had a 0.0053% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Generic Engineering, which you can use to evaluate the volatility of the firm. Please check out Generic Engineering's Risk Adjusted Performance of (0.01), standard deviation of 3.31, and Market Risk Adjusted Performance of (0.36) to validate if the risk estimate we provide is consistent with the expected return of 0.0177%. The company retains a Market Volatility (i.e., Beta) of 0.2, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Generic Engineering's returns are expected to increase less than the market. However, during the bear market, the loss of holding Generic Engineering is expected to be smaller as well. Generic Engineering right now retains a risk of 3.34%. Please check out Generic Engineering value at risk, as well as the relationship between the accumulation distribution and day typical price , to decide if Generic Engineering will be following its current trending patterns.
Auto-correlation
0.50
Modest predictability
Generic Engineering Construction has modest predictability. Overlapping area represents the amount of predictability between Generic Engineering time series from 20th of December 2024 to 4th of January 2025 and 4th of January 2025 to 19th of January 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 Generic Engineering price movement. The serial correlation of 0.5 indicates that about 50.0% of current Generic Engineering price fluctuation can be explain by its past prices.
Correlation Coefficient
0.5
Spearman Rank Test
0.14
Residual Average
0.0
Price Variance
1.3
Generic Engineering lagged returns against current returns
Autocorrelation, which is Generic Engineering 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 Generic Engineering's stock expected returns. We can calculate the autocorrelation of Generic Engineering returns to help us make a trade decision. For example, suppose you find that Generic Engineering 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
Generic Engineering 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 Generic Engineering stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Generic Engineering stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Generic Engineering stock over time.
Current vs Lagged Prices
Timeline
Generic Engineering Lagged Returns
When evaluating Generic Engineering's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Generic Engineering stock have on its future price. Generic Engineering 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, Generic Engineering autocorrelation shows the relationship between Generic Engineering stock current value and its past values and can show if there is a momentum factor associated with investing in Generic Engineering Construction.
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.
Generic Engineering financial ratios help investors to determine whether Generic 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 Generic with respect to the benefits of owning Generic Engineering security.