Gujarat Lease (India) Market Value
| GLFL Stock | 7.33 0.34 4.86% |
| Symbol | Gujarat |
Gujarat Lease '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 Lease'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 Gujarat Lease.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Gujarat Lease on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Gujarat Lease Financing or generate 0.0% return on investment in Gujarat Lease over 510 days. Gujarat Lease is related to or competes with Reliance Industries, State Bank, HDFC Bank, Oil Natural, Coal India, and Tata Consultancy. Gujarat Lease is entity of India. It is traded as Stock on NSE exchange. More
Gujarat Lease 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 Lease'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 Gujarat Lease Financing upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 7.26 | |||
| Value At Risk | (2.12) | |||
| Potential Upside | 4.68 |
Gujarat Lease Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gujarat Lease's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gujarat Lease's standard deviation. In reality, there are many statistical measures that can use Gujarat Lease historical prices to predict the future Gujarat Lease's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.32) | |||
| Total Risk Alpha | (0.58) | |||
| Treynor Ratio | (0.42) |
Gujarat Lease Financing Backtested Returns
Gujarat Lease Financing holds Efficiency (Sharpe) Ratio of -0.13, which attests that the entity had a -0.13% return per unit of risk over the last 3 months. Gujarat Lease Financing exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Gujarat Lease's Standard Deviation of 2.13, risk adjusted performance of (0.08), and Market Risk Adjusted Performance of (0.41) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.59, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Gujarat Lease's returns are expected to increase less than the market. However, during the bear market, the loss of holding Gujarat Lease is expected to be smaller as well. At this point, Gujarat Lease Financing has a negative expected return of -0.28%. Please make sure to check out Gujarat Lease's treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if Gujarat Lease Financing performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.5 |
Modest reverse predictability
Gujarat Lease Financing has modest reverse predictability. Overlapping area represents the amount of predictability between Gujarat Lease time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th 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 Lease Financing price movement. The serial correlation of -0.5 indicates that about 50.0% of current Gujarat Lease price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.5 | |
| Spearman Rank Test | -0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.91 |
Gujarat Lease Financing lagged returns against current returns
Autocorrelation, which is Gujarat Lease 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 Lease's stock expected returns. We can calculate the autocorrelation of Gujarat Lease returns to help us make a trade decision. For example, suppose you find that Gujarat Lease 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 Lease 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 Lease stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gujarat Lease stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gujarat Lease stock over time.
Current vs Lagged Prices |
| Timeline |
Gujarat Lease Lagged Returns
When evaluating Gujarat Lease's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gujarat Lease stock have on its future price. Gujarat Lease 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 Lease autocorrelation shows the relationship between Gujarat Lease stock current value and its past values and can show if there is a momentum factor associated with investing in Gujarat Lease Financing.
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 Gujarat Stock Analysis
When running Gujarat Lease's price analysis, check to measure Gujarat Lease'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 Gujarat Lease is operating at the current time. Most of Gujarat Lease's value examination focuses on studying past and present price action to predict the probability of Gujarat Lease's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gujarat Lease's price. Additionally, you may evaluate how the addition of Gujarat Lease to your portfolios can decrease your overall portfolio volatility.