Godrej Agrovet (India) Market Value
| GODREJAGRO | 750.55 1.00 0.13% |
| Symbol | Godrej |
Godrej Agrovet '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 Godrej Agrovet'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 Godrej Agrovet.
| 09/02/2024 |
| 12/01/2024 |
If you would invest 0.00 in Godrej Agrovet on September 2, 2024 and sell it all today you would earn a total of 0.00 from holding Godrej Agrovet Limited or generate 0.0% return on investment in Godrej Agrovet over 90 days. Godrej Agrovet is related to or competes with Shivalik Bimetal, Megastar Foods, Madhav Copper, Hindustan Copper, LT Foods, Rajnandini Metal, and Hindustan Foods. Godrej Agrovet is entity of India. It is traded as Stock on NSE exchange. More
Godrej Agrovet 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 Godrej Agrovet'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 Godrej Agrovet Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 8.35 | |||
| Value At Risk | (2.93) | |||
| Potential Upside | 3.22 |
Godrej Agrovet Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Godrej Agrovet's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Godrej Agrovet's standard deviation. In reality, there are many statistical measures that can use Godrej Agrovet historical prices to predict the future Godrej Agrovet's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.36) | |||
| Treynor Ratio | (0.81) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Godrej Agrovet's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Godrej Agrovet Backtested Returns
Godrej Agrovet holds Efficiency (Sharpe) Ratio of -0.0638, which attests that the entity had a -0.0638% return per unit of risk over the last 3 months. Godrej Agrovet exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Godrej Agrovet's Risk Adjusted Performance of (0.02), standard deviation of 1.8, and Market Risk Adjusted Performance of (0.80) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.0749, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Godrej Agrovet's returns are expected to increase less than the market. However, during the bear market, the loss of holding Godrej Agrovet is expected to be smaller as well. At this point, Godrej Agrovet has a negative expected return of -0.11%. Please make sure to check out Godrej Agrovet's jensen alpha, accumulation distribution, relative strength index, as well as the relationship between the value at risk and day typical price , to decide if Godrej Agrovet performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.27 |
Poor predictability
Godrej Agrovet Limited has poor predictability. Overlapping area represents the amount of predictability between Godrej Agrovet time series from 2nd of September 2024 to 17th of October 2024 and 17th of October 2024 to 1st of December 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 Godrej Agrovet price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current Godrej Agrovet price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 307.36 |
Godrej Agrovet lagged returns against current returns
Autocorrelation, which is Godrej Agrovet 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 Godrej Agrovet's stock expected returns. We can calculate the autocorrelation of Godrej Agrovet returns to help us make a trade decision. For example, suppose you find that Godrej Agrovet 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 |
Godrej Agrovet 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 Godrej Agrovet stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Godrej Agrovet stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Godrej Agrovet stock over time.
Current vs Lagged Prices |
| Timeline |
Godrej Agrovet Lagged Returns
When evaluating Godrej Agrovet's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Godrej Agrovet stock have on its future price. Godrej Agrovet 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, Godrej Agrovet autocorrelation shows the relationship between Godrej Agrovet stock current value and its past values and can show if there is a momentum factor associated with investing in Godrej Agrovet 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 Godrej Stock
Godrej Agrovet financial ratios help investors to determine whether Godrej 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 Godrej with respect to the benefits of owning Godrej Agrovet security.