Godrej Consumer (India) Market Value
| GODREJCP | 1,262 21.50 1.73% |
| Symbol | Godrej |
Godrej Consumer '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 Consumer'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 Consumer.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Godrej Consumer on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Godrej Consumer Products or generate 0.0% return on investment in Godrej Consumer over 30 days. Godrej Consumer is related to or competes with Speciality Restaurants, Industrial Investment, Alkali Metals, LLOYDS METALS, Embassy Office, Shivalik Bimetal, and Can Fin. Godrej Consumer is entity of India. It is traded as Stock on NSE exchange. More
Godrej Consumer 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 Consumer'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 Consumer Products upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 7.02 | |||
| Value At Risk | (2.41) | |||
| Potential Upside | 2.21 |
Godrej Consumer Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Godrej Consumer's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Godrej Consumer's standard deviation. In reality, there are many statistical measures that can use Godrej Consumer historical prices to predict the future Godrej Consumer's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (0.44) | |||
| Treynor Ratio | (0.62) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Godrej Consumer'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 Consumer Products Backtested Returns
Godrej Consumer Products holds Efficiency (Sharpe) Ratio of -0.17, which attests that the entity had a -0.17% return per unit of risk over the last 3 months. Godrej Consumer Products exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Godrej Consumer's Market Risk Adjusted Performance of (0.61), standard deviation of 1.41, and Risk Adjusted Performance of (0.11) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.35, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Godrej Consumer's returns are expected to increase less than the market. However, during the bear market, the loss of holding Godrej Consumer is expected to be smaller as well. At this point, Godrej Consumer Products has a negative expected return of -0.25%. Please make sure to check out Godrej Consumer's value at risk, and the relationship between the jensen alpha and accumulation distribution , to decide if Godrej Consumer Products performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.8 |
Almost perfect reverse predictability
Godrej Consumer Products has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Godrej Consumer time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Godrej Consumer Products price movement. The serial correlation of -0.8 indicates that around 80.0% of current Godrej Consumer price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.8 | |
| Spearman Rank Test | -0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 851.54 |
Godrej Consumer Products lagged returns against current returns
Autocorrelation, which is Godrej Consumer 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 Consumer's stock expected returns. We can calculate the autocorrelation of Godrej Consumer returns to help us make a trade decision. For example, suppose you find that Godrej Consumer 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 Consumer 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 Consumer stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Godrej Consumer stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Godrej Consumer stock over time.
Current vs Lagged Prices |
| Timeline |
Godrej Consumer Lagged Returns
When evaluating Godrej Consumer's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Godrej Consumer stock have on its future price. Godrej Consumer 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 Consumer autocorrelation shows the relationship between Godrej Consumer stock current value and its past values and can show if there is a momentum factor associated with investing in Godrej Consumer Products.
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 Consumer 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 Consumer security.