Godawari Power (India) Market Value
| GPIL Stock | 233.40 2.20 0.93% |
| Symbol | Godawari |
Godawari Power '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 Godawari Power'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 Godawari Power.
| 12/25/2022 |
| 12/14/2024 |
If you would invest 0.00 in Godawari Power on December 25, 2022 and sell it all today you would earn a total of 0.00 from holding Godawari Power And or generate 0.0% return on investment in Godawari Power over 720 days. Godawari Power is related to or competes with NMDC, Steel Authority, Embassy Office, Gujarat Narmada, Gujarat Alkalies, Indian Metals, and JTL Industries. Godawari Power is entity of India. It is traded as Stock on NSE exchange. More
Godawari Power 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 Godawari Power'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 Godawari Power And upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.09 | |||
| Information Ratio | 0.1196 | |||
| Maximum Drawdown | 13.86 | |||
| Value At Risk | (3.23) | |||
| Potential Upside | 5.22 |
Godawari Power Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Godawari Power's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Godawari Power's standard deviation. In reality, there are many statistical measures that can use Godawari Power historical prices to predict the future Godawari Power's volatility.| Risk Adjusted Performance | 0.1224 | |||
| Jensen Alpha | 0.3842 | |||
| Total Risk Alpha | 0.0782 | |||
| Sortino Ratio | 0.1452 | |||
| Treynor Ratio | 3.6 |
Godawari Power And Backtested Returns
Godawari Power appears to be very steady, given 3 months investment horizon. Godawari Power And holds Efficiency (Sharpe) Ratio of 0.14, which attests that the entity had a 0.14% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Godawari Power And, which you can use to evaluate the volatility of the firm. Please utilize Godawari Power's Downside Deviation of 2.09, market risk adjusted performance of 3.61, and Risk Adjusted Performance of 0.1224 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Godawari Power holds a performance score of 11. The company retains a Market Volatility (i.e., Beta) of 0.11, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Godawari Power's returns are expected to increase less than the market. However, during the bear market, the loss of holding Godawari Power is expected to be smaller as well. Please check Godawari Power's downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Godawari Power's current trending patterns will revert.
Auto-correlation | 0.62 |
Good predictability
Godawari Power And has good predictability. Overlapping area represents the amount of predictability between Godawari Power time series from 25th of December 2022 to 20th of December 2023 and 20th of December 2023 to 14th 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 Godawari Power And price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current Godawari Power price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | 0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 740.86 |
Godawari Power And lagged returns against current returns
Autocorrelation, which is Godawari Power 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 Godawari Power's stock expected returns. We can calculate the autocorrelation of Godawari Power returns to help us make a trade decision. For example, suppose you find that Godawari Power 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 |
Godawari Power 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 Godawari Power stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Godawari Power stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Godawari Power stock over time.
Current vs Lagged Prices |
| Timeline |
Godawari Power Lagged Returns
When evaluating Godawari Power's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Godawari Power stock have on its future price. Godawari Power 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, Godawari Power autocorrelation shows the relationship between Godawari Power stock current value and its past values and can show if there is a momentum factor associated with investing in Godawari Power And.
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.Additional Tools for Godawari Stock Analysis
When running Godawari Power's price analysis, check to measure Godawari Power'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 Godawari Power is operating at the current time. Most of Godawari Power's value examination focuses on studying past and present price action to predict the probability of Godawari Power's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Godawari Power's price. Additionally, you may evaluate how the addition of Godawari Power to your portfolios can decrease your overall portfolio volatility.