Grasim Industries (India) Market Value
| GRASIM Stock | 2,714 20.45 0.76% |
| Symbol | Grasim |
Grasim Industries '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 Grasim Industries' 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 Grasim Industries.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Grasim Industries on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Grasim Industries Limited or generate 0.0% return on investment in Grasim Industries over 30 days. Grasim Industries is related to or competes with Total Transport, Sonata Software, EMBASSY OFFICE, Transport, Praxis Home, and Tree House. Grasim Industries is entity of India. It is traded as Stock on NSE exchange. More
Grasim Industries 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 Grasim Industries' 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 Grasim Industries Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.5 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 7.16 | |||
| Value At Risk | (2.22) | |||
| Potential Upside | 2.52 |
Grasim Industries Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Grasim Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Grasim Industries' standard deviation. In reality, there are many statistical measures that can use Grasim Industries historical prices to predict the future Grasim Industries' volatility.| Risk Adjusted Performance | 0.0146 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.0318 |
Grasim Industries Backtested Returns
Grasim Industries holds Efficiency (Sharpe) Ratio of -0.0038, which attests that the entity had a -0.0038% return per unit of standard deviation over the last 3 months. Grasim Industries exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Grasim Industries' market risk adjusted performance of 0.0418, and Risk Adjusted Performance of 0.0146 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.28, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Grasim Industries' returns are expected to increase less than the market. However, during the bear market, the loss of holding Grasim Industries is expected to be smaller as well. At this point, Grasim Industries has a negative expected return of -0.0056%. Please make sure to check out Grasim Industries' value at risk, daily balance of power, and the relationship between the total risk alpha and expected short fall , to decide if Grasim Industries performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.75 |
Almost perfect reverse predictability
Grasim Industries Limited has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Grasim Industries time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Grasim Industries price movement. The serial correlation of -0.75 indicates that around 75.0% of current Grasim Industries price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.75 | |
| Spearman Rank Test | -0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 4131.07 |
Grasim Industries lagged returns against current returns
Autocorrelation, which is Grasim Industries 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 Grasim Industries' stock expected returns. We can calculate the autocorrelation of Grasim Industries returns to help us make a trade decision. For example, suppose you find that Grasim Industries 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 |
Grasim Industries 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 Grasim Industries stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Grasim Industries stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Grasim Industries stock over time.
Current vs Lagged Prices |
| Timeline |
Grasim Industries Lagged Returns
When evaluating Grasim Industries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Grasim Industries stock have on its future price. Grasim Industries 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, Grasim Industries autocorrelation shows the relationship between Grasim Industries stock current value and its past values and can show if there is a momentum factor associated with investing in Grasim Industries 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 Grasim Stock
Grasim Industries financial ratios help investors to determine whether Grasim 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 Grasim with respect to the benefits of owning Grasim Industries security.