Grindwell Norton (India) Market Value
| GRINDWELL | 2,065 33.60 1.65% |
| Symbol | Grindwell |
Grindwell Norton '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 Grindwell Norton'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 Grindwell Norton.
| 12/01/2023 |
| 11/25/2024 |
If you would invest 0.00 in Grindwell Norton on December 1, 2023 and sell it all today you would earn a total of 0.00 from holding Grindwell Norton Limited or generate 0.0% return on investment in Grindwell Norton over 360 days. Grindwell Norton is related to or competes with State Bank, Life Insurance, HDFC Bank, ICICI Bank, and Reliance Industries. Grindwell Norton is entity of India. It is traded as Stock on NSE exchange. More
Grindwell Norton 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 Grindwell Norton'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 Grindwell Norton Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 7.84 | |||
| Value At Risk | (3.20) | |||
| Potential Upside | 2.1 |
Grindwell Norton Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Grindwell Norton's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Grindwell Norton's standard deviation. In reality, there are many statistical measures that can use Grindwell Norton historical prices to predict the future Grindwell Norton's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.28) | |||
| Total Risk Alpha | (0.52) | |||
| Treynor Ratio | (1.81) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Grindwell Norton'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.
Grindwell Norton Backtested Returns
Grindwell Norton 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. Grindwell Norton exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Grindwell Norton's Standard Deviation of 1.65, market risk adjusted performance of (1.80), and Risk Adjusted Performance of (0.11) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.15, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Grindwell Norton's returns are expected to increase less than the market. However, during the bear market, the loss of holding Grindwell Norton is expected to be smaller as well. At this point, Grindwell Norton has a negative expected return of -0.24%. Please make sure to check out Grindwell Norton's skewness, and the relationship between the treynor ratio and rate of daily change , to decide if Grindwell Norton performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.13 |
Insignificant predictability
Grindwell Norton Limited has insignificant predictability. Overlapping area represents the amount of predictability between Grindwell Norton time series from 1st of December 2023 to 29th of May 2024 and 29th of May 2024 to 25th 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 Grindwell Norton price movement. The serial correlation of 0.13 indicates that less than 13.0% of current Grindwell Norton price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 36.4 K |
Grindwell Norton lagged returns against current returns
Autocorrelation, which is Grindwell Norton 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 Grindwell Norton's stock expected returns. We can calculate the autocorrelation of Grindwell Norton returns to help us make a trade decision. For example, suppose you find that Grindwell Norton 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 |
Grindwell Norton 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 Grindwell Norton stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Grindwell Norton stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Grindwell Norton stock over time.
Current vs Lagged Prices |
| Timeline |
Grindwell Norton Lagged Returns
When evaluating Grindwell Norton's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Grindwell Norton stock have on its future price. Grindwell Norton 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, Grindwell Norton autocorrelation shows the relationship between Grindwell Norton stock current value and its past values and can show if there is a momentum factor associated with investing in Grindwell Norton 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 Grindwell Stock
Grindwell Norton financial ratios help investors to determine whether Grindwell 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 Grindwell with respect to the benefits of owning Grindwell Norton security.