Hisar Metal's market value is the price at which a share of Hisar Metal trades on a public exchange. It measures the collective expectations of Hisar Metal Industries investors about its performance. Hisar Metal is trading at 212.84 as of the 17th of January 2025, a 0.23 percent decrease since the beginning of the trading day. The stock's lowest day price was 210.02. With this module, you can estimate the performance of a buy and hold strategy of Hisar Metal Industries and determine expected loss or profit from investing in Hisar Metal over a given investment horizon. Check out Hisar Metal Correlation, Hisar Metal Volatility and Hisar Metal Alpha and Beta module to complement your research on Hisar Metal.
Please note, there is a significant difference between Hisar Metal's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hisar Metal is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hisar Metal's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Hisar Metal '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 Hisar Metal'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 Hisar Metal.
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01/28/2023
No Change 0.00
0.0
In 1 year 11 months and 22 days
01/17/2025
0.00
If you would invest 0.00 in Hisar Metal on January 28, 2023 and sell it all today you would earn a total of 0.00 from holding Hisar Metal Industries or generate 0.0% return on investment in Hisar Metal over 720 days. Hisar Metal is related to or competes with Manaksia Steels, Data Patterns, STEEL EXCHANGE, V Mart, MSP Steel, and Kalyani Steels. Hisar Metal is entity of India. It is traded as Stock on NSE exchange. More
Hisar Metal 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 Hisar Metal'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 Hisar Metal Industries upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hisar Metal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hisar Metal's standard deviation. In reality, there are many statistical measures that can use Hisar Metal historical prices to predict the future Hisar Metal's volatility.
Hisar Metal appears to be very steady, given 3 months investment horizon. Hisar Metal Industries holds Efficiency (Sharpe) Ratio of 0.0831, which attests that the entity had a 0.0831% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Hisar Metal Industries, which you can use to evaluate the volatility of the firm. Please utilize Hisar Metal's Downside Deviation of 2.31, market risk adjusted performance of 0.2043, and Risk Adjusted Performance of 0.06 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hisar Metal holds a performance score of 6. The company retains a Market Volatility (i.e., Beta) of 0.85, which attests to possible diversification benefits within a given portfolio. Hisar Metal returns are very sensitive to returns on the market. As the market goes up or down, Hisar Metal is expected to follow. Please check Hisar Metal's value at risk, as well as the relationship between the skewness and day median price , to make a quick decision on whether Hisar Metal's current trending patterns will revert.
Auto-correlation
-0.07
Very weak reverse predictability
Hisar Metal Industries has very weak reverse predictability. Overlapping area represents the amount of predictability between Hisar Metal time series from 28th of January 2023 to 23rd of January 2024 and 23rd of January 2024 to 17th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Hisar Metal Industries price movement. The serial correlation of -0.07 indicates that barely 7.0% of current Hisar Metal price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.07
Spearman Rank Test
-0.09
Residual Average
0.0
Price Variance
158.08
Hisar Metal Industries lagged returns against current returns
Autocorrelation, which is Hisar Metal 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 Hisar Metal's stock expected returns. We can calculate the autocorrelation of Hisar Metal returns to help us make a trade decision. For example, suppose you find that Hisar Metal 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
Hisar Metal 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 Hisar Metal stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hisar Metal stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hisar Metal stock over time.
Current vs Lagged Prices
Timeline
Hisar Metal Lagged Returns
When evaluating Hisar Metal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hisar Metal stock have on its future price. Hisar Metal 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, Hisar Metal autocorrelation shows the relationship between Hisar Metal stock current value and its past values and can show if there is a momentum factor associated with investing in Hisar Metal Industries.
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.
Hisar Metal financial ratios help investors to determine whether Hisar 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 Hisar with respect to the benefits of owning Hisar Metal security.