Himadri Speciality (India) Market Value
| HSCL Stock | 498.75 8.70 1.78% |
| Symbol | Himadri |
Himadri Speciality '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 Himadri Speciality'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 Himadri Speciality.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Himadri Speciality on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Himadri Speciality Chemical or generate 0.0% return on investment in Himadri Speciality over 30 days. Himadri Speciality is related to or competes with Embassy Office, and JTL Industries. Himadri Speciality is entity of India. It is traded as Stock on NSE exchange. More
Himadri Speciality 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 Himadri Speciality'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 Himadri Speciality Chemical upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 14.0 | |||
| Value At Risk | (5.42) | |||
| Potential Upside | 3.52 |
Himadri Speciality Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Himadri Speciality's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Himadri Speciality's standard deviation. In reality, there are many statistical measures that can use Himadri Speciality historical prices to predict the future Himadri Speciality's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.47) | |||
| Treynor Ratio | (0.08) |
Himadri Speciality Backtested Returns
Himadri Speciality holds Efficiency (Sharpe) Ratio of -0.018, which attests that the entity had a -0.018% return per unit of risk over the last 3 months. Himadri Speciality exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Himadri Speciality's Market Risk Adjusted Performance of (0.07), risk adjusted performance of (0.01), and Standard Deviation of 2.56 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.8, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Himadri Speciality's returns are expected to increase less than the market. However, during the bear market, the loss of holding Himadri Speciality is expected to be smaller as well. At this point, Himadri Speciality has a negative expected return of -0.0471%. Please make sure to check out Himadri Speciality's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if Himadri Speciality performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.27 |
Weak reverse predictability
Himadri Speciality Chemical has weak reverse predictability. Overlapping area represents the amount of predictability between Himadri Speciality time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Himadri Speciality price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current Himadri Speciality price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 154.45 |
Himadri Speciality lagged returns against current returns
Autocorrelation, which is Himadri Speciality 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 Himadri Speciality's stock expected returns. We can calculate the autocorrelation of Himadri Speciality returns to help us make a trade decision. For example, suppose you find that Himadri Speciality 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 |
Himadri Speciality 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 Himadri Speciality stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Himadri Speciality stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Himadri Speciality stock over time.
Current vs Lagged Prices |
| Timeline |
Himadri Speciality Lagged Returns
When evaluating Himadri Speciality's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Himadri Speciality stock have on its future price. Himadri Speciality 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, Himadri Speciality autocorrelation shows the relationship between Himadri Speciality stock current value and its past values and can show if there is a momentum factor associated with investing in Himadri Speciality Chemical.
Regressed Prices |
| Timeline |
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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 Himadri Stock Analysis
When running Himadri Speciality's price analysis, check to measure Himadri Speciality'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 Himadri Speciality is operating at the current time. Most of Himadri Speciality's value examination focuses on studying past and present price action to predict the probability of Himadri Speciality's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Himadri Speciality's price. Additionally, you may evaluate how the addition of Himadri Speciality to your portfolios can decrease your overall portfolio volatility.