Indian Metals (India) Market Value
| IMFA Stock | 816.05 9.90 1.20% |
| Symbol | Indian |
Indian Metals '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 Indian Metals' 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 Indian Metals.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Indian Metals on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Indian Metals Ferro or generate 0.0% return on investment in Indian Metals over 30 days. Indian Metals is related to or competes with NMDC, Steel Authority, Embassy Office, Gujarat Narmada, Gujarat Alkalies, JTL Industries, and India Glycols. Indian Metals is entity of India. It is traded as Stock on NSE exchange. More
Indian Metals 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 Indian Metals' 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 Indian Metals Ferro upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.95 | |||
| Information Ratio | 0.0868 | |||
| Maximum Drawdown | 11.39 | |||
| Value At Risk | (2.75) | |||
| Potential Upside | 4.96 |
Indian Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Indian Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Indian Metals' standard deviation. In reality, there are many statistical measures that can use Indian Metals historical prices to predict the future Indian Metals' volatility.| Risk Adjusted Performance | 0.1152 | |||
| Jensen Alpha | 0.335 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.1068 | |||
| Treynor Ratio | (6.31) |
Indian Metals Ferro Backtested Returns
Indian Metals appears to be very steady, given 3 months investment horizon. Indian Metals Ferro holds Efficiency (Sharpe) Ratio of 0.15, which attests that the entity had a 0.15% return per unit of risk over the last 3 months. We have found thirty technical indicators for Indian Metals Ferro, which you can use to evaluate the volatility of the firm. Please utilize Indian Metals' Market Risk Adjusted Performance of (6.30), risk adjusted performance of 0.1152, and Downside Deviation of 1.95 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Indian Metals holds a performance score of 11. The company retains a Market Volatility (i.e., Beta) of -0.0521, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Indian Metals are expected to decrease at a much lower rate. During the bear market, Indian Metals is likely to outperform the market. Please check Indian Metals' semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to make a quick decision on whether Indian Metals' current trending patterns will revert.
Auto-correlation | 0.82 |
Very good predictability
Indian Metals Ferro has very good predictability. Overlapping area represents the amount of predictability between Indian Metals time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Indian Metals Ferro price movement. The serial correlation of 0.82 indicates that around 82.0% of current Indian Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.82 | |
| Spearman Rank Test | 0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 1044.0 |
Indian Metals Ferro lagged returns against current returns
Autocorrelation, which is Indian Metals 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 Indian Metals' stock expected returns. We can calculate the autocorrelation of Indian Metals returns to help us make a trade decision. For example, suppose you find that Indian Metals 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 |
Indian Metals 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 Indian Metals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Indian Metals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Indian Metals stock over time.
Current vs Lagged Prices |
| Timeline |
Indian Metals Lagged Returns
When evaluating Indian Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Indian Metals stock have on its future price. Indian Metals 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, Indian Metals autocorrelation shows the relationship between Indian Metals stock current value and its past values and can show if there is a momentum factor associated with investing in Indian Metals Ferro.
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 Indian Stock Analysis
When running Indian Metals' price analysis, check to measure Indian Metals' 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 Indian Metals is operating at the current time. Most of Indian Metals' value examination focuses on studying past and present price action to predict the probability of Indian Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Indian Metals' price. Additionally, you may evaluate how the addition of Indian Metals to your portfolios can decrease your overall portfolio volatility.