India Glycols (India) Market Value
| INDIAGLYCO | 1,196 40.80 3.53% |
| Symbol | India |
India Glycols '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 India Glycols' 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 India Glycols.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in India Glycols on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding India Glycols Limited or generate 0.0% return on investment in India Glycols over 30 days. India Glycols is related to or competes with Gujarat Fluorochemicals, Kanoria Chemicals, Man Infraconstructio, V2 Retail, Future Retail, Mangalore Chemicals, and Sumitomo Chemical. India Glycols is entity of India. It is traded as Stock on NSE exchange. More
India Glycols 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 India Glycols' 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 India Glycols Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 23.17 | |||
| Value At Risk | (4.42) | |||
| Potential Upside | 5.48 |
India Glycols Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for India Glycols' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as India Glycols' standard deviation. In reality, there are many statistical measures that can use India Glycols historical prices to predict the future India Glycols' volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.67) | |||
| Treynor Ratio | (0.52) |
India Glycols Limited Backtested Returns
India Glycols Limited holds Efficiency (Sharpe) Ratio of -0.0214, which attests that the entity had a -0.0214% return per unit of risk over the last 3 months. India Glycols Limited exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out India Glycols' Market Risk Adjusted Performance of (0.51), standard deviation of 3.55, and Risk Adjusted Performance of (0.02) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.23, which attests to not very significant fluctuations relative to the market. As returns on the market increase, India Glycols' returns are expected to increase less than the market. However, during the bear market, the loss of holding India Glycols is expected to be smaller as well. At this point, India Glycols Limited has a negative expected return of -0.0779%. Please make sure to check out India Glycols' standard deviation, maximum drawdown, kurtosis, as well as the relationship between the total risk alpha and potential upside , to decide if India Glycols Limited performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.55 |
Good reverse predictability
India Glycols Limited has good reverse predictability. Overlapping area represents the amount of predictability between India Glycols 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 India Glycols Limited price movement. The serial correlation of -0.55 indicates that about 55.0% of current India Glycols price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.55 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 605.41 |
India Glycols Limited lagged returns against current returns
Autocorrelation, which is India Glycols 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 India Glycols' stock expected returns. We can calculate the autocorrelation of India Glycols returns to help us make a trade decision. For example, suppose you find that India Glycols 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 |
India Glycols 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 India Glycols stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if India Glycols stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in India Glycols stock over time.
Current vs Lagged Prices |
| Timeline |
India Glycols Lagged Returns
When evaluating India Glycols' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of India Glycols stock have on its future price. India Glycols 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, India Glycols autocorrelation shows the relationship between India Glycols stock current value and its past values and can show if there is a momentum factor associated with investing in India Glycols 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 India Stock
India Glycols financial ratios help investors to determine whether India 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 India with respect to the benefits of owning India Glycols security.