Jyoti CNC (India) Market Value
| JYOTICNC | 1,242 5.90 0.47% |
| Symbol | Jyoti |
Jyoti CNC '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 Jyoti CNC'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 Jyoti CNC.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Jyoti CNC on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Jyoti CNC Automation or generate 0.0% return on investment in Jyoti CNC over 30 days. Jyoti CNC is related to or competes with Kingfa Science, Rico Auto, GACM Technologies, COSMO FIRST, Delta Manufacturing, Tribhovandas Bhimji, and Parag Milk. Jyoti CNC is entity of India. It is traded as Stock on NSE exchange. More
Jyoti CNC 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 Jyoti CNC'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 Jyoti CNC Automation upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 7.9 | |||
| Value At Risk | (3.15) | |||
| Potential Upside | 4.15 |
Jyoti CNC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jyoti CNC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jyoti CNC's standard deviation. In reality, there are many statistical measures that can use Jyoti CNC historical prices to predict the future Jyoti CNC's volatility.| Risk Adjusted Performance | 0.0063 | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.40) | |||
| Treynor Ratio | (0.01) |
Jyoti CNC Automation Backtested Returns
As of now, Jyoti Stock is very steady. Jyoti CNC Automation holds Efficiency (Sharpe) Ratio of 0.0321, which attests that the entity had a 0.0321% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Jyoti CNC Automation, which you can use to evaluate the volatility of the firm. Please check out Jyoti CNC's Standard Deviation of 2.3, insignificant market risk adjusted performance, and Risk Adjusted Performance of 0.0063 to validate if the risk estimate we provide is consistent with the expected return of 0.0738%. Jyoti CNC has a performance score of 2 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.75, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Jyoti CNC's returns are expected to increase less than the market. However, during the bear market, the loss of holding Jyoti CNC is expected to be smaller as well. Jyoti CNC Automation right now retains a risk of 2.3%. Please check out Jyoti CNC skewness, as well as the relationship between the day median price and relative strength index , to decide if Jyoti CNC will be following its current trending patterns.
Auto-correlation | 0.60 |
Good predictability
Jyoti CNC Automation has good predictability. Overlapping area represents the amount of predictability between Jyoti CNC time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Jyoti CNC Automation price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current Jyoti CNC price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.6 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 2101.09 |
Jyoti CNC Automation lagged returns against current returns
Autocorrelation, which is Jyoti CNC 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 Jyoti CNC's stock expected returns. We can calculate the autocorrelation of Jyoti CNC returns to help us make a trade decision. For example, suppose you find that Jyoti CNC 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 |
Jyoti CNC 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 Jyoti CNC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jyoti CNC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jyoti CNC stock over time.
Current vs Lagged Prices |
| Timeline |
Jyoti CNC Lagged Returns
When evaluating Jyoti CNC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jyoti CNC stock have on its future price. Jyoti CNC 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, Jyoti CNC autocorrelation shows the relationship between Jyoti CNC stock current value and its past values and can show if there is a momentum factor associated with investing in Jyoti CNC Automation.
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 Jyoti Stock
Jyoti CNC financial ratios help investors to determine whether Jyoti 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 Jyoti with respect to the benefits of owning Jyoti CNC security.