Kajaria Ceramics (India) Market Value
| KAJARIACER | 852.30 20.70 2.37% |
| Symbol | Kajaria |
Kajaria Ceramics '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 Kajaria Ceramics' 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 Kajaria Ceramics.
| 01/30/2025 |
| 03/01/2025 |
If you would invest 0.00 in Kajaria Ceramics on January 30, 2025 and sell it all today you would earn a total of 0.00 from holding Kajaria Ceramics Limited or generate 0.0% return on investment in Kajaria Ceramics over 30 days. Kajaria Ceramics is related to or competes with OnMobile Global, Heritage Foods, Bikaji Foods, Univa Foods, Tree House, Electronics Mart, and Reliance Communications. Kajaria Ceramics is entity of India. It is traded as Stock on NSE exchange. More
Kajaria Ceramics 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 Kajaria Ceramics' 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 Kajaria Ceramics Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.29) | |||
| Maximum Drawdown | 10.11 | |||
| Value At Risk | (2.91) | |||
| Potential Upside | 1.83 |
Kajaria Ceramics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kajaria Ceramics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kajaria Ceramics' standard deviation. In reality, there are many statistical measures that can use Kajaria Ceramics historical prices to predict the future Kajaria Ceramics' volatility.| Risk Adjusted Performance | (0.21) | |||
| Jensen Alpha | (0.50) | |||
| Total Risk Alpha | (0.45) | |||
| Treynor Ratio | 3.98 |
Kajaria Ceramics Backtested Returns
Kajaria Ceramics has Sharpe Ratio of -0.34, which conveys that the firm had a -0.34 % return per unit of risk over the last 3 months. Kajaria Ceramics exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Kajaria Ceramics' Standard Deviation of 1.64, mean deviation of 1.27, and Risk Adjusted Performance of (0.21) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.13, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Kajaria Ceramics are expected to decrease at a much lower rate. During the bear market, Kajaria Ceramics is likely to outperform the market. At this point, Kajaria Ceramics has a negative expected return of -0.57%. Please make sure to verify Kajaria Ceramics' value at risk, as well as the relationship between the daily balance of power and price action indicator , to decide if Kajaria Ceramics performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.76 |
Good predictability
Kajaria Ceramics Limited has good predictability. Overlapping area represents the amount of predictability between Kajaria Ceramics time series from 30th of January 2025 to 14th of February 2025 and 14th of February 2025 to 1st of March 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 Kajaria Ceramics price movement. The serial correlation of 0.76 indicates that around 76.0% of current Kajaria Ceramics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.76 | |
| Spearman Rank Test | 0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 227.98 |
Kajaria Ceramics lagged returns against current returns
Autocorrelation, which is Kajaria Ceramics 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 Kajaria Ceramics' stock expected returns. We can calculate the autocorrelation of Kajaria Ceramics returns to help us make a trade decision. For example, suppose you find that Kajaria Ceramics 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 |
Kajaria Ceramics 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 Kajaria Ceramics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kajaria Ceramics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kajaria Ceramics stock over time.
Current vs Lagged Prices |
| Timeline |
Kajaria Ceramics Lagged Returns
When evaluating Kajaria Ceramics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kajaria Ceramics stock have on its future price. Kajaria Ceramics 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, Kajaria Ceramics autocorrelation shows the relationship between Kajaria Ceramics stock current value and its past values and can show if there is a momentum factor associated with investing in Kajaria Ceramics 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 Kajaria Stock
Kajaria Ceramics financial ratios help investors to determine whether Kajaria 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 Kajaria with respect to the benefits of owning Kajaria Ceramics security.