Kothari Petrochemicals (India) Market Value
| KOTHARIPET | 208.14 2.29 1.09% |
| Symbol | Kothari |
Kothari Petrochemicals '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 Kothari Petrochemicals' 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 Kothari Petrochemicals.
| 11/17/2024 |
| 12/17/2024 |
If you would invest 0.00 in Kothari Petrochemicals on November 17, 2024 and sell it all today you would earn a total of 0.00 from holding Kothari Petrochemicals Limited or generate 0.0% return on investment in Kothari Petrochemicals over 30 days. Kothari Petrochemicals is related to or competes with FCS Software, California Software, Agro Tech, Unitech, Jaypee Infratech, HDFC Asset, and Nucleus Software. Kothari Petrochemicals is entity of India More
Kothari Petrochemicals 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 Kothari Petrochemicals' 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 Kothari Petrochemicals Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 16.19 | |||
| Value At Risk | (4.45) | |||
| Potential Upside | 4.49 |
Kothari Petrochemicals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kothari Petrochemicals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kothari Petrochemicals' standard deviation. In reality, there are many statistical measures that can use Kothari Petrochemicals historical prices to predict the future Kothari Petrochemicals' volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.47) | |||
| Treynor Ratio | (0.26) |
Kothari Petrochemicals Backtested Returns
Kothari Petrochemicals has Sharpe Ratio of -0.0298, which conveys that the firm had a -0.0298% return per unit of risk over the last 3 months. Kothari Petrochemicals exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Kothari Petrochemicals' Standard Deviation of 3.01, risk adjusted performance of (0.03), and Mean Deviation of 2.18 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.62, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Kothari Petrochemicals' returns are expected to increase less than the market. However, during the bear market, the loss of holding Kothari Petrochemicals is expected to be smaller as well. At this point, Kothari Petrochemicals has a negative expected return of -0.0911%. Please make sure to verify Kothari Petrochemicals' daily balance of power, and the relationship between the skewness and day typical price , to decide if Kothari Petrochemicals performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.21 |
Weak predictability
Kothari Petrochemicals Limited has weak predictability. Overlapping area represents the amount of predictability between Kothari Petrochemicals time series from 17th of November 2024 to 2nd of December 2024 and 2nd of December 2024 to 17th of December 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 Kothari Petrochemicals price movement. The serial correlation of 0.21 indicates that over 21.0% of current Kothari Petrochemicals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 23.1 |
Kothari Petrochemicals lagged returns against current returns
Autocorrelation, which is Kothari Petrochemicals 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 Kothari Petrochemicals' stock expected returns. We can calculate the autocorrelation of Kothari Petrochemicals returns to help us make a trade decision. For example, suppose you find that Kothari Petrochemicals 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 |
Kothari Petrochemicals 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 Kothari Petrochemicals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kothari Petrochemicals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kothari Petrochemicals stock over time.
Current vs Lagged Prices |
| Timeline |
Kothari Petrochemicals Lagged Returns
When evaluating Kothari Petrochemicals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kothari Petrochemicals stock have on its future price. Kothari Petrochemicals 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, Kothari Petrochemicals autocorrelation shows the relationship between Kothari Petrochemicals stock current value and its past values and can show if there is a momentum factor associated with investing in Kothari Petrochemicals 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 Kothari Stock
Kothari Petrochemicals financial ratios help investors to determine whether Kothari 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 Kothari with respect to the benefits of owning Kothari Petrochemicals security.