Maithan Alloys (India) Market Value
| MAITHANALL | 1,062 0.50 0.05% |
| Symbol | Maithan |
Maithan Alloys '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 Maithan Alloys' 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 Maithan Alloys.
| 05/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in Maithan Alloys on May 27, 2024 and sell it all today you would earn a total of 0.00 from holding Maithan Alloys Limited or generate 0.0% return on investment in Maithan Alloys over 180 days. Maithan Alloys is related to or competes with NMDC, Steel Authority, Embassy Office, Gujarat Narmada, Gujarat Alkalies, JTL Industries, and India Glycols. Maithan Alloys is entity of India. It is traded as Stock on NSE exchange. More
Maithan Alloys 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 Maithan Alloys' 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 Maithan Alloys Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 10.91 | |||
| Value At Risk | (2.16) | |||
| Potential Upside | 2.8 |
Maithan Alloys Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Maithan Alloys' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Maithan Alloys' standard deviation. In reality, there are many statistical measures that can use Maithan Alloys historical prices to predict the future Maithan Alloys' volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.33) | |||
| Treynor Ratio | 1.63 |
Maithan Alloys Backtested Returns
Maithan Alloys has Sharpe Ratio of -0.0128, which conveys that the firm had a -0.0128% return per unit of risk over the last 3 months. Maithan Alloys exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Maithan Alloys' insignificant Risk Adjusted Performance, standard deviation of 1.9, and Mean Deviation of 1.35 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.0189, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Maithan Alloys are expected to decrease at a much lower rate. During the bear market, Maithan Alloys is likely to outperform the market. At this point, Maithan Alloys has a negative expected return of -0.0246%. Please make sure to verify Maithan Alloys' value at risk, as well as the relationship between the daily balance of power and price action indicator , to decide if Maithan Alloys performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.56 |
Modest predictability
Maithan Alloys Limited has modest predictability. Overlapping area represents the amount of predictability between Maithan Alloys time series from 27th of May 2024 to 25th of August 2024 and 25th of August 2024 to 23rd 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 Maithan Alloys price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current Maithan Alloys price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | 0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 2731.03 |
Maithan Alloys lagged returns against current returns
Autocorrelation, which is Maithan Alloys 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 Maithan Alloys' stock expected returns. We can calculate the autocorrelation of Maithan Alloys returns to help us make a trade decision. For example, suppose you find that Maithan Alloys 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 |
Maithan Alloys 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 Maithan Alloys stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Maithan Alloys stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Maithan Alloys stock over time.
Current vs Lagged Prices |
| Timeline |
Maithan Alloys Lagged Returns
When evaluating Maithan Alloys' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Maithan Alloys stock have on its future price. Maithan Alloys 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, Maithan Alloys autocorrelation shows the relationship between Maithan Alloys stock current value and its past values and can show if there is a momentum factor associated with investing in Maithan Alloys 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 Maithan Stock
Maithan Alloys financial ratios help investors to determine whether Maithan 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 Maithan with respect to the benefits of owning Maithan Alloys security.