Mangalore Chemicals (India) Market Value
| MANGCHEFER | 144.79 3.69 2.62% |
| Symbol | Mangalore |
Mangalore Chemicals '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 Mangalore Chemicals' 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 Mangalore Chemicals.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Mangalore Chemicals on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Mangalore Chemicals Fertilizers or generate 0.0% return on investment in Mangalore Chemicals over 30 days. Mangalore Chemicals is related to or competes with NMDC, Steel Authority, Embassy Office, Gujarat Narmada, Gujarat Alkalies, Indian Metals, and JTL Industries. Mangalore Chemicals is entity of India. It is traded as Stock on NSE exchange. More
Mangalore Chemicals 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 Mangalore Chemicals' 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 Mangalore Chemicals Fertilizers upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.95 | |||
| Information Ratio | (0.0009) | |||
| Maximum Drawdown | 9.87 | |||
| Value At Risk | (3.13) | |||
| Potential Upside | 3.6 |
Mangalore Chemicals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mangalore Chemicals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mangalore Chemicals' standard deviation. In reality, there are many statistical measures that can use Mangalore Chemicals historical prices to predict the future Mangalore Chemicals' volatility.| Risk Adjusted Performance | 0.0505 | |||
| Jensen Alpha | 0.0568 | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.2311 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mangalore Chemicals' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Mangalore Chemicals Backtested Returns
At this point, Mangalore Chemicals is very steady. Mangalore Chemicals has Sharpe Ratio of 0.08, which conveys that the firm had a 0.08% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Mangalore Chemicals, which you can use to evaluate the volatility of the firm. Please verify Mangalore Chemicals' Risk Adjusted Performance of 0.0505, mean deviation of 1.65, and Downside Deviation of 1.95 to check out if the risk estimate we provide is consistent with the expected return of 0.18%. Mangalore Chemicals has a performance score of 6 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.5, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Mangalore Chemicals' returns are expected to increase less than the market. However, during the bear market, the loss of holding Mangalore Chemicals is expected to be smaller as well. Mangalore Chemicals right now secures a risk of 2.24%. Please verify Mangalore Chemicals Fertilizers semi variance, rate of daily change, and the relationship between the value at risk and kurtosis , to decide if Mangalore Chemicals Fertilizers will be following its current price movements.
Auto-correlation | -0.25 |
Weak reverse predictability
Mangalore Chemicals Fertilizers has weak reverse predictability. Overlapping area represents the amount of predictability between Mangalore Chemicals 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 Mangalore Chemicals price movement. The serial correlation of -0.25 indicates that over 25.0% of current Mangalore Chemicals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 1.63 |
Mangalore Chemicals lagged returns against current returns
Autocorrelation, which is Mangalore Chemicals 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 Mangalore Chemicals' stock expected returns. We can calculate the autocorrelation of Mangalore Chemicals returns to help us make a trade decision. For example, suppose you find that Mangalore Chemicals 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 |
Mangalore Chemicals 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 Mangalore Chemicals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mangalore Chemicals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mangalore Chemicals stock over time.
Current vs Lagged Prices |
| Timeline |
Mangalore Chemicals Lagged Returns
When evaluating Mangalore Chemicals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mangalore Chemicals stock have on its future price. Mangalore Chemicals 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, Mangalore Chemicals autocorrelation shows the relationship between Mangalore Chemicals stock current value and its past values and can show if there is a momentum factor associated with investing in Mangalore Chemicals Fertilizers.
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 Mangalore Stock
Mangalore Chemicals financial ratios help investors to determine whether Mangalore 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 Mangalore with respect to the benefits of owning Mangalore Chemicals security.