Manorama Industries (India) Market Value
| MANORAMA | 1,177 3.05 0.26% |
| Symbol | Manorama |
Manorama Industries '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 Manorama Industries' 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 Manorama Industries.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Manorama Industries on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Manorama Industries Limited or generate 0.0% return on investment in Manorama Industries over 180 days. Manorama Industries is related to or competes with Global Education, Hemisphere Properties, Reliance Communications, Chalet Hotels, Lemon Tree, Hi Tech, and Niraj Ispat. Manorama Industries is entity of India. It is traded as Stock on NSE exchange. More
Manorama Industries 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 Manorama Industries' 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 Manorama Industries Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.06 | |||
| Information Ratio | 0.1246 | |||
| Maximum Drawdown | 14.18 | |||
| Value At Risk | (4.55) | |||
| Potential Upside | 5.43 |
Manorama Industries Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Manorama Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Manorama Industries' standard deviation. In reality, there are many statistical measures that can use Manorama Industries historical prices to predict the future Manorama Industries' volatility.| Risk Adjusted Performance | 0.1361 | |||
| Jensen Alpha | 0.4496 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.1287 | |||
| Treynor Ratio | 0.923 |
Manorama Industries Backtested Returns
Manorama Industries appears to be very steady, given 3 months investment horizon. Manorama Industries has Sharpe Ratio of 0.19, which conveys that the firm had a 0.19% return per unit of risk over the last 3 months. By analyzing Manorama Industries' technical indicators, you can evaluate if the expected return of 0.61% is justified by implied risk. Please exercise Manorama Industries' Mean Deviation of 2.39, downside deviation of 3.06, and Risk Adjusted Performance of 0.1361 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Manorama Industries holds a performance score of 14. The company secures a Beta (Market Risk) of 0.57, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Manorama Industries' returns are expected to increase less than the market. However, during the bear market, the loss of holding Manorama Industries is expected to be smaller as well. Please check Manorama Industries' expected short fall, and the relationship between the maximum drawdown and rate of daily change , to make a quick decision on whether Manorama Industries' current price movements will revert.
Auto-correlation | 0.78 |
Good predictability
Manorama Industries Limited has good predictability. Overlapping area represents the amount of predictability between Manorama Industries time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd 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 Manorama Industries price movement. The serial correlation of 0.78 indicates that around 78.0% of current Manorama Industries price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 13.2 K |
Manorama Industries lagged returns against current returns
Autocorrelation, which is Manorama Industries 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 Manorama Industries' stock expected returns. We can calculate the autocorrelation of Manorama Industries returns to help us make a trade decision. For example, suppose you find that Manorama Industries 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 |
Manorama Industries 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 Manorama Industries stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Manorama Industries stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Manorama Industries stock over time.
Current vs Lagged Prices |
| Timeline |
Manorama Industries Lagged Returns
When evaluating Manorama Industries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Manorama Industries stock have on its future price. Manorama Industries 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, Manorama Industries autocorrelation shows the relationship between Manorama Industries stock current value and its past values and can show if there is a momentum factor associated with investing in Manorama Industries 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 Manorama Stock
Manorama Industries financial ratios help investors to determine whether Manorama 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 Manorama with respect to the benefits of owning Manorama Industries security.