Mangalam Organics (India) Market Value
| MANORG Stock | 454.90 9.25 1.99% |
| Symbol | Mangalam |
Mangalam Organics '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 Mangalam Organics' 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 Mangalam Organics.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Mangalam Organics on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Mangalam Organics Limited or generate 0.0% return on investment in Mangalam Organics over 30 days. Mangalam Organics is related to or competes with NMDC, Steel Authority, Embassy Office, Gujarat Alkalies, Indian Metals, and JTL Industries. Mangalam Organics is entity of India. It is traded as Stock on NSE exchange. More
Mangalam Organics 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 Mangalam Organics' 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 Mangalam Organics Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 10.26 | |||
| Value At Risk | (4.45) | |||
| Potential Upside | 4.99 |
Mangalam Organics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mangalam Organics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mangalam Organics' standard deviation. In reality, there are many statistical measures that can use Mangalam Organics historical prices to predict the future Mangalam Organics' volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.53) | |||
| Treynor Ratio | (0.22) |
Mangalam Organics Backtested Returns
Mangalam Organics has Sharpe Ratio of -0.0515, which conveys that the firm had a -0.0515% return per unit of risk over the last 3 months. Mangalam Organics exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mangalam Organics' Standard Deviation of 2.71, mean deviation of 2.26, and Risk Adjusted Performance of (0.02) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.51, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Mangalam Organics' returns are expected to increase less than the market. However, during the bear market, the loss of holding Mangalam Organics is expected to be smaller as well. At this point, Mangalam Organics has a negative expected return of -0.14%. Please make sure to verify Mangalam Organics' information ratio, skewness, as well as the relationship between the Skewness and day typical price , to decide if Mangalam Organics performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.83 |
Excellent reverse predictability
Mangalam Organics Limited has excellent reverse predictability. Overlapping area represents the amount of predictability between Mangalam Organics 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 Mangalam Organics price movement. The serial correlation of -0.83 indicates that around 83.0% of current Mangalam Organics price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.83 | |
| Spearman Rank Test | -0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 761.23 |
Mangalam Organics lagged returns against current returns
Autocorrelation, which is Mangalam Organics 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 Mangalam Organics' stock expected returns. We can calculate the autocorrelation of Mangalam Organics returns to help us make a trade decision. For example, suppose you find that Mangalam Organics 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 |
Mangalam Organics 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 Mangalam Organics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mangalam Organics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mangalam Organics stock over time.
Current vs Lagged Prices |
| Timeline |
Mangalam Organics Lagged Returns
When evaluating Mangalam Organics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mangalam Organics stock have on its future price. Mangalam Organics 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, Mangalam Organics autocorrelation shows the relationship between Mangalam Organics stock current value and its past values and can show if there is a momentum factor associated with investing in Mangalam Organics 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 Mangalam Stock
Mangalam Organics financial ratios help investors to determine whether Mangalam 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 Mangalam with respect to the benefits of owning Mangalam Organics security.