Melstar Information (India) Market Value
| MELSTAR Stock | 4.25 0.00 0.00% |
| Symbol | Melstar |
Melstar Information '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 Melstar Information's 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 Melstar Information.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Melstar Information on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Melstar Information Technologies or generate 0.0% return on investment in Melstar Information over 30 days. Melstar Information is related to or competes with Reliance Industries, Life Insurance, India Glycols, Indo Borax, Kingfa Science, Alkali Metals, and Mahindra Logistics. Melstar Information is entity of India. It is traded as Stock on NSE exchange. More
Melstar Information 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 Melstar Information's 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 Melstar Information Technologies upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1202 | |||
| Maximum Drawdown | 4769.13 |
Melstar Information Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Melstar Information's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Melstar Information's standard deviation. In reality, there are many statistical measures that can use Melstar Information historical prices to predict the future Melstar Information's volatility.| Risk Adjusted Performance | 0.1021 | |||
| Jensen Alpha | 76.72 | |||
| Total Risk Alpha | (21.33) | |||
| Treynor Ratio | (1.12) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Melstar Information's 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.
Melstar Information Backtested Returns
Melstar Information has Sharpe Ratio of -0.13, which conveys that the firm had a -0.13% return per unit of risk over the last 3 months. Melstar Information exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Melstar Information's Risk Adjusted Performance of 0.1021, mean deviation of 139.45, and Standard Deviation of 575.29 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -61.74, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Melstar Information are expected to decrease by larger amounts. On the other hand, during market turmoil, Melstar Information is expected to outperform it. At this point, Melstar Information has a negative expected return of -1.58%. Please make sure to verify Melstar Information's variance and rate of daily change , to decide if Melstar Information performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Melstar Information Technologies has no correlation between past and present. Overlapping area represents the amount of predictability between Melstar Information time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Melstar Information price movement. The serial correlation of 0.0 indicates that just 0.0% of current Melstar Information price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Melstar Information lagged returns against current returns
Autocorrelation, which is Melstar Information 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 Melstar Information's stock expected returns. We can calculate the autocorrelation of Melstar Information returns to help us make a trade decision. For example, suppose you find that Melstar Information 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 |
Melstar Information 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 Melstar Information stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Melstar Information stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Melstar Information stock over time.
Current vs Lagged Prices |
| Timeline |
Melstar Information Lagged Returns
When evaluating Melstar Information's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Melstar Information stock have on its future price. Melstar Information 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, Melstar Information autocorrelation shows the relationship between Melstar Information stock current value and its past values and can show if there is a momentum factor associated with investing in Melstar Information Technologies.
Regressed Prices |
| Timeline |
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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.Additional Tools for Melstar Stock Analysis
When running Melstar Information's price analysis, check to measure Melstar Information's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Melstar Information is operating at the current time. Most of Melstar Information's value examination focuses on studying past and present price action to predict the probability of Melstar Information's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Melstar Information's price. Additionally, you may evaluate how the addition of Melstar Information to your portfolios can decrease your overall portfolio volatility.