Metalyst Forgings (India) Market Value
| METALFORGE | 4.05 0.00 0.00% |
| Symbol | Metalyst |
Metalyst Forgings '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 Metalyst Forgings' 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 Metalyst Forgings.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Metalyst Forgings on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Metalyst Forgings Limited or generate 0.0% return on investment in Metalyst Forgings over 30 days. Metalyst Forgings is related to or competes with Reliance Industries, Tata Consultancy, HDFC Bank, and Bharti Airtel. Metalyst Forgings is entity of India. It is traded as Stock on NSE exchange. More
Metalyst Forgings 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 Metalyst Forgings' 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 Metalyst Forgings Limited upside and downside potential and time the market with a certain degree of confidence.
Metalyst Forgings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Metalyst Forgings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Metalyst Forgings' standard deviation. In reality, there are many statistical measures that can use Metalyst Forgings historical prices to predict the future Metalyst Forgings' volatility.Metalyst Forgings Backtested Returns
We have found three technical indicators for Metalyst Forgings, which you can use to evaluate the volatility of the firm. The company secures a Beta (Market Risk) of 0.0, which conveys not very significant fluctuations relative to the market. the returns on MARKET and Metalyst Forgings are completely uncorrelated.
Auto-correlation | 1.00 |
Perfect predictability
Metalyst Forgings Limited has perfect predictability. Overlapping area represents the amount of predictability between Metalyst Forgings 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 Metalyst Forgings price movement. The serial correlation of 1.0 indicates that 100.0% of current Metalyst Forgings price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Metalyst Forgings lagged returns against current returns
Autocorrelation, which is Metalyst Forgings 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 Metalyst Forgings' stock expected returns. We can calculate the autocorrelation of Metalyst Forgings returns to help us make a trade decision. For example, suppose you find that Metalyst Forgings 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 |
Metalyst Forgings 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 Metalyst Forgings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Metalyst Forgings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Metalyst Forgings stock over time.
Current vs Lagged Prices |
| Timeline |
Metalyst Forgings Lagged Returns
When evaluating Metalyst Forgings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Metalyst Forgings stock have on its future price. Metalyst Forgings 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, Metalyst Forgings autocorrelation shows the relationship between Metalyst Forgings stock current value and its past values and can show if there is a momentum factor associated with investing in Metalyst Forgings 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 Metalyst Stock
Metalyst Forgings financial ratios help investors to determine whether Metalyst 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 Metalyst with respect to the benefits of owning Metalyst Forgings security.