Meghmani Organics (India) Market Value
| MOL Stock | 95.00 2.73 2.96% |
| Symbol | Meghmani |
Meghmani 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 Meghmani 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 Meghmani Organics.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Meghmani Organics on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Meghmani Organics Limited or generate 0.0% return on investment in Meghmani Organics over 510 days. Meghmani Organics is related to or competes with NMDC, Steel Authority, Embassy Office, Gujarat Narmada, Gujarat Alkalies, Indian Metals, and JTL Industries. Meghmani Organics is entity of India. It is traded as Stock on NSE exchange. More
Meghmani 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 Meghmani 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 Meghmani Organics Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 13.6 | |||
| Value At Risk | (4.31) | |||
| Potential Upside | 3.5 |
Meghmani Organics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Meghmani Organics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Meghmani Organics' standard deviation. In reality, there are many statistical measures that can use Meghmani Organics historical prices to predict the future Meghmani Organics' volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.48) | |||
| Treynor Ratio | (0.89) |
Meghmani Organics Backtested Returns
Meghmani Organics has Sharpe Ratio of -0.0336, which conveys that the firm had a -0.0336% return per unit of risk over the last 3 months. Meghmani Organics exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Meghmani Organics' Risk Adjusted Performance of (0.01), standard deviation of 2.63, and Mean Deviation of 1.99 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.0824, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Meghmani Organics' returns are expected to increase less than the market. However, during the bear market, the loss of holding Meghmani Organics is expected to be smaller as well. At this point, Meghmani Organics has a negative expected return of -0.0885%. Please make sure to verify Meghmani Organics' total risk alpha, kurtosis, market facilitation index, as well as the relationship between the value at risk and rate of daily change , to decide if Meghmani Organics performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.27 |
Poor predictability
Meghmani Organics Limited has poor predictability. Overlapping area represents the amount of predictability between Meghmani Organics time series from 5th of July 2023 to 16th of March 2024 and 16th of March 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 Meghmani Organics price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current Meghmani Organics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 94.36 |
Meghmani Organics lagged returns against current returns
Autocorrelation, which is Meghmani 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 Meghmani Organics' stock expected returns. We can calculate the autocorrelation of Meghmani Organics returns to help us make a trade decision. For example, suppose you find that Meghmani 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 |
Meghmani 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 Meghmani Organics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Meghmani Organics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Meghmani Organics stock over time.
Current vs Lagged Prices |
| Timeline |
Meghmani Organics Lagged Returns
When evaluating Meghmani Organics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Meghmani Organics stock have on its future price. Meghmani 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, Meghmani Organics autocorrelation shows the relationship between Meghmani Organics stock current value and its past values and can show if there is a momentum factor associated with investing in Meghmani 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 Meghmani Stock
Meghmani Organics financial ratios help investors to determine whether Meghmani 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 Meghmani with respect to the benefits of owning Meghmani Organics security.