MRF (India) Market Value
| MRF Stock | 124,492 105.00 0.08% |
| Symbol | MRF |
MRF '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 MRF'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 MRF.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in MRF on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding MRF Limited or generate 0.0% return on investment in MRF over 30 days. MRF is related to or competes with Gujarat Fluorochemicals, Neogen Chemicals, Sumitomo Chemical, Generic Engineering, Bigbloc Construction, Omkar Speciality, and Man Infraconstructio. MRF is entity of India. It is traded as Stock on NSE exchange. More
MRF 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 MRF'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 MRF Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.26) | |||
| Maximum Drawdown | 4.82 | |||
| Value At Risk | (1.78) | |||
| Potential Upside | 1.57 |
MRF Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MRF's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MRF's standard deviation. In reality, there are many statistical measures that can use MRF historical prices to predict the future MRF's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.33) | |||
| Treynor Ratio | 0.6454 |
MRF Limited Backtested Returns
MRF Limited 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. MRF exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify MRF's mean deviation of 0.8503, and Risk Adjusted Performance of (0.10) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.24, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning MRF are expected to decrease at a much lower rate. During the bear market, MRF is likely to outperform the market. At this point, MRF Limited has a negative expected return of -0.15%. Please make sure to verify MRF's kurtosis, market facilitation index, and the relationship between the value at risk and rate of daily change , to decide if MRF Limited performance from the past will be repeated at future time.
Auto-correlation | -0.65 |
Very good reverse predictability
MRF Limited has very good reverse predictability. Overlapping area represents the amount of predictability between MRF 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 MRF Limited price movement. The serial correlation of -0.65 indicates that roughly 65.0% of current MRF price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.65 | |
| Spearman Rank Test | -0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 2.3 M |
MRF Limited lagged returns against current returns
Autocorrelation, which is MRF 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 MRF's stock expected returns. We can calculate the autocorrelation of MRF returns to help us make a trade decision. For example, suppose you find that MRF 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 |
MRF 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 MRF stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MRF stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MRF stock over time.
Current vs Lagged Prices |
| Timeline |
MRF Lagged Returns
When evaluating MRF's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MRF stock have on its future price. MRF 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, MRF autocorrelation shows the relationship between MRF stock current value and its past values and can show if there is a momentum factor associated with investing in MRF Limited.
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.Other Information on Investing in MRF Stock
MRF financial ratios help investors to determine whether MRF 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 MRF with respect to the benefits of owning MRF security.