MSP Steel (India) Market Value
| MSPL Stock | 42.03 1.46 3.60% |
| Symbol | MSP |
MSP Steel '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 MSP Steel'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 MSP Steel.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in MSP Steel on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding MSP Steel Power or generate 0.0% return on investment in MSP Steel over 30 days. MSP Steel is related to or competes with NMDC, Steel Authority, Embassy Office, Gujarat Narmada, Gujarat Alkalies, JTL Industries, and India Glycols. MSP Steel is entity of India. It is traded as Stock on NSE exchange. More
MSP Steel 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 MSP Steel'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 MSP Steel Power upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.59 | |||
| Information Ratio | 0.0126 | |||
| Maximum Drawdown | 14.86 | |||
| Value At Risk | (5.01) | |||
| Potential Upside | 5.0 |
MSP Steel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MSP Steel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MSP Steel's standard deviation. In reality, there are many statistical measures that can use MSP Steel historical prices to predict the future MSP Steel's volatility.| Risk Adjusted Performance | 0.0448 | |||
| Jensen Alpha | 0.0684 | |||
| Total Risk Alpha | (0.41) | |||
| Sortino Ratio | 0.0129 | |||
| Treynor Ratio | 0.2046 |
MSP Steel Power Backtested Returns
Currently, MSP Steel Power is very steady. MSP Steel Power has Sharpe Ratio of 0.0077, which conveys that the firm had a 0.0077% return per unit of volatility over the last 3 months. We have found thirty technical indicators for MSP Steel, which you can use to evaluate the volatility of the firm. Please verify MSP Steel's risk adjusted performance of 0.0448, and Mean Deviation of 3.0 to check out if the risk estimate we provide is consistent with the expected return of 0.028%. The company secures a Beta (Market Risk) of 0.82, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, MSP Steel's returns are expected to increase less than the market. However, during the bear market, the loss of holding MSP Steel is expected to be smaller as well. MSP Steel Power presently secures a risk of 3.64%. Please verify MSP Steel Power treynor ratio, value at risk, and the relationship between the sortino ratio and maximum drawdown , to decide if MSP Steel Power will be following its current price movements.
Auto-correlation | -0.01 |
Very weak reverse predictability
MSP Steel Power has very weak reverse predictability. Overlapping area represents the amount of predictability between MSP Steel time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 to 24th 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 MSP Steel Power price movement. The serial correlation of -0.01 indicates that just 1.0% of current MSP Steel price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.86 |
MSP Steel Power lagged returns against current returns
Autocorrelation, which is MSP Steel 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 MSP Steel's stock expected returns. We can calculate the autocorrelation of MSP Steel returns to help us make a trade decision. For example, suppose you find that MSP Steel 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 |
MSP Steel 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 MSP Steel stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MSP Steel stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MSP Steel stock over time.
Current vs Lagged Prices |
| Timeline |
MSP Steel Lagged Returns
When evaluating MSP Steel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MSP Steel stock have on its future price. MSP Steel 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, MSP Steel autocorrelation shows the relationship between MSP Steel stock current value and its past values and can show if there is a momentum factor associated with investing in MSP Steel Power.
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 MSP Stock Analysis
When running MSP Steel's price analysis, check to measure MSP Steel'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 MSP Steel is operating at the current time. Most of MSP Steel's value examination focuses on studying past and present price action to predict the probability of MSP Steel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MSP Steel's price. Additionally, you may evaluate how the addition of MSP Steel to your portfolios can decrease your overall portfolio volatility.