Mtar Technologies (India) Market Value
| MTARTECH | 1,779 3.25 0.18% |
| Symbol | Mtar |
Mtar Technologies '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 Mtar Technologies' 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 Mtar Technologies.
| 09/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Mtar Technologies on September 28, 2024 and sell it all today you would earn a total of 0.00 from holding Mtar Technologies Limited or generate 0.0% return on investment in Mtar Technologies over 60 days. Mtar Technologies is related to or competes with Reliance Industries, State Bank, HDFC Bank, Oil Natural, Coal India, and Tata Consultancy. Mtar Technologies is entity of India. It is traded as Stock on NSE exchange. More
Mtar Technologies 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 Mtar Technologies' 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 Mtar Technologies Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.9 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 11.72 | |||
| Value At Risk | (2.85) | |||
| Potential Upside | 3.12 |
Mtar Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mtar Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mtar Technologies' standard deviation. In reality, there are many statistical measures that can use Mtar Technologies historical prices to predict the future Mtar Technologies' volatility.| Risk Adjusted Performance | 0.0066 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.34) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | (0.12) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mtar Technologies' 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.
Mtar Technologies Backtested Returns
At this point, Mtar Technologies is very steady. Mtar Technologies has Sharpe Ratio of 0.0092, which conveys that the firm had a 0.0092% return per unit of risk over the last 3 months. We have found thirty technical indicators for Mtar Technologies, which you can use to evaluate the volatility of the firm. Please verify Mtar Technologies' Mean Deviation of 1.46, downside deviation of 1.9, and Risk Adjusted Performance of 0.0066 to check out if the risk estimate we provide is consistent with the expected return of 0.02%. The company secures a Beta (Market Risk) of 0.0769, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Mtar Technologies' returns are expected to increase less than the market. However, during the bear market, the loss of holding Mtar Technologies is expected to be smaller as well. Mtar Technologies right now secures a risk of 2.17%. Please verify Mtar Technologies Limited potential upside, and the relationship between the jensen alpha and accumulation distribution , to decide if Mtar Technologies Limited will be following its current price movements.
Auto-correlation | -0.76 |
Almost perfect reverse predictability
Mtar Technologies Limited has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Mtar Technologies time series from 28th of September 2024 to 28th of October 2024 and 28th of October 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 Mtar Technologies price movement. The serial correlation of -0.76 indicates that around 76.0% of current Mtar Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.76 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 5090.25 |
Mtar Technologies lagged returns against current returns
Autocorrelation, which is Mtar Technologies 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 Mtar Technologies' stock expected returns. We can calculate the autocorrelation of Mtar Technologies returns to help us make a trade decision. For example, suppose you find that Mtar Technologies 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 |
Mtar Technologies 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 Mtar Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mtar Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mtar Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Mtar Technologies Lagged Returns
When evaluating Mtar Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mtar Technologies stock have on its future price. Mtar Technologies 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, Mtar Technologies autocorrelation shows the relationship between Mtar Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Mtar Technologies 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 Mtar Stock
Mtar Technologies financial ratios help investors to determine whether Mtar 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 Mtar with respect to the benefits of owning Mtar Technologies security.