Nahar Industrial (India) Market Value
| NAHARINDUS | 132.25 0.64 0.49% |
| Symbol | Nahar |
Nahar Industrial '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 Nahar Industrial'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 Nahar Industrial.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in Nahar Industrial on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding Nahar Industrial Enterprises or generate 0.0% return on investment in Nahar Industrial over 90 days. Nahar Industrial is related to or competes with Vodafone Idea, Yes Bank, Indian Overseas, Indian Oil, and Suzlon Energy. Nahar Industrial is entity of India. It is traded as Stock on NSE exchange. More
Nahar Industrial 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 Nahar Industrial'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 Nahar Industrial Enterprises upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 7.73 | |||
| Value At Risk | (4.01) | |||
| Potential Upside | 2.36 |
Nahar Industrial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nahar Industrial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nahar Industrial's standard deviation. In reality, there are many statistical measures that can use Nahar Industrial historical prices to predict the future Nahar Industrial's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (0.53) | |||
| Treynor Ratio | (9.09) |
Nahar Industrial Ent Backtested Returns
Nahar Industrial Ent has Sharpe Ratio of -0.16, which conveys that the firm had a -0.16% return per unit of risk over the last 3 months. Nahar Industrial exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nahar Industrial's Mean Deviation of 1.45, risk adjusted performance of (0.09), and Standard Deviation of 1.82 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.0269, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nahar Industrial's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nahar Industrial is expected to be smaller as well. At this point, Nahar Industrial Ent has a negative expected return of -0.29%. Please make sure to verify Nahar Industrial's value at risk, as well as the relationship between the daily balance of power and price action indicator , to decide if Nahar Industrial Ent performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.70 |
Good predictability
Nahar Industrial Enterprises has good predictability. Overlapping area represents the amount of predictability between Nahar Industrial time series from 28th of August 2024 to 12th of October 2024 and 12th of October 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 Nahar Industrial Ent price movement. The serial correlation of 0.7 indicates that around 70.0% of current Nahar Industrial price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | 0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 22.42 |
Nahar Industrial Ent lagged returns against current returns
Autocorrelation, which is Nahar Industrial 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 Nahar Industrial's stock expected returns. We can calculate the autocorrelation of Nahar Industrial returns to help us make a trade decision. For example, suppose you find that Nahar Industrial 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 |
Nahar Industrial 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 Nahar Industrial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nahar Industrial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nahar Industrial stock over time.
Current vs Lagged Prices |
| Timeline |
Nahar Industrial Lagged Returns
When evaluating Nahar Industrial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nahar Industrial stock have on its future price. Nahar Industrial 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, Nahar Industrial autocorrelation shows the relationship between Nahar Industrial stock current value and its past values and can show if there is a momentum factor associated with investing in Nahar Industrial Enterprises.
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 Nahar Stock
Nahar Industrial financial ratios help investors to determine whether Nahar 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 Nahar with respect to the benefits of owning Nahar Industrial security.