Navin Fluorine (India) Market Value
| NAVINFLUOR | 3,469 29.95 0.86% |
| Symbol | Navin |
Navin Fluorine '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 Navin Fluorine'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 Navin Fluorine.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Navin Fluorine on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Navin Fluorine International or generate 0.0% return on investment in Navin Fluorine over 30 days. Navin Fluorine is related to or competes with Aban Offshore, Cantabil Retail, Praxis Home, Osia Hyper, Hexa Tradex, V Mart, and Par Drugs. Navin Fluorine is entity of India. It is traded as Stock on NSE exchange. More
Navin Fluorine 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 Navin Fluorine'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 Navin Fluorine International upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.92 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 8.71 | |||
| Value At Risk | (3.22) | |||
| Potential Upside | 3.13 |
Navin Fluorine Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Navin Fluorine's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Navin Fluorine's standard deviation. In reality, there are many statistical measures that can use Navin Fluorine historical prices to predict the future Navin Fluorine's volatility.| Risk Adjusted Performance | 0.0441 | |||
| Jensen Alpha | 0.0771 | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 1.99 |
Navin Fluorine Inter Backtested Returns
As of now, Navin Stock is very steady. Navin Fluorine Inter has Sharpe Ratio of 0.054, which conveys that the firm had a 0.054% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Navin Fluorine, which you can use to evaluate the volatility of the firm. Please verify Navin Fluorine's Risk Adjusted Performance of 0.0441, downside deviation of 1.92, and Mean Deviation of 1.4 to check out if the risk estimate we provide is consistent with the expected return of 0.1%. Navin Fluorine has a performance score of 4 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.0412, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Navin Fluorine's returns are expected to increase less than the market. However, during the bear market, the loss of holding Navin Fluorine is expected to be smaller as well. Navin Fluorine Inter right now secures a risk of 1.9%. Please verify Navin Fluorine International downside variance, as well as the relationship between the accumulation distribution and market facilitation index , to decide if Navin Fluorine International will be following its current price movements.
Auto-correlation | 0.74 |
Good predictability
Navin Fluorine International has good predictability. Overlapping area represents the amount of predictability between Navin Fluorine time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Navin Fluorine Inter price movement. The serial correlation of 0.74 indicates that around 74.0% of current Navin Fluorine price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.74 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 7523.74 |
Navin Fluorine Inter lagged returns against current returns
Autocorrelation, which is Navin Fluorine 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 Navin Fluorine's stock expected returns. We can calculate the autocorrelation of Navin Fluorine returns to help us make a trade decision. For example, suppose you find that Navin Fluorine 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 |
Navin Fluorine 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 Navin Fluorine stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Navin Fluorine stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Navin Fluorine stock over time.
Current vs Lagged Prices |
| Timeline |
Navin Fluorine Lagged Returns
When evaluating Navin Fluorine's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Navin Fluorine stock have on its future price. Navin Fluorine 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, Navin Fluorine autocorrelation shows the relationship between Navin Fluorine stock current value and its past values and can show if there is a momentum factor associated with investing in Navin Fluorine International.
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 Navin Stock
Navin Fluorine financial ratios help investors to determine whether Navin 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 Navin with respect to the benefits of owning Navin Fluorine security.