NMDC Steel (India) Market Value
| NSLNISP Stock | 44.79 0.77 1.75% |
| Symbol | NMDC |
NMDC 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 NMDC 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 NMDC Steel.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in NMDC Steel on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding NMDC Steel Limited or generate 0.0% return on investment in NMDC Steel over 30 days. NMDC Steel is related to or competes with Privi Speciality, Himadri Speciality, Pondy Oxides, Gujarat Fluorochemicals, Varun Beverages, One 97, and Sudarshan Chemical. NMDC Steel is entity of India. It is traded as Stock on NSE exchange. More
NMDC 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 NMDC 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 NMDC Steel Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 9.48 | |||
| Value At Risk | (3.21) | |||
| Potential Upside | 2.83 |
NMDC Steel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NMDC Steel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NMDC Steel's standard deviation. In reality, there are many statistical measures that can use NMDC Steel historical prices to predict the future NMDC Steel's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.32) | |||
| Total Risk Alpha | (0.56) | |||
| Treynor Ratio | (1.55) |
NMDC Steel Limited Backtested Returns
NMDC Steel Limited has Sharpe Ratio of -0.17, which conveys that the firm had a -0.17% return per unit of risk over the last 3 months. NMDC Steel exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NMDC Steel's risk adjusted performance of (0.11), and Mean Deviation of 1.42 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.2, which conveys not very significant fluctuations relative to the market. As returns on the market increase, NMDC Steel's returns are expected to increase less than the market. However, during the bear market, the loss of holding NMDC Steel is expected to be smaller as well. At this point, NMDC Steel Limited has a negative expected return of -0.32%. Please make sure to verify NMDC Steel's treynor ratio, as well as the relationship between the kurtosis and day typical price , to decide if NMDC Steel Limited performance from the past will be repeated in the future.
Auto-correlation | -0.56 |
Good reverse predictability
NMDC Steel Limited has good reverse predictability. Overlapping area represents the amount of predictability between NMDC Steel time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 NMDC Steel Limited price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current NMDC Steel price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.56 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 3.84 |
NMDC Steel Limited lagged returns against current returns
Autocorrelation, which is NMDC 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 NMDC Steel's stock expected returns. We can calculate the autocorrelation of NMDC Steel returns to help us make a trade decision. For example, suppose you find that NMDC 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 |
NMDC 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 NMDC Steel stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NMDC Steel stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NMDC Steel stock over time.
Current vs Lagged Prices |
| Timeline |
NMDC Steel Lagged Returns
When evaluating NMDC Steel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NMDC Steel stock have on its future price. NMDC 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, NMDC Steel autocorrelation shows the relationship between NMDC Steel stock current value and its past values and can show if there is a momentum factor associated with investing in NMDC Steel 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.Additional Tools for NMDC Stock Analysis
When running NMDC Steel's price analysis, check to measure NMDC 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 NMDC Steel is operating at the current time. Most of NMDC Steel's value examination focuses on studying past and present price action to predict the probability of NMDC 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 NMDC Steel's price. Additionally, you may evaluate how the addition of NMDC Steel to your portfolios can decrease your overall portfolio volatility.