Orient Cement (India) Market Value
| ORIENTCEM | 330.25 6.30 1.94% |
| Symbol | Orient |
Orient Cement '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 Orient Cement'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 Orient Cement.
| 12/01/2023 |
| 11/25/2024 |
If you would invest 0.00 in Orient Cement on December 1, 2023 and sell it all today you would earn a total of 0.00 from holding Orient Cement Limited or generate 0.0% return on investment in Orient Cement over 360 days. Orient Cement is related to or competes with NMDC, Steel Authority, Embassy Office, Gujarat Narmada, Gujarat Alkalies, Indian Metals, and JTL Industries. Orient Cement is entity of India. It is traded as Stock on NSE exchange. More
Orient Cement 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 Orient Cement'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 Orient Cement Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.57 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 13.35 | |||
| Value At Risk | (4.11) | |||
| Potential Upside | 6.24 |
Orient Cement Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Orient Cement's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Orient Cement's standard deviation. In reality, there are many statistical measures that can use Orient Cement historical prices to predict the future Orient Cement's volatility.| Risk Adjusted Performance | 0.0223 | |||
| Jensen Alpha | 0.094 | |||
| Total Risk Alpha | (0.43) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (0.13) |
Orient Cement Limited Backtested Returns
Orient Cement appears to be very steady, given 3 months investment horizon. Orient Cement Limited maintains Sharpe Ratio (i.e., Efficiency) of 0.067, which implies the firm had a 0.067% return per unit of risk over the last 3 months. We have found thirty technical indicators for Orient Cement Limited, which you can use to evaluate the volatility of the company. Please evaluate Orient Cement's Coefficient Of Variation of 5164.02, risk adjusted performance of 0.0223, and Semi Deviation of 2.45 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Orient Cement holds a performance score of 5. The company holds a Beta of -0.37, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Orient Cement are expected to decrease at a much lower rate. During the bear market, Orient Cement is likely to outperform the market. Please check Orient Cement's downside variance, and the relationship between the sortino ratio and accumulation distribution , to make a quick decision on whether Orient Cement's historical price patterns will revert.
Auto-correlation | -0.02 |
Very weak reverse predictability
Orient Cement Limited has very weak reverse predictability. Overlapping area represents the amount of predictability between Orient Cement time series from 1st of December 2023 to 29th of May 2024 and 29th of May 2024 to 25th 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 Orient Cement Limited price movement. The serial correlation of -0.02 indicates that only 2.0% of current Orient Cement price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 1704.54 |
Orient Cement Limited lagged returns against current returns
Autocorrelation, which is Orient Cement 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 Orient Cement's stock expected returns. We can calculate the autocorrelation of Orient Cement returns to help us make a trade decision. For example, suppose you find that Orient Cement 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 |
Orient Cement 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 Orient Cement stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Orient Cement stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Orient Cement stock over time.
Current vs Lagged Prices |
| Timeline |
Orient Cement Lagged Returns
When evaluating Orient Cement's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Orient Cement stock have on its future price. Orient Cement 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, Orient Cement autocorrelation shows the relationship between Orient Cement stock current value and its past values and can show if there is a momentum factor associated with investing in Orient Cement Limited.
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 Orient Stock
Orient Cement financial ratios help investors to determine whether Orient 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 Orient with respect to the benefits of owning Orient Cement security.