Paradeep Phosphates (India) Market Value
| PARADEEP | 105.12 0.51 0.49% |
| Symbol | Paradeep |
Paradeep Phosphates '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 Paradeep Phosphates' 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 Paradeep Phosphates.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Paradeep Phosphates on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Paradeep Phosphates Limited or generate 0.0% return on investment in Paradeep Phosphates over 30 days. Paradeep Phosphates is related to or competes with Welspun Investments, Sapphire Foods, Dhampur Bio, Investment Trust, Tata InvestmentLimite, Foods Inns, and Parag Milk. Paradeep Phosphates is entity of India. It is traded as Stock on NSE exchange. More
Paradeep Phosphates 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 Paradeep Phosphates' 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 Paradeep Phosphates Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.41 | |||
| Information Ratio | 0.0762 | |||
| Maximum Drawdown | 13.37 | |||
| Value At Risk | (4.07) | |||
| Potential Upside | 5.55 |
Paradeep Phosphates Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Paradeep Phosphates' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Paradeep Phosphates' standard deviation. In reality, there are many statistical measures that can use Paradeep Phosphates historical prices to predict the future Paradeep Phosphates' volatility.| Risk Adjusted Performance | 0.0994 | |||
| Jensen Alpha | 0.2991 | |||
| Total Risk Alpha | (0.1) | |||
| Sortino Ratio | 0.0901 | |||
| Treynor Ratio | 1.14 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Paradeep Phosphates' 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.
Paradeep Phosphates Backtested Returns
Paradeep Phosphates appears to be very steady, given 3 months investment horizon. Paradeep Phosphates maintains Sharpe Ratio (i.e., Efficiency) of 0.15, which implies the firm had a 0.15% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Paradeep Phosphates, which you can use to evaluate the volatility of the company. Please evaluate Paradeep Phosphates' Risk Adjusted Performance of 0.0994, semi deviation of 2.19, and Coefficient Of Variation of 832.36 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Paradeep Phosphates holds a performance score of 11. The company holds a Beta of 0.29, which implies not very significant fluctuations relative to the market. As returns on the market increase, Paradeep Phosphates' returns are expected to increase less than the market. However, during the bear market, the loss of holding Paradeep Phosphates is expected to be smaller as well. Please check Paradeep Phosphates' skewness, day typical price, and the relationship between the downside variance and daily balance of power , to make a quick decision on whether Paradeep Phosphates' historical price patterns will revert.
Auto-correlation | -0.08 |
Very weak reverse predictability
Paradeep Phosphates Limited has very weak reverse predictability. Overlapping area represents the amount of predictability between Paradeep Phosphates time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Paradeep Phosphates price movement. The serial correlation of -0.08 indicates that barely 8.0% of current Paradeep Phosphates price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | -0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 1.01 |
Paradeep Phosphates lagged returns against current returns
Autocorrelation, which is Paradeep Phosphates 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 Paradeep Phosphates' stock expected returns. We can calculate the autocorrelation of Paradeep Phosphates returns to help us make a trade decision. For example, suppose you find that Paradeep Phosphates 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 |
Paradeep Phosphates 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 Paradeep Phosphates stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Paradeep Phosphates stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Paradeep Phosphates stock over time.
Current vs Lagged Prices |
| Timeline |
Paradeep Phosphates Lagged Returns
When evaluating Paradeep Phosphates' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Paradeep Phosphates stock have on its future price. Paradeep Phosphates 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, Paradeep Phosphates autocorrelation shows the relationship between Paradeep Phosphates stock current value and its past values and can show if there is a momentum factor associated with investing in Paradeep Phosphates 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 Paradeep Stock
Paradeep Phosphates financial ratios help investors to determine whether Paradeep 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 Paradeep with respect to the benefits of owning Paradeep Phosphates security.