Parag Milk (India) Market Value
| PARAGMILK | 207.27 5.25 2.60% |
| Symbol | Parag |
Parag Milk '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 Parag Milk'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 Parag Milk.
| 09/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Parag Milk on September 27, 2024 and sell it all today you would earn a total of 0.00 from holding Parag Milk Foods or generate 0.0% return on investment in Parag Milk over 60 days. Parag Milk is related to or competes with Reliance Industries, State Bank, HDFC Bank, Oil Natural, Coal India, and Tata Consultancy. Parag Milk is entity of India. It is traded as Stock on NSE exchange. More
Parag Milk 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 Parag Milk'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 Parag Milk Foods upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.66 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 12.83 | |||
| Value At Risk | (4.75) | |||
| Potential Upside | 5.3 |
Parag Milk Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Parag Milk's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Parag Milk's standard deviation. In reality, there are many statistical measures that can use Parag Milk historical prices to predict the future Parag Milk's volatility.| Risk Adjusted Performance | 0.0264 | |||
| Jensen Alpha | 0.0342 | |||
| Total Risk Alpha | (0.38) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.2704 |
Parag Milk Foods Backtested Returns
Parag Milk is very steady at the moment. Parag Milk Foods maintains Sharpe Ratio (i.e., Efficiency) of 0.0351, which implies the firm had a 0.0351% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Parag Milk Foods, which you can use to evaluate the volatility of the company. Please check Parag Milk's Coefficient Of Variation of 3996.77, semi deviation of 2.53, and Risk Adjusted Performance of 0.0264 to confirm if the risk estimate we provide is consistent with the expected return of 0.1%. Parag Milk has a performance score of 2 on a scale of 0 to 100. The company holds a Beta of 0.23, which implies not very significant fluctuations relative to the market. As returns on the market increase, Parag Milk's returns are expected to increase less than the market. However, during the bear market, the loss of holding Parag Milk is expected to be smaller as well. Parag Milk Foods right now holds a risk of 2.89%. Please check Parag Milk Foods maximum drawdown, skewness, day typical price, as well as the relationship between the downside variance and daily balance of power , to decide if Parag Milk Foods will be following its historical price patterns.
Auto-correlation | 0.70 |
Good predictability
Parag Milk Foods has good predictability. Overlapping area represents the amount of predictability between Parag Milk time series from 27th of September 2024 to 27th of October 2024 and 27th 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 Parag Milk Foods price movement. The serial correlation of 0.7 indicates that around 70.0% of current Parag Milk price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | 0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 45.29 |
Parag Milk Foods lagged returns against current returns
Autocorrelation, which is Parag Milk 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 Parag Milk's stock expected returns. We can calculate the autocorrelation of Parag Milk returns to help us make a trade decision. For example, suppose you find that Parag Milk 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 |
Parag Milk 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 Parag Milk stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Parag Milk stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Parag Milk stock over time.
Current vs Lagged Prices |
| Timeline |
Parag Milk Lagged Returns
When evaluating Parag Milk's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Parag Milk stock have on its future price. Parag Milk 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, Parag Milk autocorrelation shows the relationship between Parag Milk stock current value and its past values and can show if there is a momentum factor associated with investing in Parag Milk Foods.
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 Parag Stock
Parag Milk financial ratios help investors to determine whether Parag 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 Parag with respect to the benefits of owning Parag Milk security.