Radiant Cash (India) Market Value
| RADIANTCMS | 78.73 1.93 2.51% |
| Symbol | Radiant |
Radiant Cash '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 Radiant Cash'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 Radiant Cash.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Radiant Cash on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Radiant Cash Management or generate 0.0% return on investment in Radiant Cash over 30 days. Radiant Cash is related to or competes with HMT, KIOCL, Punjab Sind, ITI, and Raj Rayon. Radiant Cash is entity of India. It is traded as Stock on NSE exchange. More
Radiant Cash 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 Radiant Cash'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 Radiant Cash Management upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 8.09 | |||
| Value At Risk | (2.21) | |||
| Potential Upside | 2.51 |
Radiant Cash Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Radiant Cash's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Radiant Cash's standard deviation. In reality, there are many statistical measures that can use Radiant Cash historical prices to predict the future Radiant Cash's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.38) | |||
| Treynor Ratio | (0.76) |
Radiant Cash Management Backtested Returns
Radiant Cash Management maintains Sharpe Ratio (i.e., Efficiency) of -0.0276, which implies the firm had a -0.0276% return per unit of risk over the last 3 months. Radiant Cash Management exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Radiant Cash's Variance of 2.45, risk adjusted performance of (0.05), and Coefficient Of Variation of (1,498) to confirm the risk estimate we provide. The company holds a Beta of 0.15, which implies not very significant fluctuations relative to the market. As returns on the market increase, Radiant Cash's returns are expected to increase less than the market. However, during the bear market, the loss of holding Radiant Cash is expected to be smaller as well. At this point, Radiant Cash Management has a negative expected return of -0.0415%. Please make sure to check Radiant Cash's value at risk, accumulation distribution, and the relationship between the treynor ratio and skewness , to decide if Radiant Cash Management performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.61 |
Very good reverse predictability
Radiant Cash Management has very good reverse predictability. Overlapping area represents the amount of predictability between Radiant Cash time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Radiant Cash Management price movement. The serial correlation of -0.61 indicates that roughly 61.0% of current Radiant Cash price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.61 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 3.44 |
Radiant Cash Management lagged returns against current returns
Autocorrelation, which is Radiant Cash 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 Radiant Cash's stock expected returns. We can calculate the autocorrelation of Radiant Cash returns to help us make a trade decision. For example, suppose you find that Radiant Cash 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 |
Radiant Cash 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 Radiant Cash stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Radiant Cash stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Radiant Cash stock over time.
Current vs Lagged Prices |
| Timeline |
Radiant Cash Lagged Returns
When evaluating Radiant Cash's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Radiant Cash stock have on its future price. Radiant Cash 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, Radiant Cash autocorrelation shows the relationship between Radiant Cash stock current value and its past values and can show if there is a momentum factor associated with investing in Radiant Cash Management.
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 Radiant Stock Analysis
When running Radiant Cash's price analysis, check to measure Radiant Cash'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 Radiant Cash is operating at the current time. Most of Radiant Cash's value examination focuses on studying past and present price action to predict the probability of Radiant Cash's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Radiant Cash's price. Additionally, you may evaluate how the addition of Radiant Cash to your portfolios can decrease your overall portfolio volatility.