RHI MAGNESITA (India) Market Value
| RHIM Stock | 549.95 1.60 0.29% |
| Symbol | RHI |
RHI MAGNESITA '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 RHI MAGNESITA'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 RHI MAGNESITA.
| 12/29/2022 |
| 12/18/2024 |
If you would invest 0.00 in RHI MAGNESITA on December 29, 2022 and sell it all today you would earn a total of 0.00 from holding RHI MAGNESITA INDIA or generate 0.0% return on investment in RHI MAGNESITA over 720 days. RHI MAGNESITA is related to or competes with State Bank, Life Insurance, HDFC Bank, ICICI Bank, and Reliance Industries. RHI MAGNESITA is entity of India. It is traded as Stock on NSE exchange. More
RHI MAGNESITA 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 RHI MAGNESITA'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 RHI MAGNESITA INDIA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 9.12 | |||
| Value At Risk | (3.10) | |||
| Potential Upside | 3.87 |
RHI MAGNESITA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for RHI MAGNESITA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as RHI MAGNESITA's standard deviation. In reality, there are many statistical measures that can use RHI MAGNESITA historical prices to predict the future RHI MAGNESITA's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | (0.16) |
RHI MAGNESITA INDIA Backtested Returns
RHI MAGNESITA INDIA maintains Sharpe Ratio (i.e., Efficiency) of -0.0472, which implies the firm had a -0.0472% return per unit of volatility over the last 3 months. RHI MAGNESITA INDIA exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check RHI MAGNESITA's risk adjusted performance of (0.02), and Coefficient Of Variation of (3,734) to confirm the risk estimate we provide. The company holds a Beta of 0.4, which implies possible diversification benefits within a given portfolio. As returns on the market increase, RHI MAGNESITA's returns are expected to increase less than the market. However, during the bear market, the loss of holding RHI MAGNESITA is expected to be smaller as well. At this point, RHI MAGNESITA INDIA has a negative expected return of -0.0935%. Please make sure to check RHI MAGNESITA's treynor ratio, potential upside, and the relationship between the total risk alpha and maximum drawdown , to decide if RHI MAGNESITA INDIA performance from the past will be repeated at future time.
Auto-correlation | 0.51 |
Modest predictability
RHI MAGNESITA INDIA has modest predictability. Overlapping area represents the amount of predictability between RHI MAGNESITA time series from 29th of December 2022 to 24th of December 2023 and 24th of December 2023 to 18th of December 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 RHI MAGNESITA INDIA price movement. The serial correlation of 0.51 indicates that about 51.0% of current RHI MAGNESITA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 4415.55 |
RHI MAGNESITA INDIA lagged returns against current returns
Autocorrelation, which is RHI MAGNESITA 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 RHI MAGNESITA's stock expected returns. We can calculate the autocorrelation of RHI MAGNESITA returns to help us make a trade decision. For example, suppose you find that RHI MAGNESITA 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 |
RHI MAGNESITA 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 RHI MAGNESITA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if RHI MAGNESITA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in RHI MAGNESITA stock over time.
Current vs Lagged Prices |
| Timeline |
RHI MAGNESITA Lagged Returns
When evaluating RHI MAGNESITA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of RHI MAGNESITA stock have on its future price. RHI MAGNESITA 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, RHI MAGNESITA autocorrelation shows the relationship between RHI MAGNESITA stock current value and its past values and can show if there is a momentum factor associated with investing in RHI MAGNESITA INDIA.
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 RHI Stock Analysis
When running RHI MAGNESITA's price analysis, check to measure RHI MAGNESITA'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 RHI MAGNESITA is operating at the current time. Most of RHI MAGNESITA's value examination focuses on studying past and present price action to predict the probability of RHI MAGNESITA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move RHI MAGNESITA's price. Additionally, you may evaluate how the addition of RHI MAGNESITA to your portfolios can decrease your overall portfolio volatility.