SAL Steel (India) Market Value
| SALSTEEL | 21.43 0.38 1.74% |
| Symbol | SAL |
SAL Steel '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 SAL Steel'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 SAL Steel.
| 12/19/2024 |
| 01/18/2025 |
If you would invest 0.00 in SAL Steel on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding SAL Steel Limited or generate 0.0% return on investment in SAL Steel over 30 days. SAL Steel is related to or competes with Mangalam Drugs, Rajnandini Metal, Nahar Industrial, Indian Metals, Ratnamani Metals, and Shyam Metalics. SAL Steel is entity of India. It is traded as Stock on NSE exchange. More
SAL Steel 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 SAL Steel'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 SAL Steel Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 16.54 | |||
| Value At Risk | (4.13) | |||
| Potential Upside | 5.56 |
SAL Steel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SAL Steel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SAL Steel's standard deviation. In reality, there are many statistical measures that can use SAL Steel historical prices to predict the future SAL Steel's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.29) | |||
| Total Risk Alpha | (0.36) | |||
| Treynor Ratio | (1.44) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of SAL Steel's 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.
SAL Steel Limited Backtested Returns
SAL Steel Limited owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0811, which indicates the company had a -0.0811% return per unit of volatility over the last 3 months. SAL Steel Limited exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SAL Steel's Risk Adjusted Performance of (0.07), standard deviation of 3.07, and Market Risk Adjusted Performance of (1.43) to confirm the risk estimate we provide. The firm has a beta of 0.2, which indicates not very significant fluctuations relative to the market. As returns on the market increase, SAL Steel's returns are expected to increase less than the market. However, during the bear market, the loss of holding SAL Steel is expected to be smaller as well. At this point, SAL Steel Limited has a negative expected return of -0.25%. Please make sure to validate SAL Steel's total risk alpha, kurtosis, as well as the relationship between the Kurtosis and market facilitation index , to decide if SAL Steel Limited performance from the past will be repeated in the future.
Auto-correlation | 0.55 |
Modest predictability
SAL Steel Limited has modest predictability. Overlapping area represents the amount of predictability between SAL Steel time series from 19th of December 2024 to 3rd of January 2025 and 3rd of January 2025 to 18th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of SAL Steel Limited price movement. The serial correlation of 0.55 indicates that about 55.0% of current SAL Steel price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.55 | |
| Spearman Rank Test | 0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 1.08 |
SAL Steel Limited lagged returns against current returns
Autocorrelation, which is SAL Steel 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 SAL Steel's stock expected returns. We can calculate the autocorrelation of SAL Steel returns to help us make a trade decision. For example, suppose you find that SAL Steel 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 |
SAL Steel 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 SAL Steel stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SAL Steel stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SAL Steel stock over time.
Current vs Lagged Prices |
| Timeline |
SAL Steel Lagged Returns
When evaluating SAL Steel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SAL Steel stock have on its future price. SAL Steel 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, SAL Steel autocorrelation shows the relationship between SAL Steel stock current value and its past values and can show if there is a momentum factor associated with investing in SAL Steel Limited.
Regressed Prices |
| Timeline |
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Other Information on Investing in SAL Stock
SAL Steel financial ratios help investors to determine whether SAL 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 SAL with respect to the benefits of owning SAL Steel security.