Salzer Electronics (India) Market Value
SALZERELEC | 1,012 22.40 2.26% |
Symbol | Salzer |
Salzer Electronics '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 Salzer Electronics' 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 Salzer Electronics.
12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Salzer Electronics on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Salzer Electronics Limited or generate 0.0% return on investment in Salzer Electronics over 720 days. Salzer Electronics is related to or competes with Reliance Industries, Life Insurance, Indian Oil, and Oil Natural. Salzer Electronics is entity of India. It is traded as Stock on NSE exchange. More
Salzer Electronics 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 Salzer Electronics' 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 Salzer Electronics Limited upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 2.82 | |||
Information Ratio | (0.01) | |||
Maximum Drawdown | 16.91 | |||
Value At Risk | (5.28) | |||
Potential Upside | 6.23 |
Salzer Electronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Salzer Electronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Salzer Electronics' standard deviation. In reality, there are many statistical measures that can use Salzer Electronics historical prices to predict the future Salzer Electronics' volatility.Risk Adjusted Performance | 0.0227 | |||
Jensen Alpha | 0.089 | |||
Total Risk Alpha | (0.37) | |||
Sortino Ratio | (0.02) | |||
Treynor Ratio | (0.16) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Salzer Electronics' 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.
Salzer Electronics Backtested Returns
Salzer Electronics owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0249, which indicates the firm had a -0.0249% return per unit of risk over the last 3 months. Salzer Electronics Limited exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Salzer Electronics' Risk Adjusted Performance of 0.0227, coefficient of variation of 5066.11, and Semi Deviation of 2.61 to confirm the risk estimate we provide. The entity has a beta of -0.34, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Salzer Electronics are expected to decrease at a much lower rate. During the bear market, Salzer Electronics is likely to outperform the market. At this point, Salzer Electronics has a negative expected return of -0.0778%. Please make sure to validate Salzer Electronics' expected short fall, and the relationship between the maximum drawdown and rate of daily change , to decide if Salzer Electronics performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.80 |
Very good predictability
Salzer Electronics Limited has very good predictability. Overlapping area represents the amount of predictability between Salzer Electronics time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 Salzer Electronics price movement. The serial correlation of 0.8 indicates that around 80.0% of current Salzer Electronics price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.8 | |
Spearman Rank Test | 0.84 | |
Residual Average | 0.0 | |
Price Variance | 50.2 K |
Salzer Electronics lagged returns against current returns
Autocorrelation, which is Salzer Electronics 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 Salzer Electronics' stock expected returns. We can calculate the autocorrelation of Salzer Electronics returns to help us make a trade decision. For example, suppose you find that Salzer Electronics 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 |
Salzer Electronics 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 Salzer Electronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Salzer Electronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Salzer Electronics stock over time.
Current vs Lagged Prices |
Timeline |
Salzer Electronics Lagged Returns
When evaluating Salzer Electronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Salzer Electronics stock have on its future price. Salzer Electronics 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, Salzer Electronics autocorrelation shows the relationship between Salzer Electronics stock current value and its past values and can show if there is a momentum factor associated with investing in Salzer Electronics 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 Salzer Stock
Salzer Electronics financial ratios help investors to determine whether Salzer 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 Salzer with respect to the benefits of owning Salzer Electronics security.