Sandhar Technologies' market value is the price at which a share of Sandhar Technologies trades on a public exchange. It measures the collective expectations of Sandhar Technologies Limited investors about its performance. Sandhar Technologies is selling at 472.85 as of the 13th of January 2025; that is 2.21 percent decrease since the beginning of the trading day. The stock's lowest day price was 469.0. With this module, you can estimate the performance of a buy and hold strategy of Sandhar Technologies Limited and determine expected loss or profit from investing in Sandhar Technologies over a given investment horizon. Check out Sandhar Technologies Correlation, Sandhar Technologies Volatility and Sandhar Technologies Alpha and Beta module to complement your research on Sandhar Technologies.
Please note, there is a significant difference between Sandhar Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Sandhar Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sandhar Technologies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Sandhar Technologies '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 Sandhar Technologies' 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 Sandhar Technologies.
0.00
12/14/2024
No Change 0.00
0.0
In 30 days
01/13/2025
0.00
If you would invest 0.00 in Sandhar Technologies on December 14, 2024 and sell it all today you would earn a total of 0.00 from holding Sandhar Technologies Limited or generate 0.0% return on investment in Sandhar Technologies over 30 days. Sandhar Technologies is related to or competes with TECIL Chemicals, Krebs Biochemicals, Agro Tech, Patanjali Foods, LT Foods, Hindware Home, and Neogen Chemicals. Sandhar Technologies is entity of India. It is traded as Stock on NSE exchange. More
Sandhar Technologies 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 Sandhar Technologies' 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 Sandhar Technologies Limited upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sandhar Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sandhar Technologies' standard deviation. In reality, there are many statistical measures that can use Sandhar Technologies historical prices to predict the future Sandhar Technologies' volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Sandhar Technologies. Your research has to be compared to or analyzed against Sandhar Technologies' peers to derive any actionable benefits. When done correctly, Sandhar Technologies' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Sandhar Technologies.
Sandhar Technologies Backtested Returns
Sandhar Technologies owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.12, which indicates the firm had a -0.12% return per unit of risk over the last 3 months. Sandhar Technologies Limited exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sandhar Technologies' Risk Adjusted Performance of (0.06), variance of 5.75, and Coefficient Of Variation of (1,174) to confirm the risk estimate we provide. The entity has a beta of 0.78, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Sandhar Technologies' returns are expected to increase less than the market. However, during the bear market, the loss of holding Sandhar Technologies is expected to be smaller as well. At this point, Sandhar Technologies has a negative expected return of -0.27%. Please make sure to validate Sandhar Technologies' skewness, as well as the relationship between the rate of daily change and price action indicator , to decide if Sandhar Technologies performance from the past will be repeated at some point in the near future.
Auto-correlation
0.80
Very good predictability
Sandhar Technologies Limited has very good predictability. Overlapping area represents the amount of predictability between Sandhar Technologies time series from 14th of December 2024 to 29th of December 2024 and 29th of December 2024 to 13th 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 Sandhar Technologies price movement. The serial correlation of 0.8 indicates that around 80.0% of current Sandhar Technologies price fluctuation can be explain by its past prices.
Correlation Coefficient
0.8
Spearman Rank Test
0.77
Residual Average
0.0
Price Variance
250.47
Sandhar Technologies lagged returns against current returns
Autocorrelation, which is Sandhar Technologies 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 Sandhar Technologies' stock expected returns. We can calculate the autocorrelation of Sandhar Technologies returns to help us make a trade decision. For example, suppose you find that Sandhar Technologies 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
Sandhar Technologies 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 Sandhar Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sandhar Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sandhar Technologies stock over time.
Current vs Lagged Prices
Timeline
Sandhar Technologies Lagged Returns
When evaluating Sandhar Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sandhar Technologies stock have on its future price. Sandhar Technologies 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, Sandhar Technologies autocorrelation shows the relationship between Sandhar Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Sandhar Technologies 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.
When running Sandhar Technologies' price analysis, check to measure Sandhar Technologies' 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 Sandhar Technologies is operating at the current time. Most of Sandhar Technologies' value examination focuses on studying past and present price action to predict the probability of Sandhar Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sandhar Technologies' price. Additionally, you may evaluate how the addition of Sandhar Technologies to your portfolios can decrease your overall portfolio volatility.