Sanginita Chemicals (India) Market Value
| SANGINITA | 15.15 0.46 2.95% |
| Symbol | Sanginita |
Sanginita Chemicals '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 Sanginita Chemicals' 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 Sanginita Chemicals.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Sanginita Chemicals on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Sanginita Chemicals Limited or generate 0.0% return on investment in Sanginita Chemicals over 30 days. Sanginita Chemicals is related to or competes with V2 Retail, SANOFI S, Global Health, Bajaj Healthcare, Healthcare Global, Sri Havisha, and Hexa Tradex. Sanginita Chemicals is entity of India. It is traded as Stock on NSE exchange. More
Sanginita Chemicals 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 Sanginita Chemicals' 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 Sanginita Chemicals Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 16.95 | |||
| Value At Risk | (3.57) | |||
| Potential Upside | 3.04 |
Sanginita Chemicals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sanginita Chemicals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sanginita Chemicals' standard deviation. In reality, there are many statistical measures that can use Sanginita Chemicals historical prices to predict the future Sanginita Chemicals' volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.38) | |||
| Treynor Ratio | 0.1869 |
Sanginita Chemicals Backtested Returns
Sanginita Chemicals owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0457, which indicates the firm had a -0.0457% return per unit of risk over the last 3 months. Sanginita Chemicals Limited exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sanginita Chemicals' Variance of 5.38, coefficient of variation of (3,334), and Risk Adjusted Performance of (0.02) to confirm the risk estimate we provide. The entity has a beta of -0.43, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Sanginita Chemicals are expected to decrease at a much lower rate. During the bear market, Sanginita Chemicals is likely to outperform the market. At this point, Sanginita Chemicals has a negative expected return of -0.11%. Please make sure to validate Sanginita Chemicals' skewness, as well as the relationship between the rate of daily change and price action indicator , to decide if Sanginita Chemicals performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.13 |
Insignificant reverse predictability
Sanginita Chemicals Limited has insignificant reverse predictability. Overlapping area represents the amount of predictability between Sanginita Chemicals time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 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 Sanginita Chemicals price movement. The serial correlation of -0.13 indicates that less than 13.0% of current Sanginita Chemicals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Sanginita Chemicals lagged returns against current returns
Autocorrelation, which is Sanginita Chemicals 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 Sanginita Chemicals' stock expected returns. We can calculate the autocorrelation of Sanginita Chemicals returns to help us make a trade decision. For example, suppose you find that Sanginita Chemicals 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 |
Sanginita Chemicals 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 Sanginita Chemicals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sanginita Chemicals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sanginita Chemicals stock over time.
Current vs Lagged Prices |
| Timeline |
Sanginita Chemicals Lagged Returns
When evaluating Sanginita Chemicals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sanginita Chemicals stock have on its future price. Sanginita Chemicals 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, Sanginita Chemicals autocorrelation shows the relationship between Sanginita Chemicals stock current value and its past values and can show if there is a momentum factor associated with investing in Sanginita Chemicals 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 Sanginita Stock
Sanginita Chemicals financial ratios help investors to determine whether Sanginita 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 Sanginita with respect to the benefits of owning Sanginita Chemicals security.