Shivalik Bimetal (India) Market Value
| SBCL Stock | 567.35 5.15 0.92% |
| Symbol | Shivalik |
Shivalik Bimetal '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 Shivalik Bimetal'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 Shivalik Bimetal.
| 09/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Shivalik Bimetal on September 23, 2024 and sell it all today you would earn a total of 0.00 from holding Shivalik Bimetal Controls or generate 0.0% return on investment in Shivalik Bimetal over 60 days. Shivalik Bimetal is related to or competes with Reliance Industries, Life Insurance, Indian Oil, and Oil Natural. Shivalik Bimetal is entity of India. It is traded as Stock on NSE exchange. More
Shivalik Bimetal 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 Shivalik Bimetal'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 Shivalik Bimetal Controls upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 13.81 | |||
| Value At Risk | (3.89) | |||
| Potential Upside | 3.41 |
Shivalik Bimetal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shivalik Bimetal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shivalik Bimetal's standard deviation. In reality, there are many statistical measures that can use Shivalik Bimetal historical prices to predict the future Shivalik Bimetal's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.39) | |||
| Treynor Ratio | 0.2796 |
Shivalik Bimetal Controls Backtested Returns
Shivalik Bimetal Controls owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0216, which indicates the firm had a -0.0216% return per unit of risk over the last 3 months. Shivalik Bimetal Controls exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Shivalik Bimetal's Variance of 6.92, insignificant risk adjusted performance, and Coefficient Of Variation of (7,310) to confirm the risk estimate we provide. The entity has a beta of -0.16, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Shivalik Bimetal are expected to decrease at a much lower rate. During the bear market, Shivalik Bimetal is likely to outperform the market. At this point, Shivalik Bimetal Controls has a negative expected return of -0.0573%. Please make sure to validate Shivalik Bimetal's total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Shivalik Bimetal Controls performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.53 |
Good reverse predictability
Shivalik Bimetal Controls has good reverse predictability. Overlapping area represents the amount of predictability between Shivalik Bimetal time series from 23rd of September 2024 to 23rd of October 2024 and 23rd of October 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 Shivalik Bimetal Controls price movement. The serial correlation of -0.53 indicates that about 53.0% of current Shivalik Bimetal price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.53 | |
| Spearman Rank Test | -0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 920.24 |
Shivalik Bimetal Controls lagged returns against current returns
Autocorrelation, which is Shivalik Bimetal 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 Shivalik Bimetal's stock expected returns. We can calculate the autocorrelation of Shivalik Bimetal returns to help us make a trade decision. For example, suppose you find that Shivalik Bimetal 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 |
Shivalik Bimetal 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 Shivalik Bimetal stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shivalik Bimetal stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shivalik Bimetal stock over time.
Current vs Lagged Prices |
| Timeline |
Shivalik Bimetal Lagged Returns
When evaluating Shivalik Bimetal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shivalik Bimetal stock have on its future price. Shivalik Bimetal 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, Shivalik Bimetal autocorrelation shows the relationship between Shivalik Bimetal stock current value and its past values and can show if there is a momentum factor associated with investing in Shivalik Bimetal Controls.
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 Shivalik Stock Analysis
When running Shivalik Bimetal's price analysis, check to measure Shivalik Bimetal'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 Shivalik Bimetal is operating at the current time. Most of Shivalik Bimetal's value examination focuses on studying past and present price action to predict the probability of Shivalik Bimetal's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shivalik Bimetal's price. Additionally, you may evaluate how the addition of Shivalik Bimetal to your portfolios can decrease your overall portfolio volatility.