Shaily Engineering's market value is the price at which a share of Shaily Engineering trades on a public exchange. It measures the collective expectations of Shaily Engineering Plastics investors about its performance. Shaily Engineering is trading at 1495.90 as of the 18th of January 2025, a 1.38 percent decrease since the beginning of the trading day. The stock's open price was 1516.9. With this module, you can estimate the performance of a buy and hold strategy of Shaily Engineering Plastics and determine expected loss or profit from investing in Shaily Engineering over a given investment horizon. Check out Shaily Engineering Correlation, Shaily Engineering Volatility and Shaily Engineering Alpha and Beta module to complement your research on Shaily Engineering.
Please note, there is a significant difference between Shaily Engineering's value and its price as these two are different measures arrived at by different means. Investors typically determine if Shaily Engineering is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Shaily Engineering's 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.
Shaily Engineering '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 Shaily Engineering'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 Shaily Engineering.
0.00
12/19/2024
No Change 0.00
0.0
In 31 days
01/18/2025
0.00
If you would invest 0.00 in Shaily Engineering on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding Shaily Engineering Plastics or generate 0.0% return on investment in Shaily Engineering over 30 days. Shaily Engineering is related to or competes with Vertoz Advertising, Network18 Media, Hindustan Copper, Nalwa Sons, Sarthak Metals, Jindal Poly, and Yatra Online. Shaily Engineering is entity of India. It is traded as Stock on NSE exchange. More
Shaily Engineering 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 Shaily Engineering'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 Shaily Engineering Plastics 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 Shaily Engineering's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shaily Engineering's standard deviation. In reality, there are many statistical measures that can use Shaily Engineering historical prices to predict the future Shaily Engineering's volatility.
Shaily Engineering appears to be very steady, given 3 months investment horizon. Shaily Engineering owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.22, which indicates the firm had a 0.22% return per unit of risk over the last 3 months. By inspecting Shaily Engineering's technical indicators, you can evaluate if the expected return of 0.85% is justified by implied risk. Please review Shaily Engineering's Coefficient Of Variation of 526.05, semi deviation of 1.98, and Risk Adjusted Performance of 0.1667 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shaily Engineering holds a performance score of 17. The entity has a beta of 0.99, which indicates possible diversification benefits within a given portfolio. Shaily Engineering returns are very sensitive to returns on the market. As the market goes up or down, Shaily Engineering is expected to follow. Please check Shaily Engineering's downside variance, day median price, and the relationship between the treynor ratio and kurtosis , to make a quick decision on whether Shaily Engineering's existing price patterns will revert.
Auto-correlation
0.26
Poor predictability
Shaily Engineering Plastics has poor predictability. Overlapping area represents the amount of predictability between Shaily Engineering 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 Shaily Engineering price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current Shaily Engineering price fluctuation can be explain by its past prices.
Correlation Coefficient
0.26
Spearman Rank Test
0.08
Residual Average
0.0
Price Variance
1897.7
Shaily Engineering lagged returns against current returns
Autocorrelation, which is Shaily Engineering 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 Shaily Engineering's stock expected returns. We can calculate the autocorrelation of Shaily Engineering returns to help us make a trade decision. For example, suppose you find that Shaily Engineering 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
Shaily Engineering 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 Shaily Engineering stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shaily Engineering stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shaily Engineering stock over time.
Current vs Lagged Prices
Timeline
Shaily Engineering Lagged Returns
When evaluating Shaily Engineering's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shaily Engineering stock have on its future price. Shaily Engineering 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, Shaily Engineering autocorrelation shows the relationship between Shaily Engineering stock current value and its past values and can show if there is a momentum factor associated with investing in Shaily Engineering Plastics.
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.
Shaily Engineering financial ratios help investors to determine whether Shaily 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 Shaily with respect to the benefits of owning Shaily Engineering security.