Shyam Metalics (India) Market Value
| SHYAMMETL | 838.10 16.35 1.99% |
| Symbol | Shyam |
Shyam Metalics '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 Shyam Metalics' 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 Shyam Metalics.
| 09/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Shyam Metalics on September 27, 2024 and sell it all today you would earn a total of 0.00 from holding Shyam Metalics and or generate 0.0% return on investment in Shyam Metalics over 60 days. Shyam Metalics is related to or competes with Embassy Office, Gujarat Narmada, Gujarat Alkalies, JTL Industries, and India Glycols. Shyam Metalics is entity of India. It is traded as Stock on NSE exchange. More
Shyam Metalics 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 Shyam Metalics' 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 Shyam Metalics and upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.29 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 12.33 | |||
| Value At Risk | (3.92) | |||
| Potential Upside | 3.8 |
Shyam Metalics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shyam Metalics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shyam Metalics' standard deviation. In reality, there are many statistical measures that can use Shyam Metalics historical prices to predict the future Shyam Metalics' volatility.| Risk Adjusted Performance | 0.0241 | |||
| Jensen Alpha | 0.0267 | |||
| Total Risk Alpha | (0.30) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.3404 |
Shyam Metalics Backtested Returns
At this point, Shyam Metalics is very steady. Shyam Metalics owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0536, which indicates the firm had a 0.0536% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Shyam Metalics and, which you can use to evaluate the volatility of the company. Please validate Shyam Metalics' Coefficient Of Variation of 4347.35, risk adjusted performance of 0.0241, and Semi Deviation of 2.18 to confirm if the risk estimate we provide is consistent with the expected return of 0.12%. Shyam Metalics has a performance score of 4 on a scale of 0 to 100. The entity has a beta of 0.12, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Shyam Metalics' returns are expected to increase less than the market. However, during the bear market, the loss of holding Shyam Metalics is expected to be smaller as well. Shyam Metalics right now has a risk of 2.22%. Please validate Shyam Metalics expected short fall, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Shyam Metalics will be following its existing price patterns.
Auto-correlation | 0.20 |
Weak predictability
Shyam Metalics and has weak predictability. Overlapping area represents the amount of predictability between Shyam Metalics time series from 27th of September 2024 to 27th of October 2024 and 27th of October 2024 to 26th 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 Shyam Metalics price movement. The serial correlation of 0.2 indicates that over 20.0% of current Shyam Metalics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.2 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 553.13 |
Shyam Metalics lagged returns against current returns
Autocorrelation, which is Shyam Metalics 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 Shyam Metalics' stock expected returns. We can calculate the autocorrelation of Shyam Metalics returns to help us make a trade decision. For example, suppose you find that Shyam Metalics 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 |
Shyam Metalics 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 Shyam Metalics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shyam Metalics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shyam Metalics stock over time.
Current vs Lagged Prices |
| Timeline |
Shyam Metalics Lagged Returns
When evaluating Shyam Metalics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shyam Metalics stock have on its future price. Shyam Metalics 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, Shyam Metalics autocorrelation shows the relationship between Shyam Metalics stock current value and its past values and can show if there is a momentum factor associated with investing in Shyam Metalics and.
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 Shyam Stock
Shyam Metalics financial ratios help investors to determine whether Shyam 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 Shyam with respect to the benefits of owning Shyam Metalics security.