Silver Touch (India) Market Value
| SILVERTUC | 703.80 2.95 0.42% |
| Symbol | Silver |
Silver Touch '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 Silver Touch'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 Silver Touch.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Silver Touch on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Silver Touch Technologies or generate 0.0% return on investment in Silver Touch over 30 days. Silver Touch is related to or competes with FCS Software, Vraj Iron, Akums Drugs, Mangalam Drugs, Kalyani Steels, MSP Steel, and Sintex Plastics. Silver Touch is entity of India. It is traded as Stock on NSE exchange. More
Silver Touch 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 Silver Touch'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 Silver Touch Technologies upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 9.16 | |||
| Value At Risk | (1.97) | |||
| Potential Upside | 1.17 |
Silver Touch Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Silver Touch's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Silver Touch's standard deviation. In reality, there are many statistical measures that can use Silver Touch historical prices to predict the future Silver Touch's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | (0.97) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Silver Touch's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Silver Touch Technologies Backtested Returns
Silver Touch Technologies owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0923, which indicates the firm had a -0.0923% return per unit of risk over the last 3 months. Silver Touch Technologies exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Silver Touch's Variance of 1.23, coefficient of variation of (1,209), and Risk Adjusted Performance of (0.06) to confirm the risk estimate we provide. The entity has a beta of 0.11, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Silver Touch's returns are expected to increase less than the market. However, during the bear market, the loss of holding Silver Touch is expected to be smaller as well. At this point, Silver Touch Technologies has a negative expected return of -0.1%. Please make sure to validate Silver Touch's total risk alpha, skewness, as well as the relationship between the Skewness and day median price , to decide if Silver Touch Technologies performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.42 |
Modest reverse predictability
Silver Touch Technologies has modest reverse predictability. Overlapping area represents the amount of predictability between Silver Touch 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 Silver Touch Technologies price movement. The serial correlation of -0.42 indicates that just about 42.0% of current Silver Touch price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.42 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 345.82 |
Silver Touch Technologies lagged returns against current returns
Autocorrelation, which is Silver Touch 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 Silver Touch's stock expected returns. We can calculate the autocorrelation of Silver Touch returns to help us make a trade decision. For example, suppose you find that Silver Touch 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 |
Silver Touch 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 Silver Touch stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Silver Touch stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Silver Touch stock over time.
Current vs Lagged Prices |
| Timeline |
Silver Touch Lagged Returns
When evaluating Silver Touch's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Silver Touch stock have on its future price. Silver Touch 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, Silver Touch autocorrelation shows the relationship between Silver Touch stock current value and its past values and can show if there is a momentum factor associated with investing in Silver Touch Technologies.
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 Silver Stock Analysis
When running Silver Touch's price analysis, check to measure Silver Touch'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 Silver Touch is operating at the current time. Most of Silver Touch's value examination focuses on studying past and present price action to predict the probability of Silver Touch's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Silver Touch's price. Additionally, you may evaluate how the addition of Silver Touch to your portfolios can decrease your overall portfolio volatility.