Spentex Industries (India) Market Value
| SPENTEX Stock | 280.00 0.00 0.00% |
| Symbol | Spentex |
Spentex Industries '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 Spentex Industries' 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 Spentex Industries.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Spentex Industries on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Spentex Industries Limited or generate 0.0% return on investment in Spentex Industries over 30 days. Spentex Industries is related to or competes with Taj GVK, Network18 Media, Viceroy Hotels, Oriental Hotels, Dhunseri Investments, and Asian Hotels. Spentex Industries is entity of India. It is traded as Stock on NSE exchange. More
Spentex Industries 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 Spentex Industries' 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 Spentex Industries Limited upside and downside potential and time the market with a certain degree of confidence.
Spentex Industries Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Spentex Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Spentex Industries' standard deviation. In reality, there are many statistical measures that can use Spentex Industries historical prices to predict the future Spentex Industries' volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Spentex Industries' 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.
Spentex Industries Backtested Returns
We have found three technical indicators for Spentex Industries Limited, which you can use to evaluate the volatility of the company. The entity has a beta of 0.0, which indicates not very significant fluctuations relative to the market. the returns on MARKET and Spentex Industries are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
Spentex Industries Limited has no correlation between past and present. Overlapping area represents the amount of predictability between Spentex Industries time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Spentex Industries price movement. The serial correlation of 0.0 indicates that just 0.0% of current Spentex Industries price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Spentex Industries lagged returns against current returns
Autocorrelation, which is Spentex Industries 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 Spentex Industries' stock expected returns. We can calculate the autocorrelation of Spentex Industries returns to help us make a trade decision. For example, suppose you find that Spentex Industries 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 |
Spentex Industries 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 Spentex Industries stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Spentex Industries stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Spentex Industries stock over time.
Current vs Lagged Prices |
| Timeline |
Spentex Industries Lagged Returns
When evaluating Spentex Industries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Spentex Industries stock have on its future price. Spentex Industries 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, Spentex Industries autocorrelation shows the relationship between Spentex Industries stock current value and its past values and can show if there is a momentum factor associated with investing in Spentex Industries Limited.
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 Spentex Stock Analysis
When running Spentex Industries' price analysis, check to measure Spentex Industries' 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 Spentex Industries is operating at the current time. Most of Spentex Industries' value examination focuses on studying past and present price action to predict the probability of Spentex Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Spentex Industries' price. Additionally, you may evaluate how the addition of Spentex Industries to your portfolios can decrease your overall portfolio volatility.