Sportking India (India) Market Value
| SPORTKING | 90.26 2.69 2.89% |
| Symbol | Sportking |
Sportking India '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 Sportking India'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 Sportking India.
| 09/03/2024 |
| 01/31/2025 |
If you would invest 0.00 in Sportking India on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding Sportking India Limited or generate 0.0% return on investment in Sportking India over 150 days. Sportking India is related to or competes with DIAMINES AND, JGCHEMICALS, Chembond Chemicals, Tainwala Chemical, JB Chemicals, and IOL Chemicals. Sportking India is entity of India. It is traded as Stock on NSE exchange. More
Sportking India 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 Sportking India'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 Sportking India Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 18.56 | |||
| Value At Risk | (4.53) | |||
| Potential Upside | 5.38 |
Sportking India Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sportking India's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sportking India's standard deviation. In reality, there are many statistical measures that can use Sportking India historical prices to predict the future Sportking India's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.47) | |||
| Treynor Ratio | (0.31) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sportking India'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.
Sportking India Backtested Returns
Sportking India owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0443, which indicates the firm had a -0.0443 % return per unit of risk over the last 3 months. Sportking India Limited exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sportking India's Coefficient Of Variation of (3,024), risk adjusted performance of (0.02), and Variance of 10.81 to confirm the risk estimate we provide. The entity has a beta of 0.38, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Sportking India's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sportking India is expected to be smaller as well. At this point, Sportking India has a negative expected return of -0.15%. Please make sure to validate Sportking India's treynor ratio, accumulation distribution, as well as the relationship between the Accumulation Distribution and price action indicator , to decide if Sportking India performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.25 |
Weak reverse predictability
Sportking India Limited has weak reverse predictability. Overlapping area represents the amount of predictability between Sportking India time series from 3rd of September 2024 to 17th of November 2024 and 17th of November 2024 to 31st 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 Sportking India price movement. The serial correlation of -0.25 indicates that over 25.0% of current Sportking India price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 77.44 |
Sportking India lagged returns against current returns
Autocorrelation, which is Sportking India 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 Sportking India's stock expected returns. We can calculate the autocorrelation of Sportking India returns to help us make a trade decision. For example, suppose you find that Sportking India 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 |
Sportking India 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 Sportking India stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sportking India stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sportking India stock over time.
Current vs Lagged Prices |
| Timeline |
Sportking India Lagged Returns
When evaluating Sportking India's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sportking India stock have on its future price. Sportking India 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, Sportking India autocorrelation shows the relationship between Sportking India stock current value and its past values and can show if there is a momentum factor associated with investing in Sportking India Limited.
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 Sportking Stock
Sportking India financial ratios help investors to determine whether Sportking 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 Sportking with respect to the benefits of owning Sportking India security.