Sintex Plastics (India) Market Value
| SPTL Stock | 1.06 0.00 0.00% |
| Symbol | Sintex |
Sintex Plastics '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 Sintex Plastics' 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 Sintex Plastics.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in Sintex Plastics on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding Sintex Plastics Technology or generate 0.0% return on investment in Sintex Plastics over 180 days. Sintex Plastics is related to or competes with NMDC, Steel Authority, Embassy Office, Gujarat Narmada, Gujarat Alkalies, Indian Metals, and JTL Industries. Sintex Plastics is entity of India. It is traded as Stock on NSE exchange. More
Sintex Plastics 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 Sintex Plastics' 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 Sintex Plastics Technology upside and downside potential and time the market with a certain degree of confidence.
Sintex Plastics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sintex Plastics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sintex Plastics' standard deviation. In reality, there are many statistical measures that can use Sintex Plastics historical prices to predict the future Sintex Plastics' volatility.Sintex Plastics Tech Backtested Returns
We have found three technical indicators for Sintex Plastics Technology, 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 Sintex Plastics are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
Sintex Plastics Technology has no correlation between past and present. Overlapping area represents the amount of predictability between Sintex Plastics time series from 30th of May 2024 to 28th of August 2024 and 28th of August 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 Sintex Plastics Tech price movement. The serial correlation of 0.0 indicates that just 0.0% of current Sintex Plastics 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 |
Sintex Plastics Tech lagged returns against current returns
Autocorrelation, which is Sintex Plastics 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 Sintex Plastics' stock expected returns. We can calculate the autocorrelation of Sintex Plastics returns to help us make a trade decision. For example, suppose you find that Sintex Plastics 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 |
Sintex Plastics 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 Sintex Plastics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sintex Plastics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sintex Plastics stock over time.
Current vs Lagged Prices |
| Timeline |
Sintex Plastics Lagged Returns
When evaluating Sintex Plastics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sintex Plastics stock have on its future price. Sintex Plastics 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, Sintex Plastics autocorrelation shows the relationship between Sintex Plastics stock current value and its past values and can show if there is a momentum factor associated with investing in Sintex Plastics Technology.
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 Sintex Stock Analysis
When running Sintex Plastics' price analysis, check to measure Sintex Plastics' 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 Sintex Plastics is operating at the current time. Most of Sintex Plastics' value examination focuses on studying past and present price action to predict the probability of Sintex Plastics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sintex Plastics' price. Additionally, you may evaluate how the addition of Sintex Plastics to your portfolios can decrease your overall portfolio volatility.