STEEL EXCHANGE (India) Market Value
| STEELXIND | 10.62 0.17 1.63% |
| Symbol | STEEL |
STEEL EXCHANGE '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 STEEL EXCHANGE'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 STEEL EXCHANGE.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in STEEL EXCHANGE on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding STEEL EXCHANGE INDIA or generate 0.0% return on investment in STEEL EXCHANGE over 30 days. STEEL EXCHANGE is related to or competes with Embassy Office, Gujarat Narmada, Gujarat Alkalies, JTL Industries, and India Glycols. STEEL EXCHANGE is entity of India. It is traded as Stock on NSE exchange. More
STEEL EXCHANGE 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 STEEL EXCHANGE'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 STEEL EXCHANGE INDIA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 13.87 | |||
| Value At Risk | (4.61) | |||
| Potential Upside | 3.47 |
STEEL EXCHANGE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for STEEL EXCHANGE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as STEEL EXCHANGE's standard deviation. In reality, there are many statistical measures that can use STEEL EXCHANGE historical prices to predict the future STEEL EXCHANGE's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.40) | |||
| Total Risk Alpha | (0.72) | |||
| Treynor Ratio | (1.37) |
STEEL EXCHANGE INDIA Backtested Returns
STEEL EXCHANGE INDIA owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.21, which indicates the firm had a -0.21% return per unit of volatility over the last 3 months. STEEL EXCHANGE INDIA exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate STEEL EXCHANGE's variance of 5.07, and Risk Adjusted Performance of (0.11) to confirm the risk estimate we provide. The entity has a beta of 0.27, which indicates not very significant fluctuations relative to the market. As returns on the market increase, STEEL EXCHANGE's returns are expected to increase less than the market. However, during the bear market, the loss of holding STEEL EXCHANGE is expected to be smaller as well. At this point, STEEL EXCHANGE INDIA has a negative expected return of -0.45%. Please make sure to validate STEEL EXCHANGE's skewness, and the relationship between the total risk alpha and rate of daily change , to decide if STEEL EXCHANGE INDIA performance from the past will be repeated at future time.
Auto-correlation | -0.26 |
Weak reverse predictability
STEEL EXCHANGE INDIA has weak reverse predictability. Overlapping area represents the amount of predictability between STEEL EXCHANGE time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 STEEL EXCHANGE INDIA price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current STEEL EXCHANGE price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
STEEL EXCHANGE INDIA lagged returns against current returns
Autocorrelation, which is STEEL EXCHANGE 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 STEEL EXCHANGE's stock expected returns. We can calculate the autocorrelation of STEEL EXCHANGE returns to help us make a trade decision. For example, suppose you find that STEEL EXCHANGE 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 |
STEEL EXCHANGE 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 STEEL EXCHANGE stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if STEEL EXCHANGE stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in STEEL EXCHANGE stock over time.
Current vs Lagged Prices |
| Timeline |
STEEL EXCHANGE Lagged Returns
When evaluating STEEL EXCHANGE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of STEEL EXCHANGE stock have on its future price. STEEL EXCHANGE 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, STEEL EXCHANGE autocorrelation shows the relationship between STEEL EXCHANGE stock current value and its past values and can show if there is a momentum factor associated with investing in STEEL EXCHANGE INDIA.
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 STEEL Stock
STEEL EXCHANGE financial ratios help investors to determine whether STEEL 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 STEEL with respect to the benefits of owning STEEL EXCHANGE security.