Sudarshan Chemical (India) Market Value
| SUDARSCHEM | 981.60 7.85 0.79% |
| Symbol | Sudarshan |
Sudarshan Chemical '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 Sudarshan Chemical'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 Sudarshan Chemical.
| 09/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Sudarshan Chemical on September 27, 2024 and sell it all today you would earn a total of 0.00 from holding Sudarshan Chemical Industries or generate 0.0% return on investment in Sudarshan Chemical over 60 days. Sudarshan Chemical is related to or competes with NMDC, Steel Authority, Embassy Office, Gujarat Alkalies, Indian Metals, and JTL Industries. Sudarshan Chemical is entity of India. It is traded as Stock on NSE exchange. More
Sudarshan Chemical 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 Sudarshan Chemical'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 Sudarshan Chemical Industries upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 25.98 | |||
| Value At Risk | (5.01) | |||
| Potential Upside | 4.84 |
Sudarshan Chemical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sudarshan Chemical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sudarshan Chemical's standard deviation. In reality, there are many statistical measures that can use Sudarshan Chemical historical prices to predict the future Sudarshan Chemical's volatility.| Risk Adjusted Performance | 0.0046 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.61) | |||
| Treynor Ratio | (0.37) |
Sudarshan Chemical Backtested Returns
At this point, Sudarshan Chemical is very steady. Sudarshan Chemical owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0085, which indicates the firm had a 0.0085% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Sudarshan Chemical Industries, which you can use to evaluate the volatility of the company. Please validate Sudarshan Chemical's Variance of 14.35, coefficient of variation of (22,411), and Risk Adjusted Performance of 0.0046 to confirm if the risk estimate we provide is consistent with the expected return of 0.0329%. The entity has a beta of 0.0722, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sudarshan Chemical's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sudarshan Chemical is expected to be smaller as well. Sudarshan Chemical right now has a risk of 3.85%. Please validate Sudarshan Chemical maximum drawdown, as well as the relationship between the accumulation distribution and market facilitation index , to decide if Sudarshan Chemical will be following its existing price patterns.
Auto-correlation | 0.14 |
Insignificant predictability
Sudarshan Chemical Industries has insignificant predictability. Overlapping area represents the amount of predictability between Sudarshan Chemical time series from 27th of September 2024 to 27th of October 2024 and 27th of October 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 Sudarshan Chemical price movement. The serial correlation of 0.14 indicates that less than 14.0% of current Sudarshan Chemical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.14 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 1784.66 |
Sudarshan Chemical lagged returns against current returns
Autocorrelation, which is Sudarshan Chemical 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 Sudarshan Chemical's stock expected returns. We can calculate the autocorrelation of Sudarshan Chemical returns to help us make a trade decision. For example, suppose you find that Sudarshan Chemical 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 |
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Sudarshan Chemical 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 Sudarshan Chemical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sudarshan Chemical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sudarshan Chemical stock over time.
Current vs Lagged Prices |
| Timeline |
Sudarshan Chemical Lagged Returns
When evaluating Sudarshan Chemical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sudarshan Chemical stock have on its future price. Sudarshan Chemical 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, Sudarshan Chemical autocorrelation shows the relationship between Sudarshan Chemical stock current value and its past values and can show if there is a momentum factor associated with investing in Sudarshan Chemical Industries.
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 Sudarshan Stock
Sudarshan Chemical financial ratios help investors to determine whether Sudarshan 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 Sudarshan with respect to the benefits of owning Sudarshan Chemical security.