Sudarshan Chemical (India) Market Value
| SUDARSCHEM | 999.30 53.20 5.05% |
| 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.
| 01/05/2025 |
| 02/04/2025 |
If you would invest 0.00 in Sudarshan Chemical on January 5, 2025 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 30 days. Sudarshan Chemical is related to or competes with Baazar Style, Fine Organic, Aarey Drugs, Hexa Tradex, Music Broadcast, Osia Hyper, and Jayant Agro. 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.
| Downside Deviation | 2.62 | |||
| Information Ratio | 0.0103 | |||
| Maximum Drawdown | 11.93 | |||
| Value At Risk | (4.67) | |||
| Potential Upside | 5.05 |
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 | 0.0407 | |||
| Jensen Alpha | 0.078 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | 0.0103 | |||
| Treynor Ratio | 0.3739 |
Sudarshan Chemical Backtested Returns
Sudarshan Chemical owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0291, which indicates the firm had a -0.0291 % return per unit of risk over the last 3 months. Sudarshan Chemical Industries exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sudarshan Chemical's Coefficient Of Variation of 2470.97, risk adjusted performance of 0.0407, and Semi Deviation of 2.39 to confirm the risk estimate we provide. The entity has a beta of 0.26, 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. At this point, Sudarshan Chemical has a negative expected return of -0.0711%. Please make sure to validate Sudarshan Chemical's potential upside, and the relationship between the total risk alpha and kurtosis , to decide if Sudarshan Chemical performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.56 |
Modest predictability
Sudarshan Chemical Industries has modest predictability. Overlapping area represents the amount of predictability between Sudarshan Chemical time series from 5th of January 2025 to 20th of January 2025 and 20th of January 2025 to 4th of February 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 Sudarshan Chemical price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current Sudarshan Chemical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 2583.04 |
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 |
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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.