Sukhjit Starch (India) Market Value
| SUKHJITS | 226.95 3.15 1.41% |
| Symbol | Sukhjit |
Sukhjit Starch '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 Sukhjit Starch'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 Sukhjit Starch.
| 02/07/2024 |
| 02/01/2025 |
If you would invest 0.00 in Sukhjit Starch on February 7, 2024 and sell it all today you would earn a total of 0.00 from holding Sukhjit Starch Chemicals or generate 0.0% return on investment in Sukhjit Starch over 360 days. Sukhjit Starch is related to or competes with Kingfa Science, Modi Rubber, Ortel Communications, Praxis Home, Reliance Home, Ravi Kumar, and Allied Blenders. More
Sukhjit Starch 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 Sukhjit Starch'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 Sukhjit Starch Chemicals upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 13.69 | |||
| Value At Risk | (3.54) | |||
| Potential Upside | 3.86 |
Sukhjit Starch Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sukhjit Starch's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sukhjit Starch's standard deviation. In reality, there are many statistical measures that can use Sukhjit Starch historical prices to predict the future Sukhjit Starch's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.37) | |||
| Treynor Ratio | (0.41) |
Sukhjit Starch Chemicals Backtested Returns
Sukhjit Starch Chemicals owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0571, which indicates the firm had a -0.0571 % return per unit of risk over the last 3 months. Sukhjit Starch Chemicals exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sukhjit Starch's Coefficient Of Variation of (1,751), risk adjusted performance of (0.04), and Variance of 6.59 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, Sukhjit Starch's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sukhjit Starch is expected to be smaller as well. At this point, Sukhjit Starch Chemicals has a negative expected return of -0.15%. Please make sure to validate Sukhjit Starch's potential upside, as well as the relationship between the daily balance of power and market facilitation index , to decide if Sukhjit Starch Chemicals performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.07 |
Very weak reverse predictability
Sukhjit Starch Chemicals has very weak reverse predictability. Overlapping area represents the amount of predictability between Sukhjit Starch time series from 7th of February 2024 to 5th of August 2024 and 5th of August 2024 to 1st 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 Sukhjit Starch Chemicals price movement. The serial correlation of -0.07 indicates that barely 7.0% of current Sukhjit Starch price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 345.13 |
Sukhjit Starch Chemicals lagged returns against current returns
Autocorrelation, which is Sukhjit Starch 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 Sukhjit Starch's stock expected returns. We can calculate the autocorrelation of Sukhjit Starch returns to help us make a trade decision. For example, suppose you find that Sukhjit Starch 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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Sukhjit Starch 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 Sukhjit Starch stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sukhjit Starch stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sukhjit Starch stock over time.
Current vs Lagged Prices |
| Timeline |
Sukhjit Starch Lagged Returns
When evaluating Sukhjit Starch's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sukhjit Starch stock have on its future price. Sukhjit Starch 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, Sukhjit Starch autocorrelation shows the relationship between Sukhjit Starch stock current value and its past values and can show if there is a momentum factor associated with investing in Sukhjit Starch Chemicals.
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 Sukhjit Stock Analysis
When running Sukhjit Starch's price analysis, check to measure Sukhjit Starch's 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 Sukhjit Starch is operating at the current time. Most of Sukhjit Starch's value examination focuses on studying past and present price action to predict the probability of Sukhjit Starch's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sukhjit Starch's price. Additionally, you may evaluate how the addition of Sukhjit Starch to your portfolios can decrease your overall portfolio volatility.