Sunflag Iron (India) Market Value
| SUNFLAG Stock | 196.67 2.08 1.07% |
| Symbol | Sunflag |
Sunflag Iron '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 Sunflag Iron'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 Sunflag Iron.
| 12/01/2023 |
| 11/25/2024 |
If you would invest 0.00 in Sunflag Iron on December 1, 2023 and sell it all today you would earn a total of 0.00 from holding Sunflag Iron And or generate 0.0% return on investment in Sunflag Iron over 360 days. Sunflag Iron is related to or competes with NMDC, Steel Authority, Embassy Office, Gujarat Narmada, Gujarat Alkalies, JTL Industries, and India Glycols. Sunflag Iron is entity of India. It is traded as Stock on NSE exchange. More
Sunflag Iron 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 Sunflag Iron'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 Sunflag Iron And upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 12.98 | |||
| Value At Risk | (3.64) | |||
| Potential Upside | 2.91 |
Sunflag Iron Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sunflag Iron's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sunflag Iron's standard deviation. In reality, there are many statistical measures that can use Sunflag Iron historical prices to predict the future Sunflag Iron's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.53) | |||
| Treynor Ratio | (0.27) |
Sunflag Iron And Backtested Returns
Sunflag Iron And owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0927, which indicates the firm had a -0.0927% return per unit of risk over the last 3 months. Sunflag Iron And exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sunflag Iron's Risk Adjusted Performance of (0.04), coefficient of variation of (1,576), and Variance of 5.62 to confirm the risk estimate we provide. The entity has a beta of 0.59, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Sunflag Iron's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sunflag Iron is expected to be smaller as well. At this point, Sunflag Iron And has a negative expected return of -0.22%. Please make sure to validate Sunflag Iron's treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if Sunflag Iron And performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.42 |
Average predictability
Sunflag Iron And has average predictability. Overlapping area represents the amount of predictability between Sunflag Iron time series from 1st of December 2023 to 29th of May 2024 and 29th of May 2024 to 25th 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 Sunflag Iron And price movement. The serial correlation of 0.42 indicates that just about 42.0% of current Sunflag Iron price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 334.93 |
Sunflag Iron And lagged returns against current returns
Autocorrelation, which is Sunflag Iron 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 Sunflag Iron's stock expected returns. We can calculate the autocorrelation of Sunflag Iron returns to help us make a trade decision. For example, suppose you find that Sunflag Iron 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 |
Sunflag Iron 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 Sunflag Iron stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sunflag Iron stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sunflag Iron stock over time.
Current vs Lagged Prices |
| Timeline |
Sunflag Iron Lagged Returns
When evaluating Sunflag Iron's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sunflag Iron stock have on its future price. Sunflag Iron 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, Sunflag Iron autocorrelation shows the relationship between Sunflag Iron stock current value and its past values and can show if there is a momentum factor associated with investing in Sunflag Iron And.
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 Sunflag Stock
Sunflag Iron financial ratios help investors to determine whether Sunflag 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 Sunflag with respect to the benefits of owning Sunflag Iron security.