Supreme Industries (India) Market Value
| SUPREMEIND | 4,520 63.80 1.39% |
| Symbol | Supreme |
Supreme Industries '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 Supreme Industries' 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 Supreme Industries.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Supreme Industries on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Supreme Industries Limited or generate 0.0% return on investment in Supreme Industries over 30 days. Supreme Industries is related to or competes with Ami Organics, Bikaji Foods, Jubilant Foodworks, Sapphire Foods, ADF Foods, and Mangalam Drugs. Supreme Industries is entity of India. It is traded as Stock on NSE exchange. More
Supreme Industries 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 Supreme Industries' 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 Supreme Industries Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 15.09 | |||
| Value At Risk | (3.26) | |||
| Potential Upside | 2.74 |
Supreme Industries Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Supreme Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Supreme Industries' standard deviation. In reality, there are many statistical measures that can use Supreme Industries historical prices to predict the future Supreme Industries' volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.28) | |||
| Total Risk Alpha | (0.61) | |||
| Treynor Ratio | (1.19) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Supreme Industries' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Supreme Industries Backtested Returns
Supreme Industries owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0777, which indicates the firm had a -0.0777% return per unit of risk over the last 3 months. Supreme Industries Limited exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Supreme Industries' Variance of 5.58, risk adjusted performance of (0.07), and Coefficient Of Variation of (976.24) to confirm the risk estimate we provide. The entity has a beta of 0.21, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Supreme Industries' returns are expected to increase less than the market. However, during the bear market, the loss of holding Supreme Industries is expected to be smaller as well. At this point, Supreme Industries has a negative expected return of -0.19%. Please make sure to validate Supreme Industries' treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if Supreme Industries performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.08 |
Very weak reverse predictability
Supreme Industries Limited has very weak reverse predictability. Overlapping area represents the amount of predictability between Supreme Industries time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Supreme Industries price movement. The serial correlation of -0.08 indicates that barely 8.0% of current Supreme Industries price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 1552.0 |
Supreme Industries lagged returns against current returns
Autocorrelation, which is Supreme Industries 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 Supreme Industries' stock expected returns. We can calculate the autocorrelation of Supreme Industries returns to help us make a trade decision. For example, suppose you find that Supreme Industries 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 |
Supreme Industries 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 Supreme Industries stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Supreme Industries stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Supreme Industries stock over time.
Current vs Lagged Prices |
| Timeline |
Supreme Industries Lagged Returns
When evaluating Supreme Industries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Supreme Industries stock have on its future price. Supreme Industries 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, Supreme Industries autocorrelation shows the relationship between Supreme Industries stock current value and its past values and can show if there is a momentum factor associated with investing in Supreme Industries Limited.
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.Other Information on Investing in Supreme Stock
Supreme Industries financial ratios help investors to determine whether Supreme 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 Supreme with respect to the benefits of owning Supreme Industries security.