Suryoday Small (India) Market Value
| SURYODAY | 139.33 0.29 0.21% |
| Symbol | Suryoday |
Suryoday Small '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 Suryoday Small'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 Suryoday Small.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Suryoday Small on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Suryoday Small Finance or generate 0.0% return on investment in Suryoday Small over 30 days. Suryoday Small is related to or competes with Mangalore Chemicals, Indo Borax, DMCC SPECIALITY, Oriental Hotels, Apollo Sindoori, Chalet Hotels, and Krebs Biochemicals. Suryoday Small is entity of India. It is traded as Stock on NSE exchange. More
Suryoday Small 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 Suryoday Small'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 Suryoday Small Finance upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 17.28 | |||
| Value At Risk | (3.81) | |||
| Potential Upside | 2.83 |
Suryoday Small Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Suryoday Small's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Suryoday Small's standard deviation. In reality, there are many statistical measures that can use Suryoday Small historical prices to predict the future Suryoday Small's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.61) | |||
| Total Risk Alpha | (0.94) | |||
| Treynor Ratio | (0.83) |
Suryoday Small Finance Backtested Returns
Suryoday Small Finance owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.17, which indicates the firm had a -0.17% return per unit of risk over the last 3 months. Suryoday Small Finance exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Suryoday Small's Risk Adjusted Performance of (0.14), variance of 7.15, and Coefficient Of Variation of (511.04) to confirm the risk estimate we provide. The entity has a beta of 0.64, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Suryoday Small's returns are expected to increase less than the market. However, during the bear market, the loss of holding Suryoday Small is expected to be smaller as well. At this point, Suryoday Small Finance has a negative expected return of -0.46%. Please make sure to validate Suryoday Small's treynor ratio and daily balance of power , to decide if Suryoday Small Finance performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.13 |
Insignificant reverse predictability
Suryoday Small Finance has insignificant reverse predictability. Overlapping area represents the amount of predictability between Suryoday Small 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 Suryoday Small Finance price movement. The serial correlation of -0.13 indicates that less than 13.0% of current Suryoday Small price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 3.95 |
Suryoday Small Finance lagged returns against current returns
Autocorrelation, which is Suryoday Small 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 Suryoday Small's stock expected returns. We can calculate the autocorrelation of Suryoday Small returns to help us make a trade decision. For example, suppose you find that Suryoday Small 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 |
Suryoday Small 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 Suryoday Small stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Suryoday Small stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Suryoday Small stock over time.
Current vs Lagged Prices |
| Timeline |
Suryoday Small Lagged Returns
When evaluating Suryoday Small's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Suryoday Small stock have on its future price. Suryoday Small 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, Suryoday Small autocorrelation shows the relationship between Suryoday Small stock current value and its past values and can show if there is a momentum factor associated with investing in Suryoday Small Finance.
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 Suryoday Stock
Suryoday Small financial ratios help investors to determine whether Suryoday 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 Suryoday with respect to the benefits of owning Suryoday Small security.