Sterling (India) Market Value
| SWSOLAR Stock | 479.95 10.95 2.33% |
| Symbol | Sterling |
Sterling '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 Sterling'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 Sterling.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Sterling on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Sterling and Wilson or generate 0.0% return on investment in Sterling over 30 days. Sterling is related to or competes with Nippon Life, Fortis Healthcare, CEAT, ICICI Lombard, and KEC International. Sterling is entity of India. It is traded as Stock on NSE exchange. More
Sterling 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 Sterling'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 Sterling and Wilson upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 9.99 | |||
| Value At Risk | (4.99) | |||
| Potential Upside | 4.99 |
Sterling Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sterling's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sterling's standard deviation. In reality, there are many statistical measures that can use Sterling historical prices to predict the future Sterling's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.59) | |||
| Total Risk Alpha | (0.99) | |||
| Treynor Ratio | (1.04) |
Sterling and Wilson Backtested Returns
Sterling and Wilson owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.16, which indicates the firm had a -0.16% return per unit of risk over the last 3 months. Sterling and Wilson exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sterling's Risk Adjusted Performance of (0.13), coefficient of variation of (555.50), and Variance of 8.43 to confirm the risk estimate we provide. The entity has a beta of 0.51, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Sterling's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sterling is expected to be smaller as well. At this point, Sterling and Wilson has a negative expected return of -0.48%. Please make sure to validate Sterling's maximum drawdown, as well as the relationship between the accumulation distribution and market facilitation index , to decide if Sterling and Wilson performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.35 |
Poor reverse predictability
Sterling and Wilson has poor reverse predictability. Overlapping area represents the amount of predictability between Sterling time series from 26th of October 2024 to 10th of November 2024 and 10th of November 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 Sterling and Wilson price movement. The serial correlation of -0.35 indicates that nearly 35.0% of current Sterling price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.35 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 369.15 |
Sterling and Wilson lagged returns against current returns
Autocorrelation, which is Sterling 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 Sterling's stock expected returns. We can calculate the autocorrelation of Sterling returns to help us make a trade decision. For example, suppose you find that Sterling 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 |
Sterling 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 Sterling stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sterling stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sterling stock over time.
Current vs Lagged Prices |
| Timeline |
Sterling Lagged Returns
When evaluating Sterling's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sterling stock have on its future price. Sterling 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, Sterling autocorrelation shows the relationship between Sterling stock current value and its past values and can show if there is a momentum factor associated with investing in Sterling and Wilson.
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 Sterling Stock Analysis
When running Sterling's price analysis, check to measure Sterling'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 Sterling is operating at the current time. Most of Sterling's value examination focuses on studying past and present price action to predict the probability of Sterling's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sterling's price. Additionally, you may evaluate how the addition of Sterling to your portfolios can decrease your overall portfolio volatility.