TECIL Chemicals (India) Market Value
| TECILCHEM | 25.55 0.58 2.32% |
| Symbol | TECIL |
TECIL Chemicals '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 TECIL Chemicals' 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 TECIL Chemicals.
| 12/31/2024 |
| 01/30/2025 |
If you would invest 0.00 in TECIL Chemicals on December 31, 2024 and sell it all today you would earn a total of 0.00 from holding TECIL Chemicals and or generate 0.0% return on investment in TECIL Chemicals over 30 days. TECIL Chemicals is related to or competes with AU Small, Juniper Hotels, Compucom Software, Chalet Hotels, General Insurance, IDFC First, and EIH Associated. TECIL Chemicals is entity of India. It is traded as Stock on NSE exchange. More
TECIL Chemicals 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 TECIL Chemicals' 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 TECIL Chemicals and upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.99 | |||
| Information Ratio | 0.0279 | |||
| Maximum Drawdown | 9.98 | |||
| Value At Risk | (4.66) | |||
| Potential Upside | 4.89 |
TECIL Chemicals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TECIL Chemicals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TECIL Chemicals' standard deviation. In reality, there are many statistical measures that can use TECIL Chemicals historical prices to predict the future TECIL Chemicals' volatility.| Risk Adjusted Performance | 0.0557 | |||
| Jensen Alpha | 0.0966 | |||
| Total Risk Alpha | (0.1) | |||
| Sortino Ratio | 0.0263 | |||
| Treynor Ratio | 0.202 |
TECIL Chemicals Backtested Returns
TECIL Chemicals appears to be very steady, given 3 months investment horizon. TECIL Chemicals retains Efficiency (Sharpe Ratio) of 0.0769, which indicates the firm had a 0.0769 % return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for TECIL Chemicals, which you can use to evaluate the volatility of the company. Please review TECIL Chemicals' downside deviation of 2.99, and Risk Adjusted Performance of 0.0557 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, TECIL Chemicals holds a performance score of 6. The entity owns a Beta (Systematic Risk) of 0.76, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, TECIL Chemicals' returns are expected to increase less than the market. However, during the bear market, the loss of holding TECIL Chemicals is expected to be smaller as well. Please check TECIL Chemicals' jensen alpha, semi variance, day typical price, as well as the relationship between the maximum drawdown and accumulation distribution , to make a quick decision on whether TECIL Chemicals' current price history will revert.
Auto-correlation | -0.74 |
Almost perfect reverse predictability
TECIL Chemicals and has almost perfect reverse predictability. Overlapping area represents the amount of predictability between TECIL Chemicals time series from 31st of December 2024 to 15th of January 2025 and 15th of January 2025 to 30th of January 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 TECIL Chemicals price movement. The serial correlation of -0.74 indicates that around 74.0% of current TECIL Chemicals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.74 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.48 |
TECIL Chemicals lagged returns against current returns
Autocorrelation, which is TECIL Chemicals 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 TECIL Chemicals' stock expected returns. We can calculate the autocorrelation of TECIL Chemicals returns to help us make a trade decision. For example, suppose you find that TECIL Chemicals 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 |
TECIL Chemicals 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 TECIL Chemicals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TECIL Chemicals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TECIL Chemicals stock over time.
Current vs Lagged Prices |
| Timeline |
TECIL Chemicals Lagged Returns
When evaluating TECIL Chemicals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TECIL Chemicals stock have on its future price. TECIL Chemicals 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, TECIL Chemicals autocorrelation shows the relationship between TECIL Chemicals stock current value and its past values and can show if there is a momentum factor associated with investing in TECIL Chemicals 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 TECIL Stock
TECIL Chemicals financial ratios help investors to determine whether TECIL 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 TECIL with respect to the benefits of owning TECIL Chemicals security.