Texmaco Infrastructure (India) Market Value
| TEXINFRA | 130.19 3.98 3.15% |
| Symbol | Texmaco |
Texmaco Infrastructure '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 Texmaco Infrastructure'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 Texmaco Infrastructure.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Texmaco Infrastructure on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Texmaco Infrastructure Holdings or generate 0.0% return on investment in Texmaco Infrastructure over 30 days. Texmaco Infrastructure is related to or competes with Steelcast, Kalyani Steels, MAS Financial, State Bank, Motilal Oswal, Rama Steel, and CSB Bank. Texmaco Infrastructure is entity of India More
Texmaco Infrastructure 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 Texmaco Infrastructure'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 Texmaco Infrastructure Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 12.79 | |||
| Value At Risk | (4.48) | |||
| Potential Upside | 4.68 |
Texmaco Infrastructure Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Texmaco Infrastructure's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Texmaco Infrastructure's standard deviation. In reality, there are many statistical measures that can use Texmaco Infrastructure historical prices to predict the future Texmaco Infrastructure's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.59) | |||
| Treynor Ratio | (0.95) |
Texmaco Infrastructure Backtested Returns
Texmaco Infrastructure owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0458, which indicates the firm had a -0.0458% return per unit of risk over the last 3 months. Texmaco Infrastructure Holdings exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Texmaco Infrastructure's Coefficient Of Variation of (1,923), variance of 8.11, and Risk Adjusted Performance of (0.03) to confirm the risk estimate we provide. The entity has a beta of 0.17, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Texmaco Infrastructure's returns are expected to increase less than the market. However, during the bear market, the loss of holding Texmaco Infrastructure is expected to be smaller as well. At this point, Texmaco Infrastructure has a negative expected return of -0.13%. Please make sure to validate Texmaco Infrastructure's jensen alpha, as well as the relationship between the skewness and day median price , to decide if Texmaco Infrastructure performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.47 |
Average predictability
Texmaco Infrastructure Holdings has average predictability. Overlapping area represents the amount of predictability between Texmaco Infrastructure 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 Texmaco Infrastructure price movement. The serial correlation of 0.47 indicates that about 47.0% of current Texmaco Infrastructure price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | 0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 12.63 |
Texmaco Infrastructure lagged returns against current returns
Autocorrelation, which is Texmaco Infrastructure 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 Texmaco Infrastructure's stock expected returns. We can calculate the autocorrelation of Texmaco Infrastructure returns to help us make a trade decision. For example, suppose you find that Texmaco Infrastructure 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 |
Texmaco Infrastructure 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 Texmaco Infrastructure stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Texmaco Infrastructure stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Texmaco Infrastructure stock over time.
Current vs Lagged Prices |
| Timeline |
Texmaco Infrastructure Lagged Returns
When evaluating Texmaco Infrastructure's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Texmaco Infrastructure stock have on its future price. Texmaco Infrastructure 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, Texmaco Infrastructure autocorrelation shows the relationship between Texmaco Infrastructure stock current value and its past values and can show if there is a momentum factor associated with investing in Texmaco Infrastructure Holdings.
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.Additional Tools for Texmaco Stock Analysis
When running Texmaco Infrastructure's price analysis, check to measure Texmaco Infrastructure'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 Texmaco Infrastructure is operating at the current time. Most of Texmaco Infrastructure's value examination focuses on studying past and present price action to predict the probability of Texmaco Infrastructure's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Texmaco Infrastructure's price. Additionally, you may evaluate how the addition of Texmaco Infrastructure to your portfolios can decrease your overall portfolio volatility.