Texmaco Rail (India) Market Value
| TEXRAIL Stock | 215.52 0.40 0.19% |
| Symbol | Texmaco |
Texmaco Rail '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 Rail'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 Rail.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Texmaco Rail on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Texmaco Rail Engineering or generate 0.0% return on investment in Texmaco Rail over 540 days. Texmaco Rail is related to or competes with Kingfa Science, GTL, Indo Amines, Exide Industries, Delta Manufacturing, EID Parry, and Lakshmi Precision. Texmaco Rail is entity of India. It is traded as Stock on NSE exchange. More
Texmaco Rail 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 Rail'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 Rail Engineering upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 13.34 | |||
| Value At Risk | (3.72) | |||
| Potential Upside | 4.92 |
Texmaco Rail Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Texmaco Rail's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Texmaco Rail's standard deviation. In reality, there are many statistical measures that can use Texmaco Rail historical prices to predict the future Texmaco Rail's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (0.60) | |||
| Treynor Ratio | (0.21) |
Texmaco Rail Engineering Backtested Returns
Texmaco Rail Engineering owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0298, which indicates the firm had a -0.0298% return per unit of risk over the last 3 months. Texmaco Rail Engineering exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Texmaco Rail's Variance of 8.45, risk adjusted performance of (0.03), and Coefficient Of Variation of (1,919) to confirm the risk estimate we provide. The entity has a beta of 0.76, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Texmaco Rail's returns are expected to increase less than the market. However, during the bear market, the loss of holding Texmaco Rail is expected to be smaller as well. At this point, Texmaco Rail Engineering has a negative expected return of -0.0869%. Please make sure to validate Texmaco Rail's maximum drawdown, and the relationship between the information ratio and accumulation distribution , to decide if Texmaco Rail Engineering performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.32 |
Below average predictability
Texmaco Rail Engineering has below average predictability. Overlapping area represents the amount of predictability between Texmaco Rail time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 Rail Engineering price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current Texmaco Rail price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | 0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 1151.73 |
Texmaco Rail Engineering lagged returns against current returns
Autocorrelation, which is Texmaco Rail 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 Rail's stock expected returns. We can calculate the autocorrelation of Texmaco Rail returns to help us make a trade decision. For example, suppose you find that Texmaco Rail 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 Rail 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 Rail stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Texmaco Rail stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Texmaco Rail stock over time.
Current vs Lagged Prices |
| Timeline |
Texmaco Rail Lagged Returns
When evaluating Texmaco Rail's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Texmaco Rail stock have on its future price. Texmaco Rail 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 Rail autocorrelation shows the relationship between Texmaco Rail stock current value and its past values and can show if there is a momentum factor associated with investing in Texmaco Rail Engineering.
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 Texmaco Stock
Texmaco Rail financial ratios help investors to determine whether Texmaco 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 Texmaco with respect to the benefits of owning Texmaco Rail security.