Tilaknagar Industries (India) Market Value
| TI Stock | 383.95 20.95 5.77% |
| Symbol | Tilaknagar |
Tilaknagar Industries '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 Tilaknagar Industries' 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 Tilaknagar Industries.
| 08/29/2024 |
| 11/27/2024 |
If you would invest 0.00 in Tilaknagar Industries on August 29, 2024 and sell it all today you would earn a total of 0.00 from holding Tilaknagar Industries Limited or generate 0.0% return on investment in Tilaknagar Industries over 90 days. Tilaknagar Industries is related to or competes with Computer Age, Data Patterns, Manaksia Coated, Shaily Engineering, Hathway Cable, Indian Metals, and Datamatics Global. Tilaknagar Industries is entity of India More
Tilaknagar Industries 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 Tilaknagar Industries' 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 Tilaknagar Industries Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.4 | |||
| Information Ratio | 0.1661 | |||
| Maximum Drawdown | 20.15 | |||
| Value At Risk | (3.67) | |||
| Potential Upside | 7.38 |
Tilaknagar Industries Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tilaknagar Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tilaknagar Industries' standard deviation. In reality, there are many statistical measures that can use Tilaknagar Industries historical prices to predict the future Tilaknagar Industries' volatility.| Risk Adjusted Performance | 0.1626 | |||
| Jensen Alpha | 0.5235 | |||
| Total Risk Alpha | 0.1515 | |||
| Sortino Ratio | 0.2486 | |||
| Treynor Ratio | 0.445 |
Tilaknagar Industries Backtested Returns
Tilaknagar Industries appears to be very steady, given 3 months investment horizon. Tilaknagar Industries owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.2, which indicates the firm had a 0.2% return per unit of risk over the last 3 months. By inspecting Tilaknagar Industries' technical indicators, you can evaluate if the expected return of 0.71% is justified by implied risk. Please review Tilaknagar Industries' Risk Adjusted Performance of 0.1626, semi deviation of 1.92, and Coefficient Of Variation of 494.02 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Tilaknagar Industries holds a performance score of 15. The entity has a beta of 1.61, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Tilaknagar Industries will likely underperform. Please check Tilaknagar Industries' expected short fall, and the relationship between the maximum drawdown and rate of daily change , to make a quick decision on whether Tilaknagar Industries' existing price patterns will revert.
Auto-correlation | -0.19 |
Insignificant reverse predictability
Tilaknagar Industries Limited has insignificant reverse predictability. Overlapping area represents the amount of predictability between Tilaknagar Industries time series from 29th of August 2024 to 13th of October 2024 and 13th of October 2024 to 27th 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 Tilaknagar Industries price movement. The serial correlation of -0.19 indicates that over 19.0% of current Tilaknagar Industries price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 1110.18 |
Tilaknagar Industries lagged returns against current returns
Autocorrelation, which is Tilaknagar Industries 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 Tilaknagar Industries' stock expected returns. We can calculate the autocorrelation of Tilaknagar Industries returns to help us make a trade decision. For example, suppose you find that Tilaknagar Industries 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 |
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Tilaknagar Industries 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 Tilaknagar Industries stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tilaknagar Industries stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tilaknagar Industries stock over time.
Current vs Lagged Prices |
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Tilaknagar Industries Lagged Returns
When evaluating Tilaknagar Industries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tilaknagar Industries stock have on its future price. Tilaknagar Industries 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, Tilaknagar Industries autocorrelation shows the relationship between Tilaknagar Industries stock current value and its past values and can show if there is a momentum factor associated with investing in Tilaknagar Industries Limited.
Regressed Prices |
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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 Tilaknagar Stock
Tilaknagar Industries financial ratios help investors to determine whether Tilaknagar 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 Tilaknagar with respect to the benefits of owning Tilaknagar Industries security.