Time Technoplast (India) Market Value
| TIMETECHNO | 449.45 19.60 4.56% |
| Symbol | Time |
Time Technoplast '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 Time Technoplast'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 Time Technoplast.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Time Technoplast on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Time Technoplast Limited or generate 0.0% return on investment in Time Technoplast over 180 days. Time Technoplast is related to or competes with FCS Software, Orient Technologies, Data Patterns, PB Fintech, Jaypee Infratech, California Software, and Agro Tech. Time Technoplast is entity of India. It is traded as Stock on NSE exchange. More
Time Technoplast 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 Time Technoplast'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 Time Technoplast Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.9 | |||
| Information Ratio | 0.0437 | |||
| Maximum Drawdown | 16.46 | |||
| Value At Risk | (4.24) | |||
| Potential Upside | 5.88 |
Time Technoplast Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Time Technoplast's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Time Technoplast's standard deviation. In reality, there are many statistical measures that can use Time Technoplast historical prices to predict the future Time Technoplast's volatility.| Risk Adjusted Performance | 0.0732 | |||
| Jensen Alpha | 0.1707 | |||
| Total Risk Alpha | (0.28) | |||
| Sortino Ratio | 0.0493 | |||
| Treynor Ratio | 0.3457 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Time Technoplast's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Time Technoplast Backtested Returns
Time Technoplast appears to be very steady, given 3 months investment horizon. Time Technoplast owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0739, which indicates the firm had a 0.0739% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Time Technoplast Limited, which you can use to evaluate the volatility of the company. Please review Time Technoplast's Risk Adjusted Performance of 0.0732, coefficient of variation of 1167.18, and Semi Deviation of 2.64 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Time Technoplast holds a performance score of 5. The entity has a beta of 0.78, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Time Technoplast's returns are expected to increase less than the market. However, during the bear market, the loss of holding Time Technoplast is expected to be smaller as well. Please check Time Technoplast's expected short fall, and the relationship between the maximum drawdown and rate of daily change , to make a quick decision on whether Time Technoplast's existing price patterns will revert.
Auto-correlation | -0.22 |
Weak reverse predictability
Time Technoplast Limited has weak reverse predictability. Overlapping area represents the amount of predictability between Time Technoplast time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd of December 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 Time Technoplast price movement. The serial correlation of -0.22 indicates that over 22.0% of current Time Technoplast price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 526.45 |
Time Technoplast lagged returns against current returns
Autocorrelation, which is Time Technoplast 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 Time Technoplast's stock expected returns. We can calculate the autocorrelation of Time Technoplast returns to help us make a trade decision. For example, suppose you find that Time Technoplast 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 |
Time Technoplast 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 Time Technoplast stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Time Technoplast stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Time Technoplast stock over time.
Current vs Lagged Prices |
| Timeline |
Time Technoplast Lagged Returns
When evaluating Time Technoplast's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Time Technoplast stock have on its future price. Time Technoplast 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, Time Technoplast autocorrelation shows the relationship between Time Technoplast stock current value and its past values and can show if there is a momentum factor associated with investing in Time Technoplast Limited.
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.Other Information on Investing in Time Stock
Time Technoplast financial ratios help investors to determine whether Time 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 Time with respect to the benefits of owning Time Technoplast security.