Visa Steel (India) Market Value
| VISASTEEL | 35.23 1.67 4.98% |
| Symbol | Visa |
Visa Steel '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 Visa Steel'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 Visa Steel.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Visa Steel on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Visa Steel Limited or generate 0.0% return on investment in Visa Steel over 30 days. Visa Steel is related to or competes with NMDC, Embassy Office, Gujarat Narmada, Gujarat Alkalies, Indian Metals, JTL Industries, and India Glycols. Visa Steel is entity of India. It is traded as Stock on NSE exchange. More
Visa Steel 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 Visa Steel'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 Visa Steel Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.47 | |||
| Information Ratio | 0.2726 | |||
| Maximum Drawdown | 11.86 | |||
| Value At Risk | (4.98) | |||
| Potential Upside | 5.0 |
Visa Steel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Visa Steel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Visa Steel's standard deviation. In reality, there are many statistical measures that can use Visa Steel historical prices to predict the future Visa Steel's volatility.| Risk Adjusted Performance | 0.2445 | |||
| Jensen Alpha | 0.9433 | |||
| Total Risk Alpha | 0.5054 | |||
| Sortino Ratio | 0.1422 | |||
| Treynor Ratio | (1.33) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Visa Steel'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.
Visa Steel Limited Backtested Returns
Visa Steel appears to be not too volatile, given 3 months investment horizon. Visa Steel Limited owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.3, which indicates the firm had a 0.3% return per unit of risk over the last 3 months. By inspecting Visa Steel's technical indicators, you can evaluate if the expected return of 0.85% is justified by implied risk. Please review Visa Steel's Semi Deviation of 1.51, risk adjusted performance of 0.2445, and Coefficient Of Variation of 321.6 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Visa Steel holds a performance score of 23. The entity has a beta of -0.66, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Visa Steel are expected to decrease at a much lower rate. During the bear market, Visa Steel is likely to outperform the market. Please check Visa Steel's downside variance, as well as the relationship between the daily balance of power and period momentum indicator , to make a quick decision on whether Visa Steel's existing price patterns will revert.
Auto-correlation | -0.73 |
Almost perfect reverse predictability
Visa Steel Limited has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Visa Steel time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Visa Steel Limited price movement. The serial correlation of -0.73 indicates that around 73.0% of current Visa Steel price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.73 | |
| Spearman Rank Test | -0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 7.75 |
Visa Steel Limited lagged returns against current returns
Autocorrelation, which is Visa Steel 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 Visa Steel's stock expected returns. We can calculate the autocorrelation of Visa Steel returns to help us make a trade decision. For example, suppose you find that Visa Steel 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 |
Visa Steel 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 Visa Steel stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Visa Steel stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Visa Steel stock over time.
Current vs Lagged Prices |
| Timeline |
Visa Steel Lagged Returns
When evaluating Visa Steel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Visa Steel stock have on its future price. Visa Steel 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, Visa Steel autocorrelation shows the relationship between Visa Steel stock current value and its past values and can show if there is a momentum factor associated with investing in Visa Steel Limited.
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 Visa Stock
Visa Steel financial ratios help investors to determine whether Visa 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 Visa with respect to the benefits of owning Visa Steel security.