Vardhman Special (India) Market Value
| VSSL Stock | 266.35 3.00 1.14% |
| Symbol | Vardhman |
Vardhman Special '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 Vardhman Special'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 Vardhman Special.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Vardhman Special on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Vardhman Special Steels or generate 0.0% return on investment in Vardhman Special over 30 days. Vardhman Special is related to or competes with Embassy Office, Gujarat Narmada, Gujarat Alkalies, JTL Industries, and India Glycols. Vardhman Special is entity of India. It is traded as Stock on NSE exchange. More
Vardhman Special 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 Vardhman Special'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 Vardhman Special Steels upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 11.05 | |||
| Value At Risk | (3.61) | |||
| Potential Upside | 2.25 |
Vardhman Special Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vardhman Special's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vardhman Special's standard deviation. In reality, there are many statistical measures that can use Vardhman Special historical prices to predict the future Vardhman Special's volatility.| Risk Adjusted Performance | 6.0E-4 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.31) | |||
| Treynor Ratio | (0.07) |
Vardhman Special Steels Backtested Returns
Vardhman Special Steels owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0619, which indicates the firm had a -0.0619% return per unit of risk over the last 3 months. Vardhman Special Steels exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Vardhman Special's Coefficient Of Variation of (14,557), risk adjusted performance of 6.0E-4, and Variance of 3.4 to confirm the risk estimate we provide. The entity has a beta of 0.33, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Vardhman Special's returns are expected to increase less than the market. However, during the bear market, the loss of holding Vardhman Special is expected to be smaller as well. At this point, Vardhman Special Steels has a negative expected return of -0.11%. Please make sure to validate Vardhman Special's potential upside, kurtosis, daily balance of power, as well as the relationship between the skewness and accumulation distribution , to decide if Vardhman Special Steels performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.13 |
Insignificant reverse predictability
Vardhman Special Steels has insignificant reverse predictability. Overlapping area represents the amount of predictability between Vardhman Special time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Vardhman Special Steels price movement. The serial correlation of -0.13 indicates that less than 13.0% of current Vardhman Special price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 21.39 |
Vardhman Special Steels lagged returns against current returns
Autocorrelation, which is Vardhman Special 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 Vardhman Special's stock expected returns. We can calculate the autocorrelation of Vardhman Special returns to help us make a trade decision. For example, suppose you find that Vardhman Special 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 |
Vardhman Special 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 Vardhman Special stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vardhman Special stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vardhman Special stock over time.
Current vs Lagged Prices |
| Timeline |
Vardhman Special Lagged Returns
When evaluating Vardhman Special's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vardhman Special stock have on its future price. Vardhman Special 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, Vardhman Special autocorrelation shows the relationship between Vardhman Special stock current value and its past values and can show if there is a momentum factor associated with investing in Vardhman Special Steels.
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.Additional Tools for Vardhman Stock Analysis
When running Vardhman Special's price analysis, check to measure Vardhman Special'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 Vardhman Special is operating at the current time. Most of Vardhman Special's value examination focuses on studying past and present price action to predict the probability of Vardhman Special's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Vardhman Special's price. Additionally, you may evaluate how the addition of Vardhman Special to your portfolios can decrease your overall portfolio volatility.