Welspun Investments (India) Market Value
| WELINV Stock | 894.10 8.45 0.94% |
| Symbol | Welspun |
Welspun Investments '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 Welspun Investments' 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 Welspun Investments.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Welspun Investments on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Welspun Investments and or generate 0.0% return on investment in Welspun Investments over 510 days. Welspun Investments is related to or competes with Kingfa Science, Rico Auto, GACM Technologies, COSMO FIRST, Delta Manufacturing, Tribhovandas Bhimji, and Parag Milk. Welspun Investments is entity of India. It is traded as Stock on NSE exchange. More
Welspun Investments 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 Welspun Investments' 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 Welspun Investments and upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.05 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 19.85 | |||
| Value At Risk | (4.55) | |||
| Potential Upside | 5.6 |
Welspun Investments Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Welspun Investments' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Welspun Investments' standard deviation. In reality, there are many statistical measures that can use Welspun Investments historical prices to predict the future Welspun Investments' volatility.| Risk Adjusted Performance | 0.0173 | |||
| Jensen Alpha | (0.0004) | |||
| Total Risk Alpha | (0.47) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.1171 |
Welspun Investments and Backtested Returns
Welspun Investments and shows Sharpe Ratio of -0.0633, which attests that the company had a -0.0633% return per unit of risk over the last 3 months. Welspun Investments and exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Welspun Investments' Downside Deviation of 3.05, market risk adjusted performance of 0.1271, and Mean Deviation of 2.42 to validate the risk estimate we provide. The firm maintains a market beta of 0.27, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Welspun Investments' returns are expected to increase less than the market. However, during the bear market, the loss of holding Welspun Investments is expected to be smaller as well. At this point, Welspun Investments and has a negative expected return of -0.19%. Please make sure to check out Welspun Investments' expected short fall, and the relationship between the maximum drawdown and rate of daily change , to decide if Welspun Investments and performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.67 |
Good predictability
Welspun Investments and has good predictability. Overlapping area represents the amount of predictability between Welspun Investments time series from 5th of July 2023 to 16th of March 2024 and 16th of March 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 Welspun Investments and price movement. The serial correlation of 0.67 indicates that around 67.0% of current Welspun Investments price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | 0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 11.1 K |
Welspun Investments and lagged returns against current returns
Autocorrelation, which is Welspun Investments 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 Welspun Investments' stock expected returns. We can calculate the autocorrelation of Welspun Investments returns to help us make a trade decision. For example, suppose you find that Welspun Investments 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 |
Welspun Investments 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 Welspun Investments stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Welspun Investments stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Welspun Investments stock over time.
Current vs Lagged Prices |
| Timeline |
Welspun Investments Lagged Returns
When evaluating Welspun Investments' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Welspun Investments stock have on its future price. Welspun Investments 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, Welspun Investments autocorrelation shows the relationship between Welspun Investments stock current value and its past values and can show if there is a momentum factor associated with investing in Welspun Investments and.
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 Welspun Stock
Welspun Investments financial ratios help investors to determine whether Welspun 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 Welspun with respect to the benefits of owning Welspun Investments security.