Zuari Agro (India) Market Value
| ZUARI Stock | 222.74 6.29 2.91% |
| Symbol | Zuari |
Zuari Agro '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 Zuari Agro'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 Zuari Agro.
| 09/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Zuari Agro on September 27, 2024 and sell it all today you would earn a total of 0.00 from holding Zuari Agro Chemicals or generate 0.0% return on investment in Zuari Agro over 60 days. Zuari Agro is related to or competes with NMDC, Steel Authority, Embassy Office, Gujarat Narmada, Gujarat Alkalies, Indian Metals, and JTL Industries. Zuari Agro is entity of India. It is traded as Stock on NSE exchange. More
Zuari Agro 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 Zuari Agro'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 Zuari Agro Chemicals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.98 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 10.99 | |||
| Value At Risk | (3.84) | |||
| Potential Upside | 4.01 |
Zuari Agro Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zuari Agro's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zuari Agro's standard deviation. In reality, there are many statistical measures that can use Zuari Agro historical prices to predict the future Zuari Agro's volatility.| Risk Adjusted Performance | 0.0469 | |||
| Jensen Alpha | 0.0817 | |||
| Total Risk Alpha | (0.24) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.4887 |
Zuari Agro Chemicals Backtested Returns
As of now, Zuari Stock is very steady. Zuari Agro Chemicals shows Sharpe Ratio of 0.0653, which attests that the company had a 0.0653% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Zuari Agro Chemicals, which you can use to evaluate the volatility of the company. Please check out Zuari Agro's Mean Deviation of 1.66, market risk adjusted performance of 0.4987, and Downside Deviation of 1.98 to validate if the risk estimate we provide is consistent with the expected return of 0.15%. Zuari Agro has a performance score of 5 on a scale of 0 to 100. The firm maintains a market beta of 0.22, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Zuari Agro's returns are expected to increase less than the market. However, during the bear market, the loss of holding Zuari Agro is expected to be smaller as well. Zuari Agro Chemicals right now maintains a risk of 2.29%. Please check out Zuari Agro Chemicals potential upside, and the relationship between the total risk alpha and kurtosis , to decide if Zuari Agro Chemicals will be following its historical returns.
Auto-correlation | -0.42 |
Modest reverse predictability
Zuari Agro Chemicals has modest reverse predictability. Overlapping area represents the amount of predictability between Zuari Agro time series from 27th of September 2024 to 27th of October 2024 and 27th of October 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 Zuari Agro Chemicals price movement. The serial correlation of -0.42 indicates that just about 42.0% of current Zuari Agro price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.42 | |
| Spearman Rank Test | -0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 124.12 |
Zuari Agro Chemicals lagged returns against current returns
Autocorrelation, which is Zuari Agro 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 Zuari Agro's stock expected returns. We can calculate the autocorrelation of Zuari Agro returns to help us make a trade decision. For example, suppose you find that Zuari Agro 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 |
Zuari Agro 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 Zuari Agro stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zuari Agro stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zuari Agro stock over time.
Current vs Lagged Prices |
| Timeline |
Zuari Agro Lagged Returns
When evaluating Zuari Agro's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zuari Agro stock have on its future price. Zuari Agro 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, Zuari Agro autocorrelation shows the relationship between Zuari Agro stock current value and its past values and can show if there is a momentum factor associated with investing in Zuari Agro Chemicals.
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 Zuari Stock
Zuari Agro financial ratios help investors to determine whether Zuari 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 Zuari with respect to the benefits of owning Zuari Agro security.