Bhagiradha Chemicals (India) Market Value
| BHAGCHEM | 296.60 3.30 1.10% |
| Symbol | Bhagiradha |
Bhagiradha Chemicals '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 Bhagiradha Chemicals' 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 Bhagiradha Chemicals.
| 11/28/2024 |
| 12/28/2024 |
If you would invest 0.00 in Bhagiradha Chemicals on November 28, 2024 and sell it all today you would earn a total of 0.00 from holding Bhagiradha Chemicals Industries or generate 0.0% return on investment in Bhagiradha Chemicals over 30 days. Bhagiradha Chemicals is related to or competes with NMDC, Steel Authority, Embassy Office, Gujarat Narmada, Gujarat Alkalies, Indian Metals, and JTL Industries. Bhagiradha Chemicals is entity of India. It is traded as Stock on NSE exchange. More
Bhagiradha Chemicals 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 Bhagiradha Chemicals' 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 Bhagiradha Chemicals Industries upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 12.16 | |||
| Value At Risk | (4.55) | |||
| Potential Upside | 4.69 |
Bhagiradha Chemicals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bhagiradha Chemicals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bhagiradha Chemicals' standard deviation. In reality, there are many statistical measures that can use Bhagiradha Chemicals historical prices to predict the future Bhagiradha Chemicals' volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.29) | |||
| Total Risk Alpha | (0.36) | |||
| Treynor Ratio | (1.42) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Bhagiradha Chemicals' 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.
Bhagiradha Chemicals Backtested Returns
Bhagiradha Chemicals secures Sharpe Ratio (or Efficiency) of -0.0696, which signifies that the company had a -0.0696% return per unit of standard deviation over the last 3 months. Bhagiradha Chemicals Industries exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bhagiradha Chemicals' risk adjusted performance of (0.08), and Mean Deviation of 1.94 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.2, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Bhagiradha Chemicals' returns are expected to increase less than the market. However, during the bear market, the loss of holding Bhagiradha Chemicals is expected to be smaller as well. At this point, Bhagiradha Chemicals has a negative expected return of -0.19%. Please make sure to confirm Bhagiradha Chemicals' total risk alpha, potential upside, and the relationship between the standard deviation and maximum drawdown , to decide if Bhagiradha Chemicals performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.02 |
Virtually no predictability
Bhagiradha Chemicals Industries has virtually no predictability. Overlapping area represents the amount of predictability between Bhagiradha Chemicals time series from 28th of November 2024 to 13th of December 2024 and 13th of December 2024 to 28th 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 Bhagiradha Chemicals price movement. The serial correlation of 0.02 indicates that only 2.0% of current Bhagiradha Chemicals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.02 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 176.26 |
Bhagiradha Chemicals lagged returns against current returns
Autocorrelation, which is Bhagiradha Chemicals 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 Bhagiradha Chemicals' stock expected returns. We can calculate the autocorrelation of Bhagiradha Chemicals returns to help us make a trade decision. For example, suppose you find that Bhagiradha Chemicals 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 |
Bhagiradha Chemicals 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 Bhagiradha Chemicals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bhagiradha Chemicals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bhagiradha Chemicals stock over time.
Current vs Lagged Prices |
| Timeline |
Bhagiradha Chemicals Lagged Returns
When evaluating Bhagiradha Chemicals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bhagiradha Chemicals stock have on its future price. Bhagiradha Chemicals 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, Bhagiradha Chemicals autocorrelation shows the relationship between Bhagiradha Chemicals stock current value and its past values and can show if there is a momentum factor associated with investing in Bhagiradha Chemicals Industries.
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 Bhagiradha Stock
Bhagiradha Chemicals financial ratios help investors to determine whether Bhagiradha 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 Bhagiradha with respect to the benefits of owning Bhagiradha Chemicals security.