Chembond Chemicals (India) Market Value
| CHEMBOND | 607.10 20.20 3.44% |
| Symbol | Chembond |
Chembond 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 Chembond 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 Chembond Chemicals.
| 11/21/2024 |
| 12/21/2024 |
If you would invest 0.00 in Chembond Chemicals on November 21, 2024 and sell it all today you would earn a total of 0.00 from holding Chembond Chemicals or generate 0.0% return on investment in Chembond Chemicals over 30 days. Chembond Chemicals is related to or competes with NMDC, Steel Authority, Embassy Office, Gujarat Narmada, Gujarat Alkalies, Indian Metals, and India Glycols. Chembond Chemicals is entity of India. It is traded as Stock on NSE exchange. More
Chembond 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 Chembond 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 Chembond Chemicals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.94 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 11.81 | |||
| Value At Risk | (3.51) | |||
| Potential Upside | 3.41 |
Chembond Chemicals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chembond Chemicals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chembond Chemicals' standard deviation. In reality, there are many statistical measures that can use Chembond Chemicals historical prices to predict the future Chembond Chemicals' volatility.| Risk Adjusted Performance | 0.0126 | |||
| Jensen Alpha | 0.0045 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0723 |
Chembond Chemicals Backtested Returns
As of now, Chembond Stock is very steady. Chembond Chemicals secures Sharpe Ratio (or Efficiency) of 0.0139, which signifies that the company had a 0.0139% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Chembond Chemicals, which you can use to evaluate the volatility of the firm. Please confirm Chembond Chemicals' mean deviation of 1.45, and Risk Adjusted Performance of 0.0126 to double-check if the risk estimate we provide is consistent with the expected return of 0.0281%. Chembond Chemicals has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0895, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Chembond Chemicals' returns are expected to increase less than the market. However, during the bear market, the loss of holding Chembond Chemicals is expected to be smaller as well. Chembond Chemicals right now shows a risk of 2.02%. Please confirm Chembond Chemicals treynor ratio, expected short fall, and the relationship between the jensen alpha and potential upside , to decide if Chembond Chemicals will be following its price patterns.
Auto-correlation | 0.03 |
Virtually no predictability
Chembond Chemicals has virtually no predictability. Overlapping area represents the amount of predictability between Chembond Chemicals time series from 21st of November 2024 to 6th of December 2024 and 6th of December 2024 to 21st 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 Chembond Chemicals price movement. The serial correlation of 0.03 indicates that only 3.0% of current Chembond Chemicals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.03 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 201.88 |
Chembond Chemicals lagged returns against current returns
Autocorrelation, which is Chembond 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 Chembond Chemicals' stock expected returns. We can calculate the autocorrelation of Chembond Chemicals returns to help us make a trade decision. For example, suppose you find that Chembond 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 |
Chembond 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 Chembond Chemicals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chembond Chemicals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chembond Chemicals stock over time.
Current vs Lagged Prices |
| Timeline |
Chembond Chemicals Lagged Returns
When evaluating Chembond Chemicals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chembond Chemicals stock have on its future price. Chembond 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, Chembond Chemicals autocorrelation shows the relationship between Chembond Chemicals stock current value and its past values and can show if there is a momentum factor associated with investing in Chembond 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 Chembond Stock
Chembond Chemicals financial ratios help investors to determine whether Chembond 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 Chembond with respect to the benefits of owning Chembond Chemicals security.