Dhanuka Agritech (India) Market Value
| DHANUKA Stock | 1,510 77.75 4.90% |
| Symbol | Dhanuka |
Dhanuka Agritech '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 Dhanuka Agritech'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 Dhanuka Agritech.
| 11/20/2024 |
| 12/20/2024 |
If you would invest 0.00 in Dhanuka Agritech on November 20, 2024 and sell it all today you would earn a total of 0.00 from holding Dhanuka Agritech Limited or generate 0.0% return on investment in Dhanuka Agritech over 30 days. Dhanuka Agritech is related to or competes with NMDC, Steel Authority, Embassy Office, Gujarat Narmada, Gujarat Alkalies, Indian Metals, and JTL Industries. Dhanuka Agritech is entity of India. It is traded as Stock on NSE exchange. More
Dhanuka Agritech 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 Dhanuka Agritech'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 Dhanuka Agritech Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.1 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 10.42 | |||
| Value At Risk | (3.94) | |||
| Potential Upside | 4.28 |
Dhanuka Agritech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dhanuka Agritech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dhanuka Agritech's standard deviation. In reality, there are many statistical measures that can use Dhanuka Agritech historical prices to predict the future Dhanuka Agritech's volatility.| Risk Adjusted Performance | 0.017 | |||
| Jensen Alpha | 7.0E-4 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.0243 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Dhanuka Agritech's 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.
Dhanuka Agritech Backtested Returns
At this point, Dhanuka Agritech is very steady. Dhanuka Agritech secures Sharpe Ratio (or Efficiency) of 0.0188, which denotes the company had a 0.0188% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Dhanuka Agritech Limited, which you can use to evaluate the volatility of the firm. Please confirm Dhanuka Agritech's Semi Deviation of 2.0, mean deviation of 1.61, and Downside Deviation of 2.1 to check if the risk estimate we provide is consistent with the expected return of 0.0418%. Dhanuka Agritech has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.81, which means possible diversification benefits within a given portfolio. As returns on the market increase, Dhanuka Agritech's returns are expected to increase less than the market. However, during the bear market, the loss of holding Dhanuka Agritech is expected to be smaller as well. Dhanuka Agritech right now shows a risk of 2.23%. Please confirm Dhanuka Agritech coefficient of variation, semi variance, price action indicator, as well as the relationship between the treynor ratio and daily balance of power , to decide if Dhanuka Agritech will be following its price patterns.
Auto-correlation | -0.35 |
Poor reverse predictability
Dhanuka Agritech Limited has poor reverse predictability. Overlapping area represents the amount of predictability between Dhanuka Agritech time series from 20th of November 2024 to 5th of December 2024 and 5th of December 2024 to 20th 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 Dhanuka Agritech price movement. The serial correlation of -0.35 indicates that nearly 35.0% of current Dhanuka Agritech price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.35 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 988.8 |
Dhanuka Agritech lagged returns against current returns
Autocorrelation, which is Dhanuka Agritech 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 Dhanuka Agritech's stock expected returns. We can calculate the autocorrelation of Dhanuka Agritech returns to help us make a trade decision. For example, suppose you find that Dhanuka Agritech 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 |
Dhanuka Agritech 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 Dhanuka Agritech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dhanuka Agritech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dhanuka Agritech stock over time.
Current vs Lagged Prices |
| Timeline |
Dhanuka Agritech Lagged Returns
When evaluating Dhanuka Agritech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dhanuka Agritech stock have on its future price. Dhanuka Agritech 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, Dhanuka Agritech autocorrelation shows the relationship between Dhanuka Agritech stock current value and its past values and can show if there is a momentum factor associated with investing in Dhanuka Agritech Limited.
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.Other Information on Investing in Dhanuka Stock
Dhanuka Agritech financial ratios help investors to determine whether Dhanuka 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 Dhanuka with respect to the benefits of owning Dhanuka Agritech security.