Gangotri Textiles (India) Market Value
| GANGOTRI | 1.14 0.06 5.00% |
| Symbol | Gangotri |
Gangotri Textiles '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 Gangotri Textiles' 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 Gangotri Textiles.
| 06/01/2024 |
| 11/28/2024 |
If you would invest 0.00 in Gangotri Textiles on June 1, 2024 and sell it all today you would earn a total of 0.00 from holding Gangotri Textiles Limited or generate 0.0% return on investment in Gangotri Textiles over 180 days. Gangotri Textiles is related to or competes with Apollo Hospitals, Sri Havisha, Medplus Health, DMCC SPECIALITY, Max Healthcare, Bajaj Healthcare, and Neogen Chemicals. Gangotri Textiles is entity of India. It is traded as Stock on NSE exchange. More
Gangotri Textiles 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 Gangotri Textiles' 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 Gangotri Textiles Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 9.85 | |||
| Value At Risk | (5.13) | |||
| Potential Upside | 2.22 |
Gangotri Textiles Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gangotri Textiles' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gangotri Textiles' standard deviation. In reality, there are many statistical measures that can use Gangotri Textiles historical prices to predict the future Gangotri Textiles' volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.36) | |||
| Total Risk Alpha | (0.57) | |||
| Treynor Ratio | (0.50) |
Gangotri Textiles Backtested Returns
Gangotri Textiles holds Efficiency (Sharpe) Ratio of -0.15, which attests that the entity had a -0.15% return per unit of risk over the last 3 months. Gangotri Textiles exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Gangotri Textiles' Risk Adjusted Performance of (0.11), market risk adjusted performance of (0.49), and Standard Deviation of 1.87 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.58, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Gangotri Textiles' returns are expected to increase less than the market. However, during the bear market, the loss of holding Gangotri Textiles is expected to be smaller as well. At this point, Gangotri Textiles has a negative expected return of -0.3%. Please make sure to check out Gangotri Textiles' variance, potential upside, as well as the relationship between the Potential Upside and day median price , to decide if Gangotri Textiles performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.01 |
Very weak reverse predictability
Gangotri Textiles Limited has very weak reverse predictability. Overlapping area represents the amount of predictability between Gangotri Textiles time series from 1st of June 2024 to 30th of August 2024 and 30th of August 2024 to 28th 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 Gangotri Textiles price movement. The serial correlation of -0.01 indicates that just 1.0% of current Gangotri Textiles price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Gangotri Textiles lagged returns against current returns
Autocorrelation, which is Gangotri Textiles 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 Gangotri Textiles' stock expected returns. We can calculate the autocorrelation of Gangotri Textiles returns to help us make a trade decision. For example, suppose you find that Gangotri Textiles 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 |
Gangotri Textiles 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 Gangotri Textiles stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gangotri Textiles stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gangotri Textiles stock over time.
Current vs Lagged Prices |
| Timeline |
Gangotri Textiles Lagged Returns
When evaluating Gangotri Textiles' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gangotri Textiles stock have on its future price. Gangotri Textiles 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, Gangotri Textiles autocorrelation shows the relationship between Gangotri Textiles stock current value and its past values and can show if there is a momentum factor associated with investing in Gangotri Textiles 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.Additional Tools for Gangotri Stock Analysis
When running Gangotri Textiles' price analysis, check to measure Gangotri Textiles' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Gangotri Textiles is operating at the current time. Most of Gangotri Textiles' value examination focuses on studying past and present price action to predict the probability of Gangotri Textiles' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gangotri Textiles' price. Additionally, you may evaluate how the addition of Gangotri Textiles to your portfolios can decrease your overall portfolio volatility.