Gujarat Raffia (India) Market Value
| GUJRAFFIA | 65.03 2.47 3.95% |
| Symbol | Gujarat |
Gujarat Raffia '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 Gujarat Raffia'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 Gujarat Raffia.
| 11/16/2024 |
| 12/16/2024 |
If you would invest 0.00 in Gujarat Raffia on November 16, 2024 and sell it all today you would earn a total of 0.00 from holding Gujarat Raffia Industries or generate 0.0% return on investment in Gujarat Raffia over 30 days. Gujarat Raffia is related to or competes with LLOYDS METALS, Shivalik Bimetal, Sintex Plastics, Thirumalai Chemicals, Sanginita Chemicals, DMCC SPECIALITY, and Sukhjit Starch. Gujarat Raffia is entity of India. It is traded as Stock on NSE exchange. More
Gujarat Raffia 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 Gujarat Raffia'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 Gujarat Raffia Industries upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.21 | |||
| Information Ratio | 0.138 | |||
| Maximum Drawdown | 14.3 | |||
| Value At Risk | (3.84) | |||
| Potential Upside | 5.0 |
Gujarat Raffia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gujarat Raffia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gujarat Raffia's standard deviation. In reality, there are many statistical measures that can use Gujarat Raffia historical prices to predict the future Gujarat Raffia's volatility.| Risk Adjusted Performance | 0.1312 | |||
| Jensen Alpha | 0.5357 | |||
| Total Risk Alpha | 0.1326 | |||
| Sortino Ratio | 0.193 | |||
| Treynor Ratio | (2.51) |
Gujarat Raffia Industries Backtested Returns
Gujarat Raffia appears to be very steady, given 3 months investment horizon. Gujarat Raffia Industries holds Efficiency (Sharpe) Ratio of 0.18, which attests that the entity had a 0.18% return per unit of risk over the last 3 months. By evaluating Gujarat Raffia's technical indicators, you can evaluate if the expected return of 0.58% is justified by implied risk. Please utilize Gujarat Raffia's Downside Deviation of 2.21, market risk adjusted performance of (2.50), and Risk Adjusted Performance of 0.1312 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Gujarat Raffia holds a performance score of 14. The company retains a Market Volatility (i.e., Beta) of -0.21, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Gujarat Raffia are expected to decrease at a much lower rate. During the bear market, Gujarat Raffia is likely to outperform the market. Please check Gujarat Raffia's total risk alpha, expected short fall, market facilitation index, as well as the relationship between the value at risk and daily balance of power , to make a quick decision on whether Gujarat Raffia's current trending patterns will revert.
Auto-correlation | 0.88 |
Very good predictability
Gujarat Raffia Industries has very good predictability. Overlapping area represents the amount of predictability between Gujarat Raffia time series from 16th of November 2024 to 1st of December 2024 and 1st of December 2024 to 16th 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 Gujarat Raffia Industries price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current Gujarat Raffia price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.88 | |
| Spearman Rank Test | 0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 65.76 |
Gujarat Raffia Industries lagged returns against current returns
Autocorrelation, which is Gujarat Raffia 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 Gujarat Raffia's stock expected returns. We can calculate the autocorrelation of Gujarat Raffia returns to help us make a trade decision. For example, suppose you find that Gujarat Raffia 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 |
Gujarat Raffia 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 Gujarat Raffia stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gujarat Raffia stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gujarat Raffia stock over time.
Current vs Lagged Prices |
| Timeline |
Gujarat Raffia Lagged Returns
When evaluating Gujarat Raffia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gujarat Raffia stock have on its future price. Gujarat Raffia 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, Gujarat Raffia autocorrelation shows the relationship between Gujarat Raffia stock current value and its past values and can show if there is a momentum factor associated with investing in Gujarat Raffia 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 Gujarat Stock
Gujarat Raffia financial ratios help investors to determine whether Gujarat 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 Gujarat with respect to the benefits of owning Gujarat Raffia security.