India Glycols (India) Market Value
| INDIAGLYCO | 1,359 82.95 6.50% |
| Symbol | India |
India Glycols '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 India Glycols' 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 India Glycols.
| 09/04/2024 |
| 12/03/2024 |
If you would invest 0.00 in India Glycols on September 4, 2024 and sell it all today you would earn a total of 0.00 from holding India Glycols Limited or generate 0.0% return on investment in India Glycols over 90 days. India Glycols is related to or competes with Manaksia Coated, Sarthak Metals, Sasken Technologies, Alkali Metals, Agro Tech, Sonata Software, and Ratnamani Metals. India Glycols is entity of India. It is traded as Stock on NSE exchange. More
India Glycols 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 India Glycols' 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 India Glycols Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.76 | |||
| Information Ratio | 0.0056 | |||
| Maximum Drawdown | 23.17 | |||
| Value At Risk | (4.42) | |||
| Potential Upside | 6.5 |
India Glycols Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for India Glycols' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as India Glycols' standard deviation. In reality, there are many statistical measures that can use India Glycols historical prices to predict the future India Glycols' volatility.| Risk Adjusted Performance | 0.0381 | |||
| Jensen Alpha | 0.0242 | |||
| Total Risk Alpha | (0.41) | |||
| Sortino Ratio | 0.0075 | |||
| Treynor Ratio | 0.1393 |
India Glycols Limited Backtested Returns
As of now, India Stock is very steady. India Glycols Limited holds Efficiency (Sharpe) Ratio of 0.0259, which attests that the entity had a 0.0259% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for India Glycols Limited, which you can use to evaluate the volatility of the firm. Please check out India Glycols' Market Risk Adjusted Performance of 0.1493, downside deviation of 2.76, and Risk Adjusted Performance of 0.0381 to validate if the risk estimate we provide is consistent with the expected return of 0.0934%. India Glycols has a performance score of 2 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.97, which attests to possible diversification benefits within a given portfolio. India Glycols returns are very sensitive to returns on the market. As the market goes up or down, India Glycols is expected to follow. India Glycols Limited right now retains a risk of 3.6%. Please check out India Glycols total risk alpha, value at risk, and the relationship between the standard deviation and treynor ratio , to decide if India Glycols will be following its current trending patterns.
Auto-correlation | 0.15 |
Insignificant predictability
India Glycols Limited has insignificant predictability. Overlapping area represents the amount of predictability between India Glycols time series from 4th of September 2024 to 19th of October 2024 and 19th of October 2024 to 3rd 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 India Glycols Limited price movement. The serial correlation of 0.15 indicates that less than 15.0% of current India Glycols price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 4642.51 |
India Glycols Limited lagged returns against current returns
Autocorrelation, which is India Glycols 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 India Glycols' stock expected returns. We can calculate the autocorrelation of India Glycols returns to help us make a trade decision. For example, suppose you find that India Glycols 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 |
India Glycols 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 India Glycols stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if India Glycols stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in India Glycols stock over time.
Current vs Lagged Prices |
| Timeline |
India Glycols Lagged Returns
When evaluating India Glycols' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of India Glycols stock have on its future price. India Glycols 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, India Glycols autocorrelation shows the relationship between India Glycols stock current value and its past values and can show if there is a momentum factor associated with investing in India Glycols Limited.
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 India Stock
India Glycols financial ratios help investors to determine whether India 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 India with respect to the benefits of owning India Glycols security.