Indo Borax (India) Market Value
| INDOBORAX | 197.56 1.96 0.98% |
| Symbol | Indo |
Indo Borax '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 Indo Borax'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 Indo Borax.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in Indo Borax on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding Indo Borax Chemicals or generate 0.0% return on investment in Indo Borax over 30 days. Indo Borax is related to or competes with NMDC, Steel Authority, Embassy Office, Gujarat Narmada, Gujarat Alkalies, Indian Metals, and JTL Industries. Indo Borax is entity of India. It is traded as Stock on NSE exchange. More
Indo Borax 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 Indo Borax'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 Indo Borax Chemicals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.02 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 19.96 | |||
| Value At Risk | (5.16) | |||
| Potential Upside | 6.42 |
Indo Borax Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Indo Borax's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Indo Borax's standard deviation. In reality, there are many statistical measures that can use Indo Borax historical prices to predict the future Indo Borax's volatility.| Risk Adjusted Performance | 0.0137 | |||
| Jensen Alpha | 0.0197 | |||
| Total Risk Alpha | (0.54) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (1.28) |
Indo Borax Chemicals Backtested Returns
Indo Borax Chemicals holds Efficiency (Sharpe) Ratio of -0.0228, which attests that the entity had a -0.0228% return per unit of risk over the last 3 months. Indo Borax Chemicals exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Indo Borax's Downside Deviation of 3.02, market risk adjusted performance of (1.27), and Risk Adjusted Performance of 0.0137 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.0141, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Indo Borax are expected to decrease at a much lower rate. During the bear market, Indo Borax is likely to outperform the market. At this point, Indo Borax Chemicals has a negative expected return of -0.0854%. Please make sure to check out Indo Borax's maximum drawdown, skewness, and the relationship between the total risk alpha and downside variance , to decide if Indo Borax Chemicals performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.75 |
Almost perfect reverse predictability
Indo Borax Chemicals has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Indo Borax time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 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 Indo Borax Chemicals price movement. The serial correlation of -0.75 indicates that around 75.0% of current Indo Borax price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.75 | |
| Spearman Rank Test | -0.82 | |
| Residual Average | 0.0 | |
| Price Variance | 55.71 |
Indo Borax Chemicals lagged returns against current returns
Autocorrelation, which is Indo Borax 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 Indo Borax's stock expected returns. We can calculate the autocorrelation of Indo Borax returns to help us make a trade decision. For example, suppose you find that Indo Borax 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 |
Indo Borax 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 Indo Borax stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Indo Borax stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Indo Borax stock over time.
Current vs Lagged Prices |
| Timeline |
Indo Borax Lagged Returns
When evaluating Indo Borax's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Indo Borax stock have on its future price. Indo Borax 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, Indo Borax autocorrelation shows the relationship between Indo Borax stock current value and its past values and can show if there is a momentum factor associated with investing in Indo Borax Chemicals.
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 Indo Stock Analysis
When running Indo Borax's price analysis, check to measure Indo Borax's 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 Indo Borax is operating at the current time. Most of Indo Borax's value examination focuses on studying past and present price action to predict the probability of Indo Borax's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Indo Borax's price. Additionally, you may evaluate how the addition of Indo Borax to your portfolios can decrease your overall portfolio volatility.