Jindal Steel (India) Market Value
| JINDALSTEL | 906.45 9.45 1.05% |
| Symbol | Jindal |
Jindal Steel '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 Jindal Steel'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 Jindal Steel.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Jindal Steel on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Jindal Steel Power or generate 0.0% return on investment in Jindal Steel over 30 days. Jindal Steel is related to or competes with NMDC, Steel Authority, Gujarat Narmada, and JTL Industries. Jindal Steel is entity of India. It is traded as Stock on NSE exchange. More
Jindal Steel 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 Jindal Steel'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 Jindal Steel Power upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 7.97 | |||
| Value At Risk | (2.73) | |||
| Potential Upside | 2.33 |
Jindal Steel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jindal Steel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jindal Steel's standard deviation. In reality, there are many statistical measures that can use Jindal Steel historical prices to predict the future Jindal Steel's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.37) | |||
| Treynor Ratio | (0.26) |
Jindal Steel Power Backtested Returns
Jindal Steel Power holds Efficiency (Sharpe) Ratio of -0.0552, which attests that the entity had a -0.0552% return per unit of risk over the last 3 months. Jindal Steel Power exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Jindal Steel's Risk Adjusted Performance of (0.04), market risk adjusted performance of (0.25), and Standard Deviation of 1.71 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.43, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Jindal Steel's returns are expected to increase less than the market. However, during the bear market, the loss of holding Jindal Steel is expected to be smaller as well. At this point, Jindal Steel Power has a negative expected return of -0.0972%. Please make sure to check out Jindal Steel's maximum drawdown, kurtosis, day median price, as well as the relationship between the potential upside and daily balance of power , to decide if Jindal Steel Power performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.67 |
Very good reverse predictability
Jindal Steel Power has very good reverse predictability. Overlapping area represents the amount of predictability between Jindal Steel time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Jindal Steel Power price movement. The serial correlation of -0.67 indicates that around 67.0% of current Jindal Steel price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.67 | |
| Spearman Rank Test | -0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 157.85 |
Jindal Steel Power lagged returns against current returns
Autocorrelation, which is Jindal Steel 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 Jindal Steel's stock expected returns. We can calculate the autocorrelation of Jindal Steel returns to help us make a trade decision. For example, suppose you find that Jindal Steel 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 |
Jindal Steel 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 Jindal Steel stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jindal Steel stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jindal Steel stock over time.
Current vs Lagged Prices |
| Timeline |
Jindal Steel Lagged Returns
When evaluating Jindal Steel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jindal Steel stock have on its future price. Jindal Steel 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, Jindal Steel autocorrelation shows the relationship between Jindal Steel stock current value and its past values and can show if there is a momentum factor associated with investing in Jindal Steel Power.
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 Jindal Stock Analysis
When running Jindal Steel's price analysis, check to measure Jindal Steel'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 Jindal Steel is operating at the current time. Most of Jindal Steel's value examination focuses on studying past and present price action to predict the probability of Jindal Steel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Jindal Steel's price. Additionally, you may evaluate how the addition of Jindal Steel to your portfolios can decrease your overall portfolio volatility.