Jindal Stainless (India) Market Value
| JSL Stock | 730.05 2.05 0.28% |
| Symbol | Jindal |
Jindal Stainless '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 Stainless' 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 Stainless.
| 02/04/2023 |
| 12/25/2024 |
If you would invest 0.00 in Jindal Stainless on February 4, 2023 and sell it all today you would earn a total of 0.00 from holding Jindal Stainless Limited or generate 0.0% return on investment in Jindal Stainless over 690 days. Jindal Stainless is related to or competes with Pilani Investment, Network18 Media, Manaksia Coated, AUTHUM INVESTMENT, POWERGRID Infrastructure, LLOYDS METALS, and Hisar Metal. Jindal Stainless is entity of India. It is traded as Stock on NSE exchange. More
Jindal Stainless 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 Stainless' 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 Stainless Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.51 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 10.73 | |||
| Value At Risk | (3.66) | |||
| Potential Upside | 2.68 |
Jindal Stainless Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jindal Stainless' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jindal Stainless' standard deviation. In reality, there are many statistical measures that can use Jindal Stainless historical prices to predict the future Jindal Stainless' volatility.| Risk Adjusted Performance | 0.0098 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0) |
Jindal Stainless Backtested Returns
Jindal Stainless holds Efficiency (Sharpe) Ratio of -0.0417, which attests that the entity had a -0.0417% return per unit of risk over the last 3 months. Jindal Stainless exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Jindal Stainless' Downside Deviation of 2.51, market risk adjusted performance of 0.0077, and Risk Adjusted Performance of 0.0098 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.26, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Jindal Stainless' returns are expected to increase less than the market. However, during the bear market, the loss of holding Jindal Stainless is expected to be smaller as well. At this point, Jindal Stainless has a negative expected return of -0.0815%. Please make sure to check out Jindal Stainless' semi variance, rate of daily change, and the relationship between the value at risk and kurtosis , to decide if Jindal Stainless performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.36 |
Below average predictability
Jindal Stainless Limited has below average predictability. Overlapping area represents the amount of predictability between Jindal Stainless time series from 4th of February 2023 to 15th of January 2024 and 15th of January 2024 to 25th 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 Jindal Stainless price movement. The serial correlation of 0.36 indicates that just about 36.0% of current Jindal Stainless price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | 0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 3966.23 |
Jindal Stainless lagged returns against current returns
Autocorrelation, which is Jindal Stainless 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 Stainless' stock expected returns. We can calculate the autocorrelation of Jindal Stainless returns to help us make a trade decision. For example, suppose you find that Jindal Stainless 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 Stainless 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 Stainless stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jindal Stainless stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jindal Stainless stock over time.
Current vs Lagged Prices |
| Timeline |
Jindal Stainless Lagged Returns
When evaluating Jindal Stainless' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jindal Stainless stock have on its future price. Jindal Stainless 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 Stainless autocorrelation shows the relationship between Jindal Stainless stock current value and its past values and can show if there is a momentum factor associated with investing in Jindal Stainless 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 Jindal Stock
Jindal Stainless financial ratios help investors to determine whether Jindal 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 Jindal with respect to the benefits of owning Jindal Stainless security.