Jindal Stainless (India) Market Value

JSL Stock   730.05  2.05  0.28%   
Jindal Stainless' market value is the price at which a share of Jindal Stainless trades on a public exchange. It measures the collective expectations of Jindal Stainless Limited investors about its performance. Jindal Stainless is trading at 730.05 as of the 25th of December 2024, a 0.28 percent increase since the beginning of the trading day. The stock's lowest day price was 712.8.
With this module, you can estimate the performance of a buy and hold strategy of Jindal Stainless Limited and determine expected loss or profit from investing in Jindal Stainless over a given investment horizon. Check out Jindal Stainless Correlation, Jindal Stainless Volatility and Jindal Stainless Alpha and Beta module to complement your research on Jindal Stainless.
Symbol

Please note, there is a significant difference between Jindal Stainless' value and its price as these two are different measures arrived at by different means. Investors typically determine if Jindal Stainless is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Jindal Stainless' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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.
0.00
06/28/2024
No Change 0.00  0.0 
In 5 months and 30 days
12/25/2024
0.00
If you would invest  0.00  in Jindal Stainless on June 28, 2024 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 180 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.

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.
Hype
Prediction
LowEstimatedHigh
657.05732.33734.29
Details
Intrinsic
Valuation
LowRealHigh
723.69725.64803.06
Details
Earnings
Estimates (0)
LowProjected EPSHigh
8.689.6711.55
Details

Jindal Stainless Backtested Returns

Jindal Stainless holds Efficiency (Sharpe) Ratio of -0.0421, which attests that the entity had a -0.0421% 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' Market Risk Adjusted Performance of 0.0077, risk adjusted performance of 0.0098, and Downside Deviation of 2.51 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 -0.0828%. 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

    
  0.58  

Modest predictability

Jindal Stainless Limited has modest predictability. Overlapping area represents the amount of predictability between Jindal Stainless time series from 28th of June 2024 to 26th of September 2024 and 26th of September 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 0.58 indicates that roughly 58.0% of current Jindal Stainless price fluctuation can be explain by its past prices.
Correlation Coefficient0.58
Spearman Rank Test0.51
Residual Average0.0
Price Variance1385.63

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.