JSW Steel (India) Market Value
| JSWSTEEL | 966.00 11.85 1.24% |
| Symbol | JSW |
JSW 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 JSW 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 JSW Steel.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in JSW Steel on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding JSW Steel Limited or generate 0.0% return on investment in JSW Steel over 30 days. JSW Steel is related to or competes with NMDC, Embassy Office, Gujarat Narmada, Gujarat Alkalies, and India Glycols. JSW Steel is entity of India. It is traded as Stock on NSE exchange. More
JSW 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 JSW 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 JSW Steel Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.26 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 7.13 | |||
| Value At Risk | (2.02) | |||
| Potential Upside | 2.92 |
JSW Steel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for JSW Steel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as JSW Steel's standard deviation. In reality, there are many statistical measures that can use JSW Steel historical prices to predict the future JSW Steel's volatility.| Risk Adjusted Performance | 0.0284 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.0758 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of JSW Steel's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
JSW Steel Limited Backtested Returns
At this point, JSW Steel is very steady. JSW Steel Limited holds Efficiency (Sharpe) Ratio of 0.0355, which attests that the entity had a 0.0355% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for JSW Steel Limited, which you can use to evaluate the volatility of the firm. Please check out JSW Steel's market risk adjusted performance of 0.0858, and Risk Adjusted Performance of 0.0284 to validate if the risk estimate we provide is consistent with the expected return of 0.0537%. JSW Steel has a performance score of 2 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.47, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, JSW Steel's returns are expected to increase less than the market. However, during the bear market, the loss of holding JSW Steel is expected to be smaller as well. JSW Steel Limited presently retains a risk of 1.51%. Please check out JSW Steel semi variance, as well as the relationship between the rate of daily change and relative strength index , to decide if JSW Steel will be following its current trending patterns.
Auto-correlation | 0.07 |
Virtually no predictability
JSW Steel Limited has virtually no predictability. Overlapping area represents the amount of predictability between JSW Steel time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 JSW Steel Limited price movement. The serial correlation of 0.07 indicates that barely 7.0% of current JSW Steel price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.07 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 105.0 |
JSW Steel Limited lagged returns against current returns
Autocorrelation, which is JSW 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 JSW Steel's stock expected returns. We can calculate the autocorrelation of JSW Steel returns to help us make a trade decision. For example, suppose you find that JSW 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 |
JSW 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 JSW Steel stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if JSW Steel stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in JSW Steel stock over time.
Current vs Lagged Prices |
| Timeline |
JSW Steel Lagged Returns
When evaluating JSW Steel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of JSW Steel stock have on its future price. JSW 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, JSW Steel autocorrelation shows the relationship between JSW Steel stock current value and its past values and can show if there is a momentum factor associated with investing in JSW Steel 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 JSW Stock
JSW Steel financial ratios help investors to determine whether JSW 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 JSW with respect to the benefits of owning JSW Steel security.