Lakshmi Precision (India) Market Value
| LAKPRE Stock | 5.09 0.26 4.86% |
| Symbol | Lakshmi |
Lakshmi Precision '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 Lakshmi Precision'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 Lakshmi Precision.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Lakshmi Precision on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Lakshmi Precision Screws or generate 0.0% return on investment in Lakshmi Precision over 30 days. Lakshmi Precision is related to or competes with SAL Steel, NMDC Steel, Aarti Drugs, Kilitch Drugs, Home First, Embassy Office, and Hindware Home. Lakshmi Precision is entity of India. It is traded as Stock on NSE exchange. More
Lakshmi Precision 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 Lakshmi Precision'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 Lakshmi Precision Screws upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.89 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 14.85 | |||
| Value At Risk | (5.12) | |||
| Potential Upside | 4.92 |
Lakshmi Precision Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lakshmi Precision's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lakshmi Precision's standard deviation. In reality, there are many statistical measures that can use Lakshmi Precision historical prices to predict the future Lakshmi Precision's volatility.| Risk Adjusted Performance | 0.0352 | |||
| Jensen Alpha | 0.0315 | |||
| Total Risk Alpha | (0.35) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.1694 |
Lakshmi Precision Screws Backtested Returns
At this point, Lakshmi Precision is slightly risky. Lakshmi Precision Screws has Sharpe Ratio of 0.012, which conveys that the firm had a 0.012% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Lakshmi Precision, which you can use to evaluate the volatility of the firm. Please verify Lakshmi Precision's Risk Adjusted Performance of 0.0352, downside deviation of 5.89, and Mean Deviation of 1.79 to check out if the risk estimate we provide is consistent with the expected return of 0.0364%. The company secures a Beta (Market Risk) of 0.58, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Lakshmi Precision's returns are expected to increase less than the market. However, during the bear market, the loss of holding Lakshmi Precision is expected to be smaller as well. Lakshmi Precision Screws right now secures a risk of 3.03%. Please verify Lakshmi Precision Screws semi variance, and the relationship between the treynor ratio and daily balance of power , to decide if Lakshmi Precision Screws will be following its current price movements.
Auto-correlation | 0.28 |
Poor predictability
Lakshmi Precision Screws has poor predictability. Overlapping area represents the amount of predictability between Lakshmi Precision 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 Lakshmi Precision Screws price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current Lakshmi Precision price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Lakshmi Precision Screws lagged returns against current returns
Autocorrelation, which is Lakshmi Precision 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 Lakshmi Precision's stock expected returns. We can calculate the autocorrelation of Lakshmi Precision returns to help us make a trade decision. For example, suppose you find that Lakshmi Precision 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 |
Lakshmi Precision 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 Lakshmi Precision stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lakshmi Precision stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lakshmi Precision stock over time.
Current vs Lagged Prices |
| Timeline |
Lakshmi Precision Lagged Returns
When evaluating Lakshmi Precision's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lakshmi Precision stock have on its future price. Lakshmi Precision 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, Lakshmi Precision autocorrelation shows the relationship between Lakshmi Precision stock current value and its past values and can show if there is a momentum factor associated with investing in Lakshmi Precision Screws.
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 Lakshmi Stock
Lakshmi Precision financial ratios help investors to determine whether Lakshmi 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 Lakshmi with respect to the benefits of owning Lakshmi Precision security.