Mazagon Dock (India) Market Value
| MAZDOCK Stock | 4,724 314.70 6.25% |
| Symbol | Mazagon |
Mazagon Dock '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 Mazagon Dock'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 Mazagon Dock.
| 01/02/2023 |
| 12/22/2024 |
If you would invest 0.00 in Mazagon Dock on January 2, 2023 and sell it all today you would earn a total of 0.00 from holding Mazagon Dock Shipbuilders or generate 0.0% return on investment in Mazagon Dock over 720 days. Mazagon Dock is related to or competes with Life Insurance, Power Finance, HDFC Bank, State Bank, REC, Indian Railway, and SBI Life. Mazagon Dock is entity of India. It is traded as Stock on NSE exchange. More
Mazagon Dock 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 Mazagon Dock'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 Mazagon Dock Shipbuilders upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.99 | |||
| Information Ratio | 0.0685 | |||
| Maximum Drawdown | 19.24 | |||
| Value At Risk | (3.96) | |||
| Potential Upside | 5.58 |
Mazagon Dock Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mazagon Dock's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mazagon Dock's standard deviation. In reality, there are many statistical measures that can use Mazagon Dock historical prices to predict the future Mazagon Dock's volatility.| Risk Adjusted Performance | 0.0698 | |||
| Jensen Alpha | 0.2313 | |||
| Total Risk Alpha | 0.1503 | |||
| Sortino Ratio | 0.0726 | |||
| Treynor Ratio | 0.6914 |
Mazagon Dock Shipbuilders Backtested Returns
Mazagon Dock appears to be very steady, given 3 months investment horizon. Mazagon Dock Shipbuilders has Sharpe Ratio of 0.0642, which conveys that the firm had a 0.0642% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Mazagon Dock, which you can use to evaluate the volatility of the firm. Please exercise Mazagon Dock's Downside Deviation of 2.99, risk adjusted performance of 0.0698, and Mean Deviation of 2.27 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Mazagon Dock holds a performance score of 5. The company secures a Beta (Market Risk) of 0.35, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Mazagon Dock's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mazagon Dock is expected to be smaller as well. Please check Mazagon Dock's semi variance, as well as the relationship between the daily balance of power and price action indicator , to make a quick decision on whether Mazagon Dock's current price movements will revert.
Auto-correlation | 0.88 |
Very good predictability
Mazagon Dock Shipbuilders has very good predictability. Overlapping area represents the amount of predictability between Mazagon Dock time series from 2nd of January 2023 to 28th of December 2023 and 28th of December 2023 to 22nd 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 Mazagon Dock Shipbuilders price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current Mazagon Dock price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.88 | |
| Spearman Rank Test | 0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 1.4 M |
Mazagon Dock Shipbuilders lagged returns against current returns
Autocorrelation, which is Mazagon Dock 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 Mazagon Dock's stock expected returns. We can calculate the autocorrelation of Mazagon Dock returns to help us make a trade decision. For example, suppose you find that Mazagon Dock 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 |
Mazagon Dock 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 Mazagon Dock stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mazagon Dock stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mazagon Dock stock over time.
Current vs Lagged Prices |
| Timeline |
Mazagon Dock Lagged Returns
When evaluating Mazagon Dock's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mazagon Dock stock have on its future price. Mazagon Dock 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, Mazagon Dock autocorrelation shows the relationship between Mazagon Dock stock current value and its past values and can show if there is a momentum factor associated with investing in Mazagon Dock Shipbuilders.
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 Mazagon Stock
Mazagon Dock financial ratios help investors to determine whether Mazagon 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 Mazagon with respect to the benefits of owning Mazagon Dock security.