Mold Tek (India) Market Value
| MOLDTKPAC | 693.95 3.45 0.49% |
| Symbol | Mold |
Mold Tek '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 Mold Tek'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 Mold Tek.
| 01/16/2023 |
| 12/06/2024 |
If you would invest 0.00 in Mold Tek on January 16, 2023 and sell it all today you would earn a total of 0.00 from holding Mold Tek Packaging Limited or generate 0.0% return on investment in Mold Tek over 690 days. Mold Tek is related to or competes with Manaksia Coated, Alkali Metals, Reliance Industrial, Som Distilleries, LLOYDS METALS, Indraprastha Medical, and Iris Clothings. Mold Tek is entity of India. It is traded as Stock on NSE exchange. More
Mold Tek 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 Mold Tek'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 Mold Tek Packaging Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 11.58 | |||
| Value At Risk | (2.75) | |||
| Potential Upside | 2.24 |
Mold Tek Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mold Tek's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mold Tek's standard deviation. In reality, there are many statistical measures that can use Mold Tek historical prices to predict the future Mold Tek's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.47) | |||
| Treynor Ratio | 2.08 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mold Tek'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.
Mold Tek Packaging Backtested Returns
Mold Tek Packaging has Sharpe Ratio of -0.11, which conveys that the firm had a -0.11% return per unit of risk over the last 3 months. Mold Tek exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mold Tek's Standard Deviation of 1.68, mean deviation of 1.13, and Risk Adjusted Performance of (0.07) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.0897, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Mold Tek are expected to decrease at a much lower rate. During the bear market, Mold Tek is likely to outperform the market. At this point, Mold Tek Packaging has a negative expected return of -0.18%. Please make sure to verify Mold Tek's potential upside, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Mold Tek Packaging performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.50 |
Modest predictability
Mold Tek Packaging Limited has modest predictability. Overlapping area represents the amount of predictability between Mold Tek time series from 16th of January 2023 to 27th of December 2023 and 27th of December 2023 to 6th 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 Mold Tek Packaging price movement. The serial correlation of 0.5 indicates that about 50.0% of current Mold Tek price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 3544.52 |
Mold Tek Packaging lagged returns against current returns
Autocorrelation, which is Mold Tek 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 Mold Tek's stock expected returns. We can calculate the autocorrelation of Mold Tek returns to help us make a trade decision. For example, suppose you find that Mold Tek 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 |
Mold Tek 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 Mold Tek stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mold Tek stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mold Tek stock over time.
Current vs Lagged Prices |
| Timeline |
Mold Tek Lagged Returns
When evaluating Mold Tek's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mold Tek stock have on its future price. Mold Tek 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, Mold Tek autocorrelation shows the relationship between Mold Tek stock current value and its past values and can show if there is a momentum factor associated with investing in Mold Tek Packaging Limited.
Regressed Prices |
| Timeline |
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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.Additional Tools for Mold Stock Analysis
When running Mold Tek's price analysis, check to measure Mold Tek's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Mold Tek is operating at the current time. Most of Mold Tek's value examination focuses on studying past and present price action to predict the probability of Mold Tek's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mold Tek's price. Additionally, you may evaluate how the addition of Mold Tek to your portfolios can decrease your overall portfolio volatility.