Nahar Poly (India) Market Value
| NAHARPOLY | 291.30 14.55 5.26% |
| Symbol | Nahar |
Nahar Poly '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 Nahar Poly'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 Nahar Poly.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Nahar Poly on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Nahar Poly Films or generate 0.0% return on investment in Nahar Poly over 30 days. Nahar Poly is related to or competes with Mangalore Chemicals, Dharani SugarsChemicals, Neogen Chemicals, Pilani Investment, Sanginita Chemicals, Fertilizers, and BF Investment. Nahar Poly is entity of India. It is traded as Stock on NSE exchange. More
Nahar Poly 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 Nahar Poly'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 Nahar Poly Films upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.93 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 12.48 | |||
| Value At Risk | (3.00) | |||
| Potential Upside | 5.0 |
Nahar Poly Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nahar Poly's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nahar Poly's standard deviation. In reality, there are many statistical measures that can use Nahar Poly historical prices to predict the future Nahar Poly's volatility.| Risk Adjusted Performance | 0.0393 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.29) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.104 |
Nahar Poly Films Backtested Returns
As of now, Nahar Stock is very steady. Nahar Poly Films has Sharpe Ratio of 0.0653, which conveys that the firm had a 0.0653% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Nahar Poly, which you can use to evaluate the volatility of the firm. Please verify Nahar Poly's Risk Adjusted Performance of 0.0393, downside deviation of 1.93, and Mean Deviation of 1.87 to check out if the risk estimate we provide is consistent with the expected return of 0.16%. Nahar Poly has a performance score of 5 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.97, which conveys possible diversification benefits within a given portfolio. Nahar Poly returns are very sensitive to returns on the market. As the market goes up or down, Nahar Poly is expected to follow. Nahar Poly Films right now secures a risk of 2.46%. Please verify Nahar Poly Films downside variance, and the relationship between the sortino ratio and accumulation distribution , to decide if Nahar Poly Films will be following its current price movements.
Auto-correlation | 0.60 |
Good predictability
Nahar Poly Films has good predictability. Overlapping area represents the amount of predictability between Nahar Poly time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 Nahar Poly Films price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current Nahar Poly price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.6 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 32.71 |
Nahar Poly Films lagged returns against current returns
Autocorrelation, which is Nahar Poly 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 Nahar Poly's stock expected returns. We can calculate the autocorrelation of Nahar Poly returns to help us make a trade decision. For example, suppose you find that Nahar Poly 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 |
Nahar Poly 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 Nahar Poly stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nahar Poly stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nahar Poly stock over time.
Current vs Lagged Prices |
| Timeline |
Nahar Poly Lagged Returns
When evaluating Nahar Poly's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nahar Poly stock have on its future price. Nahar Poly 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, Nahar Poly autocorrelation shows the relationship between Nahar Poly stock current value and its past values and can show if there is a momentum factor associated with investing in Nahar Poly Films.
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 Nahar Stock
Nahar Poly financial ratios help investors to determine whether Nahar 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 Nahar with respect to the benefits of owning Nahar Poly security.