Naga Dhunseri (India) Market Value
| NDGL Stock | 4,643 97.50 2.06% |
| Symbol | Naga |
Naga Dhunseri '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 Naga Dhunseri'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 Naga Dhunseri.
| 11/26/2024 |
| 12/26/2024 |
If you would invest 0.00 in Naga Dhunseri on November 26, 2024 and sell it all today you would earn a total of 0.00 from holding Naga Dhunseri Group or generate 0.0% return on investment in Naga Dhunseri over 30 days. Naga Dhunseri is related to or competes with Tata Consultancy, Quess Corp, Reliance Industries, Infosys, SIS, Wipro, and State Bank. Naga Dhunseri is entity of India. It is traded as Stock on NSE exchange. More
Naga Dhunseri 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 Naga Dhunseri'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 Naga Dhunseri Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.66 | |||
| Information Ratio | 0.1067 | |||
| Maximum Drawdown | 25.0 | |||
| Value At Risk | (4.68) | |||
| Potential Upside | 5.2 |
Naga Dhunseri Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Naga Dhunseri's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Naga Dhunseri's standard deviation. In reality, there are many statistical measures that can use Naga Dhunseri historical prices to predict the future Naga Dhunseri's volatility.| Risk Adjusted Performance | 0.1027 | |||
| Jensen Alpha | 0.4306 | |||
| Total Risk Alpha | 0.2729 | |||
| Sortino Ratio | 0.1511 | |||
| Treynor Ratio | 2.57 |
Naga Dhunseri Group Backtested Returns
Naga Dhunseri appears to be very steady, given 3 months investment horizon. Naga Dhunseri Group has Sharpe Ratio of 0.1, which conveys that the firm had a 0.1% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Naga Dhunseri, which you can use to evaluate the volatility of the firm. Please exercise Naga Dhunseri's Mean Deviation of 2.48, risk adjusted performance of 0.1027, and Downside Deviation of 2.66 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Naga Dhunseri holds a performance score of 7. The company secures a Beta (Market Risk) of 0.17, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Naga Dhunseri's returns are expected to increase less than the market. However, during the bear market, the loss of holding Naga Dhunseri is expected to be smaller as well. Please check Naga Dhunseri's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Naga Dhunseri's current price movements will revert.
Auto-correlation | -0.35 |
Poor reverse predictability
Naga Dhunseri Group has poor reverse predictability. Overlapping area represents the amount of predictability between Naga Dhunseri time series from 26th of November 2024 to 11th of December 2024 and 11th of December 2024 to 26th 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 Naga Dhunseri Group price movement. The serial correlation of -0.35 indicates that nearly 35.0% of current Naga Dhunseri price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.35 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 38.1 K |
Naga Dhunseri Group lagged returns against current returns
Autocorrelation, which is Naga Dhunseri 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 Naga Dhunseri's stock expected returns. We can calculate the autocorrelation of Naga Dhunseri returns to help us make a trade decision. For example, suppose you find that Naga Dhunseri 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 |
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Naga Dhunseri 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 Naga Dhunseri stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Naga Dhunseri stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Naga Dhunseri stock over time.
Current vs Lagged Prices |
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Naga Dhunseri Lagged Returns
When evaluating Naga Dhunseri's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Naga Dhunseri stock have on its future price. Naga Dhunseri 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, Naga Dhunseri autocorrelation shows the relationship between Naga Dhunseri stock current value and its past values and can show if there is a momentum factor associated with investing in Naga Dhunseri Group.
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 Naga Stock Analysis
When running Naga Dhunseri's price analysis, check to measure Naga Dhunseri'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 Naga Dhunseri is operating at the current time. Most of Naga Dhunseri's value examination focuses on studying past and present price action to predict the probability of Naga Dhunseri's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Naga Dhunseri's price. Additionally, you may evaluate how the addition of Naga Dhunseri to your portfolios can decrease your overall portfolio volatility.