Pondy Oxides (India) Market Value
| POCL Stock | 907.65 20.00 2.16% |
| Symbol | Pondy |
Pondy Oxides '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 Pondy Oxides' 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 Pondy Oxides.
| 09/23/2024 |
| 12/22/2024 |
If you would invest 0.00 in Pondy Oxides on September 23, 2024 and sell it all today you would earn a total of 0.00 from holding Pondy Oxides Chemicals or generate 0.0% return on investment in Pondy Oxides over 90 days. Pondy Oxides is related to or competes with NMDC, Steel Authority, Embassy Office, Gujarat Narmada, Gujarat Alkalies, Indian Metals, and JTL Industries. More
Pondy Oxides 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 Pondy Oxides' 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 Pondy Oxides Chemicals upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 10.0 | |||
| Value At Risk | (5.00) | |||
| Potential Upside | 5.0 |
Pondy Oxides Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pondy Oxides' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pondy Oxides' standard deviation. In reality, there are many statistical measures that can use Pondy Oxides historical prices to predict the future Pondy Oxides' volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.28) | |||
| Treynor Ratio | (0.28) |
Pondy Oxides Chemicals Backtested Returns
Pondy Oxides Chemicals maintains Sharpe Ratio (i.e., Efficiency) of -0.0417, which implies the firm had a -0.0417% return per unit of risk over the last 3 months. Pondy Oxides Chemicals exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pondy Oxides' Coefficient Of Variation of (1,656), risk adjusted performance of (0.04), and Variance of 9.44 to confirm the risk estimate we provide. The company holds a Beta of 0.7, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Pondy Oxides' returns are expected to increase less than the market. However, during the bear market, the loss of holding Pondy Oxides is expected to be smaller as well. At this point, Pondy Oxides Chemicals has a negative expected return of -0.13%. Please make sure to check Pondy Oxides' treynor ratio, value at risk, skewness, as well as the relationship between the maximum drawdown and potential upside , to decide if Pondy Oxides Chemicals performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.02 |
Virtually no predictability
Pondy Oxides Chemicals has virtually no predictability. Overlapping area represents the amount of predictability between Pondy Oxides time series from 23rd of September 2024 to 7th of November 2024 and 7th of November 2024 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 Pondy Oxides Chemicals price movement. The serial correlation of 0.02 indicates that only 2.0% of current Pondy Oxides price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.02 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 1544.76 |
Pondy Oxides Chemicals lagged returns against current returns
Autocorrelation, which is Pondy Oxides 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 Pondy Oxides' stock expected returns. We can calculate the autocorrelation of Pondy Oxides returns to help us make a trade decision. For example, suppose you find that Pondy Oxides 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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Pondy Oxides 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 Pondy Oxides stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pondy Oxides stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pondy Oxides stock over time.
Current vs Lagged Prices |
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Pondy Oxides Lagged Returns
When evaluating Pondy Oxides' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pondy Oxides stock have on its future price. Pondy Oxides 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, Pondy Oxides autocorrelation shows the relationship between Pondy Oxides stock current value and its past values and can show if there is a momentum factor associated with investing in Pondy Oxides Chemicals.
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 Pondy Stock Analysis
When running Pondy Oxides' price analysis, check to measure Pondy Oxides' 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 Pondy Oxides is operating at the current time. Most of Pondy Oxides' value examination focuses on studying past and present price action to predict the probability of Pondy Oxides' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pondy Oxides' price. Additionally, you may evaluate how the addition of Pondy Oxides to your portfolios can decrease your overall portfolio volatility.