Praj Industries (India) Market Value
| PRAJIND Stock | 810.15 9.85 1.20% |
| Symbol | Praj |
Praj Industries '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 Praj Industries' 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 Praj Industries.
| 01/02/2023 |
| 12/22/2024 |
If you would invest 0.00 in Praj Industries on January 2, 2023 and sell it all today you would earn a total of 0.00 from holding Praj Industries Limited or generate 0.0% return on investment in Praj Industries over 720 days. Praj Industries is related to or competes with MRF, JSW Holdings, Maharashtra Scooters, Nalwa Sons, Kalyani Investment, Pilani Investment, and Vardhman Holdings. Praj Industries is entity of India. It is traded as Stock on NSE exchange. More
Praj Industries 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 Praj Industries' 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 Praj Industries Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.18 | |||
| Information Ratio | 0.053 | |||
| Maximum Drawdown | 17.52 | |||
| Value At Risk | (3.59) | |||
| Potential Upside | 3.51 |
Praj Industries Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Praj Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Praj Industries' standard deviation. In reality, there are many statistical measures that can use Praj Industries historical prices to predict the future Praj Industries' volatility.| Risk Adjusted Performance | 0.0581 | |||
| Jensen Alpha | 0.1567 | |||
| Total Risk Alpha | 0.094 | |||
| Sortino Ratio | 0.07 | |||
| Treynor Ratio | 0.2157 |
Praj Industries Backtested Returns
At this point, Praj Industries is very steady. Praj Industries maintains Sharpe Ratio (i.e., Efficiency) of 0.0498, which implies the firm had a 0.0498% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Praj Industries, which you can use to evaluate the volatility of the company. Please check Praj Industries' Semi Deviation of 1.95, risk adjusted performance of 0.0581, and Coefficient Of Variation of 1559.14 to confirm if the risk estimate we provide is consistent with the expected return of 0.15%. Praj Industries has a performance score of 3 on a scale of 0 to 100. The company holds a Beta of 0.81, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Praj Industries' returns are expected to increase less than the market. However, during the bear market, the loss of holding Praj Industries is expected to be smaller as well. Praj Industries right now holds a risk of 2.92%. Please check Praj Industries potential upside, rate of daily change, and the relationship between the sortino ratio and skewness , to decide if Praj Industries will be following its historical price patterns.
Auto-correlation | 0.86 |
Very good predictability
Praj Industries Limited has very good predictability. Overlapping area represents the amount of predictability between Praj Industries 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 Praj Industries price movement. The serial correlation of 0.86 indicates that approximately 86.0% of current Praj Industries price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.86 | |
| Spearman Rank Test | 0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 14 K |
Praj Industries lagged returns against current returns
Autocorrelation, which is Praj Industries 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 Praj Industries' stock expected returns. We can calculate the autocorrelation of Praj Industries returns to help us make a trade decision. For example, suppose you find that Praj Industries 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 |
Praj Industries 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 Praj Industries stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Praj Industries stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Praj Industries stock over time.
Current vs Lagged Prices |
| Timeline |
Praj Industries Lagged Returns
When evaluating Praj Industries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Praj Industries stock have on its future price. Praj Industries 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, Praj Industries autocorrelation shows the relationship between Praj Industries stock current value and its past values and can show if there is a momentum factor associated with investing in Praj Industries Limited.
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 Praj Stock
Praj Industries financial ratios help investors to determine whether Praj 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 Praj with respect to the benefits of owning Praj Industries security.