Punjab Chemicals (India) Market Value
| PUNJABCHEM | 995.10 8.85 0.88% |
| Symbol | Punjab |
Punjab Chemicals '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 Punjab Chemicals' 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 Punjab Chemicals.
| 11/30/2024 |
| 12/30/2024 |
If you would invest 0.00 in Punjab Chemicals on November 30, 2024 and sell it all today you would earn a total of 0.00 from holding Punjab Chemicals Crop or generate 0.0% return on investment in Punjab Chemicals over 30 days. Punjab Chemicals is related to or competes with NMDC, Steel Authority, Embassy Office, Gujarat Narmada, Gujarat Alkalies, Indian Metals, and JTL Industries. Punjab Chemicals is entity of India. It is traded as Stock on NSE exchange. More
Punjab Chemicals 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 Punjab Chemicals' 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 Punjab Chemicals Crop upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 13.38 | |||
| Value At Risk | (4.65) | |||
| Potential Upside | 4.77 |
Punjab Chemicals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Punjab Chemicals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Punjab Chemicals' standard deviation. In reality, there are many statistical measures that can use Punjab Chemicals historical prices to predict the future Punjab Chemicals' volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | (0.84) |
Punjab Chemicals Crop Backtested Returns
Punjab Chemicals Crop maintains Sharpe Ratio (i.e., Efficiency) of -0.13, which implies the firm had a -0.13% return per unit of risk over the last 3 months. Punjab Chemicals Crop exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Punjab Chemicals' Risk Adjusted Performance of (0.07), coefficient of variation of (1,064), and Variance of 7.23 to confirm the risk estimate we provide. The company holds a Beta of 0.31, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Punjab Chemicals' returns are expected to increase less than the market. However, during the bear market, the loss of holding Punjab Chemicals is expected to be smaller as well. At this point, Punjab Chemicals Crop has a negative expected return of -0.36%. Please make sure to check Punjab Chemicals' kurtosis, and the relationship between the value at risk and rate of daily change , to decide if Punjab Chemicals Crop performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.66 |
Very good reverse predictability
Punjab Chemicals Crop has very good reverse predictability. Overlapping area represents the amount of predictability between Punjab Chemicals time series from 30th of November 2024 to 15th of December 2024 and 15th of December 2024 to 30th 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 Punjab Chemicals Crop price movement. The serial correlation of -0.66 indicates that around 66.0% of current Punjab Chemicals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.66 | |
| Spearman Rank Test | -0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 1642.5 |
Punjab Chemicals Crop lagged returns against current returns
Autocorrelation, which is Punjab Chemicals 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 Punjab Chemicals' stock expected returns. We can calculate the autocorrelation of Punjab Chemicals returns to help us make a trade decision. For example, suppose you find that Punjab Chemicals 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 |
Punjab Chemicals 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 Punjab Chemicals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Punjab Chemicals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Punjab Chemicals stock over time.
Current vs Lagged Prices |
| Timeline |
Punjab Chemicals Lagged Returns
When evaluating Punjab Chemicals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Punjab Chemicals stock have on its future price. Punjab Chemicals 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, Punjab Chemicals autocorrelation shows the relationship between Punjab Chemicals stock current value and its past values and can show if there is a momentum factor associated with investing in Punjab Chemicals Crop.
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 Punjab Stock
Punjab Chemicals financial ratios help investors to determine whether Punjab 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 Punjab with respect to the benefits of owning Punjab Chemicals security.