PYRAMID TECHNOPLAST (India) Market Value
| PYRAMID Stock | 217.74 0.31 0.14% |
| Symbol | PYRAMID |
PYRAMID TECHNOPLAST '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 PYRAMID TECHNOPLAST'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 PYRAMID TECHNOPLAST.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in PYRAMID TECHNOPLAST on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding PYRAMID TECHNOPLAST ORD or generate 0.0% return on investment in PYRAMID TECHNOPLAST over 30 days. PYRAMID TECHNOPLAST is related to or competes with Time Technoplast, EPL, AGI Greenpac, UFLEX, TCPL Packaging, Mold Tek, and Arrow Greentech. PYRAMID TECHNOPLAST is entity of India. It is traded as Stock on NSE exchange. More
PYRAMID TECHNOPLAST 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 PYRAMID TECHNOPLAST'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 PYRAMID TECHNOPLAST ORD upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.8 | |||
| Information Ratio | 0.0651 | |||
| Maximum Drawdown | 35.54 | |||
| Value At Risk | (4.77) | |||
| Potential Upside | 7.9 |
PYRAMID TECHNOPLAST Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PYRAMID TECHNOPLAST's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PYRAMID TECHNOPLAST's standard deviation. In reality, there are many statistical measures that can use PYRAMID TECHNOPLAST historical prices to predict the future PYRAMID TECHNOPLAST's volatility.| Risk Adjusted Performance | 0.0795 | |||
| Jensen Alpha | 0.3969 | |||
| Total Risk Alpha | (0.26) | |||
| Sortino Ratio | 0.0758 | |||
| Treynor Ratio | 9.01 |
PYRAMID TECHNOPLAST ORD Backtested Returns
PYRAMID TECHNOPLAST appears to be very steady, given 3 months investment horizon. PYRAMID TECHNOPLAST ORD maintains Sharpe Ratio (i.e., Efficiency) of 0.1, which implies the firm had a 0.1% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for PYRAMID TECHNOPLAST ORD, which you can use to evaluate the volatility of the company. Please evaluate PYRAMID TECHNOPLAST's Semi Deviation of 3.18, market risk adjusted performance of 9.02, and Risk Adjusted Performance of 0.0795 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, PYRAMID TECHNOPLAST holds a performance score of 7. The company holds a Beta of 0.0446, which implies not very significant fluctuations relative to the market. As returns on the market increase, PYRAMID TECHNOPLAST's returns are expected to increase less than the market. However, during the bear market, the loss of holding PYRAMID TECHNOPLAST is expected to be smaller as well. Please check PYRAMID TECHNOPLAST's potential upside, as well as the relationship between the kurtosis and day typical price , to make a quick decision on whether PYRAMID TECHNOPLAST's historical price patterns will revert.
Auto-correlation | -0.8 |
Almost perfect reverse predictability
PYRAMID TECHNOPLAST ORD has almost perfect reverse predictability. Overlapping area represents the amount of predictability between PYRAMID TECHNOPLAST time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd 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 PYRAMID TECHNOPLAST ORD price movement. The serial correlation of -0.8 indicates that around 80.0% of current PYRAMID TECHNOPLAST price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.8 | |
| Spearman Rank Test | -0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 83.8 |
PYRAMID TECHNOPLAST ORD lagged returns against current returns
Autocorrelation, which is PYRAMID TECHNOPLAST 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 PYRAMID TECHNOPLAST's stock expected returns. We can calculate the autocorrelation of PYRAMID TECHNOPLAST returns to help us make a trade decision. For example, suppose you find that PYRAMID TECHNOPLAST 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 |
PYRAMID TECHNOPLAST 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 PYRAMID TECHNOPLAST stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PYRAMID TECHNOPLAST stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PYRAMID TECHNOPLAST stock over time.
Current vs Lagged Prices |
| Timeline |
PYRAMID TECHNOPLAST Lagged Returns
When evaluating PYRAMID TECHNOPLAST's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PYRAMID TECHNOPLAST stock have on its future price. PYRAMID TECHNOPLAST 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, PYRAMID TECHNOPLAST autocorrelation shows the relationship between PYRAMID TECHNOPLAST stock current value and its past values and can show if there is a momentum factor associated with investing in PYRAMID TECHNOPLAST ORD.
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 PYRAMID Stock
PYRAMID TECHNOPLAST financial ratios help investors to determine whether PYRAMID 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 PYRAMID with respect to the benefits of owning PYRAMID TECHNOPLAST security.