Rajnandini Metal (India) Market Value
| RAJMET Stock | 10.13 0.08 0.78% |
| Symbol | Rajnandini |
Rajnandini Metal '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 Rajnandini Metal'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 Rajnandini Metal.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Rajnandini Metal on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Rajnandini Metal Limited or generate 0.0% return on investment in Rajnandini Metal over 540 days. Rajnandini Metal is related to or competes with NMDC, Steel Authority, Gujarat Narmada, and JTL Industries. Rajnandini Metal is entity of India. It is traded as Stock on NSE exchange. More
Rajnandini Metal 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 Rajnandini Metal'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 Rajnandini Metal Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 7.56 | |||
| Value At Risk | (3.86) | |||
| Potential Upside | 2.74 |
Rajnandini Metal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rajnandini Metal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rajnandini Metal's standard deviation. In reality, there are many statistical measures that can use Rajnandini Metal historical prices to predict the future Rajnandini Metal's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.32) | |||
| Total Risk Alpha | (0.60) | |||
| Treynor Ratio | (1.19) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Rajnandini Metal's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Rajnandini Metal Backtested Returns
Rajnandini Metal maintains Sharpe Ratio (i.e., Efficiency) of -0.12, which implies the firm had a -0.12% return per unit of risk over the last 3 months. Rajnandini Metal exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Rajnandini Metal's Coefficient Of Variation of (760.26), variance of 4.44, and Risk Adjusted Performance of (0.09) to confirm the risk estimate we provide. The company holds a Beta of 0.24, which implies not very significant fluctuations relative to the market. As returns on the market increase, Rajnandini Metal's returns are expected to increase less than the market. However, during the bear market, the loss of holding Rajnandini Metal is expected to be smaller as well. At this point, Rajnandini Metal has a negative expected return of -0.27%. Please make sure to check Rajnandini Metal's value at risk, as well as the relationship between the accumulation distribution and day typical price , to decide if Rajnandini Metal performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.63 |
Very good reverse predictability
Rajnandini Metal Limited has very good reverse predictability. Overlapping area represents the amount of predictability between Rajnandini Metal time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th of November 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 Rajnandini Metal price movement. The serial correlation of -0.63 indicates that roughly 63.0% of current Rajnandini Metal price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.63 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 1.44 |
Rajnandini Metal lagged returns against current returns
Autocorrelation, which is Rajnandini Metal 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 Rajnandini Metal's stock expected returns. We can calculate the autocorrelation of Rajnandini Metal returns to help us make a trade decision. For example, suppose you find that Rajnandini Metal 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 |
Rajnandini Metal 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 Rajnandini Metal stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rajnandini Metal stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rajnandini Metal stock over time.
Current vs Lagged Prices |
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Rajnandini Metal Lagged Returns
When evaluating Rajnandini Metal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rajnandini Metal stock have on its future price. Rajnandini Metal 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, Rajnandini Metal autocorrelation shows the relationship between Rajnandini Metal stock current value and its past values and can show if there is a momentum factor associated with investing in Rajnandini Metal 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 Rajnandini Stock
Rajnandini Metal financial ratios help investors to determine whether Rajnandini 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 Rajnandini with respect to the benefits of owning Rajnandini Metal security.