Raj Rayon (India) Market Value
| RAJRILTD | 22.91 0.17 0.75% |
| Symbol | Raj |
Raj Rayon '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 Raj Rayon'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 Raj Rayon.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Raj Rayon on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Raj Rayon Industries or generate 0.0% return on investment in Raj Rayon over 30 days. Raj Rayon is related to or competes with Speciality Restaurants, Sanginita Chemicals, V Mart, Shree Pushkar, JGCHEMICALS, Coffee Day, and UFO Moviez. Raj Rayon is entity of India. It is traded as Stock on NSE exchange. More
Raj Rayon 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 Raj Rayon'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 Raj Rayon Industries upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 4.78 | |||
| Value At Risk | (2.03) | |||
| Potential Upside | 1.99 |
Raj Rayon Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Raj Rayon's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Raj Rayon's standard deviation. In reality, there are many statistical measures that can use Raj Rayon historical prices to predict the future Raj Rayon's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.38) | |||
| Treynor Ratio | (10.17) |
Raj Rayon Industries Backtested Returns
Raj Rayon Industries maintains Sharpe Ratio (i.e., Efficiency) of -0.2, which implies the firm had a -0.2% return per unit of risk over the last 3 months. Raj Rayon Industries exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Raj Rayon's Risk Adjusted Performance of (0.07), variance of 2.42, and Coefficient Of Variation of (966.12) to confirm the risk estimate we provide. The company holds a Beta of 0.0168, which implies not very significant fluctuations relative to the market. As returns on the market increase, Raj Rayon's returns are expected to increase less than the market. However, during the bear market, the loss of holding Raj Rayon is expected to be smaller as well. At this point, Raj Rayon Industries has a negative expected return of -0.29%. Please make sure to check Raj Rayon's potential upside, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Raj Rayon Industries performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.86 |
Excellent reverse predictability
Raj Rayon Industries has excellent reverse predictability. Overlapping area represents the amount of predictability between Raj Rayon time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Raj Rayon Industries price movement. The serial correlation of -0.86 indicates that approximately 86.0% of current Raj Rayon price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.86 | |
| Spearman Rank Test | 0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.43 |
Raj Rayon Industries lagged returns against current returns
Autocorrelation, which is Raj Rayon 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 Raj Rayon's stock expected returns. We can calculate the autocorrelation of Raj Rayon returns to help us make a trade decision. For example, suppose you find that Raj Rayon 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 |
Raj Rayon 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 Raj Rayon stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Raj Rayon stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Raj Rayon stock over time.
Current vs Lagged Prices |
| Timeline |
Raj Rayon Lagged Returns
When evaluating Raj Rayon's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Raj Rayon stock have on its future price. Raj Rayon 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, Raj Rayon autocorrelation shows the relationship between Raj Rayon stock current value and its past values and can show if there is a momentum factor associated with investing in Raj Rayon Industries.
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 Raj Stock Analysis
When running Raj Rayon's price analysis, check to measure Raj Rayon's 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 Raj Rayon is operating at the current time. Most of Raj Rayon's value examination focuses on studying past and present price action to predict the probability of Raj Rayon's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Raj Rayon's price. Additionally, you may evaluate how the addition of Raj Rayon to your portfolios can decrease your overall portfolio volatility.