Rossari Biotech (India) Market Value
| ROSSARI Stock | 826.15 18.40 2.18% |
| Symbol | Rossari |
Rossari Biotech '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 Rossari Biotech'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 Rossari Biotech.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in Rossari Biotech on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding Rossari Biotech Limited or generate 0.0% return on investment in Rossari Biotech over 30 days. Rossari Biotech is related to or competes with NMDC, Steel Authority, Embassy Office, Gujarat Narmada, Gujarat Alkalies, Indian Metals, and India Glycols. Rossari Biotech is entity of India. It is traded as Stock on NSE exchange. More
Rossari Biotech 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 Rossari Biotech'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 Rossari Biotech Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 8.69 | |||
| Value At Risk | (3.64) | |||
| Potential Upside | 2.68 |
Rossari Biotech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rossari Biotech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rossari Biotech's standard deviation. In reality, there are many statistical measures that can use Rossari Biotech historical prices to predict the future Rossari Biotech's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.36) | |||
| Treynor Ratio | (0.14) |
Rossari Biotech Backtested Returns
Rossari Biotech maintains Sharpe Ratio (i.e., Efficiency) of -0.0726, which implies the firm had a -0.0726% return per unit of risk over the last 3 months. Rossari Biotech exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Rossari Biotech's Risk Adjusted Performance of (0.03), coefficient of variation of (2,125), and Variance of 4.26 to confirm the risk estimate we provide. The company holds a Beta of 0.78, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Rossari Biotech's returns are expected to increase less than the market. However, during the bear market, the loss of holding Rossari Biotech is expected to be smaller as well. At this point, Rossari Biotech has a negative expected return of -0.15%. Please make sure to check Rossari Biotech's kurtosis, as well as the relationship between the day median price and period momentum indicator , to decide if Rossari Biotech performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.64 |
Good predictability
Rossari Biotech Limited has good predictability. Overlapping area represents the amount of predictability between Rossari Biotech time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th 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 Rossari Biotech price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current Rossari Biotech price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 297.22 |
Rossari Biotech lagged returns against current returns
Autocorrelation, which is Rossari Biotech 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 Rossari Biotech's stock expected returns. We can calculate the autocorrelation of Rossari Biotech returns to help us make a trade decision. For example, suppose you find that Rossari Biotech 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 |
Rossari Biotech 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 Rossari Biotech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rossari Biotech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rossari Biotech stock over time.
Current vs Lagged Prices |
| Timeline |
Rossari Biotech Lagged Returns
When evaluating Rossari Biotech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rossari Biotech stock have on its future price. Rossari Biotech 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, Rossari Biotech autocorrelation shows the relationship between Rossari Biotech stock current value and its past values and can show if there is a momentum factor associated with investing in Rossari Biotech 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 Rossari Stock
Rossari Biotech financial ratios help investors to determine whether Rossari 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 Rossari with respect to the benefits of owning Rossari Biotech security.