Sarthak Metals (India) Market Value
| SMLT Stock | 161.53 5.84 3.75% |
| Symbol | Sarthak |
Sarthak Metals '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 Sarthak Metals' 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 Sarthak Metals.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Sarthak Metals on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Sarthak Metals Limited or generate 0.0% return on investment in Sarthak Metals over 30 days. Sarthak Metals is related to or competes with Tata Chemicals, Shree Pushkar, JGCHEMICALS, DMCC SPECIALITY, Sanginita Chemicals, and Chambal Fertilizers. Sarthak Metals is entity of India. It is traded as Stock on NSE exchange. More
Sarthak Metals 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 Sarthak Metals' 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 Sarthak Metals Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 22.92 | |||
| Value At Risk | (5.42) | |||
| Potential Upside | 5.3 |
Sarthak Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sarthak Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sarthak Metals' standard deviation. In reality, there are many statistical measures that can use Sarthak Metals historical prices to predict the future Sarthak Metals' volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.65) | |||
| Treynor Ratio | (0.81) |
Sarthak Metals Backtested Returns
Sarthak Metals owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0155, which indicates the firm had a -0.0155% return per unit of risk over the last 3 months. Sarthak Metals Limited exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sarthak Metals' Variance of 13.9, risk adjusted performance of (0.01), and Coefficient Of Variation of (4,479) to confirm the risk estimate we provide. The entity has a beta of 0.11, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sarthak Metals' returns are expected to increase less than the market. However, during the bear market, the loss of holding Sarthak Metals is expected to be smaller as well. At this point, Sarthak Metals has a negative expected return of -0.0592%. Please make sure to validate Sarthak Metals' value at risk, skewness, accumulation distribution, as well as the relationship between the potential upside and kurtosis , to decide if Sarthak Metals performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.48 |
Modest reverse predictability
Sarthak Metals Limited has modest reverse predictability. Overlapping area represents the amount of predictability between Sarthak Metals time series from 30th of October 2024 to 14th of November 2024 and 14th of November 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 Sarthak Metals price movement. The serial correlation of -0.48 indicates that about 48.0% of current Sarthak Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.48 | |
| Spearman Rank Test | -0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 16.34 |
Sarthak Metals lagged returns against current returns
Autocorrelation, which is Sarthak Metals 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 Sarthak Metals' stock expected returns. We can calculate the autocorrelation of Sarthak Metals returns to help us make a trade decision. For example, suppose you find that Sarthak Metals 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 |
Sarthak Metals 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 Sarthak Metals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sarthak Metals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sarthak Metals stock over time.
Current vs Lagged Prices |
| Timeline |
Sarthak Metals Lagged Returns
When evaluating Sarthak Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sarthak Metals stock have on its future price. Sarthak Metals 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, Sarthak Metals autocorrelation shows the relationship between Sarthak Metals stock current value and its past values and can show if there is a momentum factor associated with investing in Sarthak Metals Limited.
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 Sarthak Stock Analysis
When running Sarthak Metals' price analysis, check to measure Sarthak Metals' 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 Sarthak Metals is operating at the current time. Most of Sarthak Metals' value examination focuses on studying past and present price action to predict the probability of Sarthak Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sarthak Metals' price. Additionally, you may evaluate how the addition of Sarthak Metals to your portfolios can decrease your overall portfolio volatility.