Styrenix Performance (India) Market Value
| STYRENIX | 2,504 17.60 0.70% |
| Symbol | Styrenix |
Styrenix Performance '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 Styrenix Performance'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 Styrenix Performance.
| 12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in Styrenix Performance on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding Styrenix Performance Materials or generate 0.0% return on investment in Styrenix Performance over 360 days. Styrenix Performance is related to or competes with Life Insurance, Max Financial, DCB Bank, Popular Vehicles, Motilal Oswal, Bank of Maharashtra, and Karur Vysya. More
Styrenix Performance 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 Styrenix Performance'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 Styrenix Performance Materials upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 10.75 | |||
| Value At Risk | (3.39) | |||
| Potential Upside | 3.49 |
Styrenix Performance Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Styrenix Performance's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Styrenix Performance's standard deviation. In reality, there are many statistical measures that can use Styrenix Performance historical prices to predict the future Styrenix Performance's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.38) | |||
| Treynor Ratio | (4.47) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Styrenix Performance'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.
Styrenix Performance Backtested Returns
Styrenix Performance owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0245, which indicates the firm had a -0.0245% return per unit of risk over the last 3 months. Styrenix Performance Materials exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Styrenix Performance's Risk Adjusted Performance of (0.01), coefficient of variation of (4,076), and Variance of 4.44 to confirm the risk estimate we provide. The entity has a beta of 0.0138, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Styrenix Performance's returns are expected to increase less than the market. However, during the bear market, the loss of holding Styrenix Performance is expected to be smaller as well. At this point, Styrenix Performance has a negative expected return of -0.0517%. Please make sure to validate Styrenix Performance's total risk alpha, as well as the relationship between the skewness and day median price , to decide if Styrenix Performance performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.10 |
Insignificant predictability
Styrenix Performance Materials has insignificant predictability. Overlapping area represents the amount of predictability between Styrenix Performance time series from 9th of December 2023 to 6th of June 2024 and 6th of June 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 Styrenix Performance price movement. The serial correlation of 0.1 indicates that less than 10.0% of current Styrenix Performance price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 40.8 K |
Styrenix Performance lagged returns against current returns
Autocorrelation, which is Styrenix Performance 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 Styrenix Performance's stock expected returns. We can calculate the autocorrelation of Styrenix Performance returns to help us make a trade decision. For example, suppose you find that Styrenix Performance 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 |
Styrenix Performance 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 Styrenix Performance stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Styrenix Performance stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Styrenix Performance stock over time.
Current vs Lagged Prices |
| Timeline |
Styrenix Performance Lagged Returns
When evaluating Styrenix Performance's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Styrenix Performance stock have on its future price. Styrenix Performance 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, Styrenix Performance autocorrelation shows the relationship between Styrenix Performance stock current value and its past values and can show if there is a momentum factor associated with investing in Styrenix Performance Materials.
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.Other Information on Investing in Styrenix Stock
Styrenix Performance financial ratios help investors to determine whether Styrenix 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 Styrenix with respect to the benefits of owning Styrenix Performance security.