Sumeet Industries (India) Market Value

SUMEETINDS   97.80  0.00  0.00%   
Sumeet Industries' market value is the price at which a share of Sumeet Industries trades on a public exchange. It measures the collective expectations of Sumeet Industries Limited investors about its performance. Sumeet Industries is trading at 97.80 as of the 24th of December 2024. This is a No Change since the beginning of the trading day. The stock's open price was 97.8.
With this module, you can estimate the performance of a buy and hold strategy of Sumeet Industries Limited and determine expected loss or profit from investing in Sumeet Industries over a given investment horizon. Check out Sumeet Industries Correlation, Sumeet Industries Volatility and Sumeet Industries Alpha and Beta module to complement your research on Sumeet Industries.
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Please note, there is a significant difference between Sumeet Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Sumeet Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sumeet Industries' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Sumeet Industries '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 Sumeet Industries' 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 Sumeet Industries.
0.00
11/24/2024
No Change 0.00  0.0 
In 31 days
12/24/2024
0.00
If you would invest  0.00  in Sumeet Industries on November 24, 2024 and sell it all today you would earn a total of 0.00 from holding Sumeet Industries Limited or generate 0.0% return on investment in Sumeet Industries over 30 days. Sumeet Industries is related to or competes with Reliance Industries, HDFC Bank, Kingfa Science, Rico Auto, GACM Technologies, COSMO FIRST, and Delta Manufacturing. Sumeet Industries is entity of India. It is traded as Stock on NSE exchange. More

Sumeet Industries 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 Sumeet Industries' 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 Sumeet Industries Limited upside and downside potential and time the market with a certain degree of confidence.

Sumeet Industries Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Sumeet Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sumeet Industries' standard deviation. In reality, there are many statistical measures that can use Sumeet Industries historical prices to predict the future Sumeet Industries' volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sumeet Industries' 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.
Hype
Prediction
LowEstimatedHigh
4.8997.809,878
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Intrinsic
Valuation
LowRealHigh
3.0961.739,842
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Sumeet Industries Backtested Returns

Sumeet Industries is out of control given 3 months investment horizon. Sumeet Industries owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates the firm had a 0.13% return per unit of risk over the last 3 months. We were able to interpolate seventeen different technical indicators, which can help you to evaluate if expected returns of 16.49% are justified by taking the suggested risk. Use Sumeet Industries Variance of 52253.1, coefficient of variation of 795.94, and Risk Adjusted Performance of 0.1095 to evaluate company specific risk that cannot be diversified away. Sumeet Industries holds a performance score of 10 on a scale of zero to a hundred. The entity has a beta of -35.73, which indicates a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Sumeet Industries are expected to decrease by larger amounts. On the other hand, during market turmoil, Sumeet Industries is expected to outperform it. Use Sumeet Industries information ratio, potential upside, as well as the relationship between the Potential Upside and rate of daily change , to analyze future returns on Sumeet Industries.

Auto-correlation

    
  1.00  

Perfect predictability

Sumeet Industries Limited has perfect predictability. Overlapping area represents the amount of predictability between Sumeet Industries time series from 24th of November 2024 to 9th of December 2024 and 9th of December 2024 to 24th 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 Sumeet Industries price movement. The serial correlation of 1.0 indicates that 100.0% of current Sumeet Industries price fluctuation can be explain by its past prices.
Correlation Coefficient1.0
Spearman Rank Test1.0
Residual Average0.0
Price Variance0.0

Sumeet Industries lagged returns against current returns

Autocorrelation, which is Sumeet Industries 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 Sumeet Industries' stock expected returns. We can calculate the autocorrelation of Sumeet Industries returns to help us make a trade decision. For example, suppose you find that Sumeet Industries 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   
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Sumeet Industries 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 Sumeet Industries stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sumeet Industries stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sumeet Industries stock over time.
   Current vs Lagged Prices   
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Sumeet Industries Lagged Returns

When evaluating Sumeet Industries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sumeet Industries stock have on its future price. Sumeet Industries 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, Sumeet Industries autocorrelation shows the relationship between Sumeet Industries stock current value and its past values and can show if there is a momentum factor associated with investing in Sumeet Industries 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 Sumeet Stock

Sumeet Industries financial ratios help investors to determine whether Sumeet 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 Sumeet with respect to the benefits of owning Sumeet Industries security.