TPL Plastech (India) Market Value
| TPLPLASTEH | 108.78 3.29 3.12% |
| Symbol | TPL |
TPL Plastech '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 TPL Plastech'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 TPL Plastech.
| 09/08/2024 |
| 12/07/2024 |
If you would invest 0.00 in TPL Plastech on September 8, 2024 and sell it all today you would earn a total of 0.00 from holding TPL Plastech Limited or generate 0.0% return on investment in TPL Plastech over 90 days. TPL Plastech is related to or competes with PNC Infratech, Sandhar Technologies, Arrow Greentech, Orient Technologies, Servotech Power, Advanced Enzyme, and Jaypee Infratech. TPL Plastech is entity of India. It is traded as Stock on NSE exchange. More
TPL Plastech 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 TPL Plastech'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 TPL Plastech Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 8.17 | |||
| Value At Risk | (3.55) | |||
| Potential Upside | 3.44 |
TPL Plastech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TPL Plastech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TPL Plastech's standard deviation. In reality, there are many statistical measures that can use TPL Plastech historical prices to predict the future TPL Plastech's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.44) | |||
| Treynor Ratio | (0.18) |
TPL Plastech Limited Backtested Returns
Currently, TPL Plastech Limited is very steady. TPL Plastech Limited owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0057, which indicates the firm had a 0.0057% return per unit of standard deviation over the last 3 months. We have found twenty-two technical indicators for TPL Plastech Limited, which you can use to evaluate the volatility of the company. Please validate TPL Plastech's risk adjusted performance of (0.03), and Variance of 4.04 to confirm if the risk estimate we provide is consistent with the expected return of 0.0119%. The entity has a beta of 0.54, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, TPL Plastech's returns are expected to increase less than the market. However, during the bear market, the loss of holding TPL Plastech is expected to be smaller as well. TPL Plastech Limited presently has a risk of 2.08%. Please validate TPL Plastech jensen alpha, skewness, as well as the relationship between the Skewness and day median price , to decide if TPL Plastech will be following its existing price patterns.
Auto-correlation | -0.08 |
Very weak reverse predictability
TPL Plastech Limited has very weak reverse predictability. Overlapping area represents the amount of predictability between TPL Plastech time series from 8th of September 2024 to 23rd of October 2024 and 23rd of October 2024 to 7th 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 TPL Plastech Limited price movement. The serial correlation of -0.08 indicates that barely 8.0% of current TPL Plastech price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 17.85 |
TPL Plastech Limited lagged returns against current returns
Autocorrelation, which is TPL Plastech 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 TPL Plastech's stock expected returns. We can calculate the autocorrelation of TPL Plastech returns to help us make a trade decision. For example, suppose you find that TPL Plastech 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 |
TPL Plastech 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 TPL Plastech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TPL Plastech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TPL Plastech stock over time.
Current vs Lagged Prices |
| Timeline |
TPL Plastech Lagged Returns
When evaluating TPL Plastech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TPL Plastech stock have on its future price. TPL Plastech 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, TPL Plastech autocorrelation shows the relationship between TPL Plastech stock current value and its past values and can show if there is a momentum factor associated with investing in TPL Plastech 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 TPL Stock Analysis
When running TPL Plastech's price analysis, check to measure TPL Plastech'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 TPL Plastech is operating at the current time. Most of TPL Plastech's value examination focuses on studying past and present price action to predict the probability of TPL Plastech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TPL Plastech's price. Additionally, you may evaluate how the addition of TPL Plastech to your portfolios can decrease your overall portfolio volatility.