Venus Pipes (India) Market Value
| VENUSPIPES | 1,590 9.70 0.61% |
| Symbol | Venus |
Venus Pipes '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 Venus Pipes' 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 Venus Pipes.
| 06/25/2024 |
| 12/22/2024 |
If you would invest 0.00 in Venus Pipes on June 25, 2024 and sell it all today you would earn a total of 0.00 from holding Venus Pipes Tubes or generate 0.0% return on investment in Venus Pipes over 180 days. Venus Pipes is related to or competes with Vraj Iron, Manaksia Steels, Vardhman Special, Privi Speciality, Varun Beverages, Steelcast, and Electrosteel Castings. Venus Pipes is entity of India. It is traded as Stock on NSE exchange. More
Venus Pipes 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 Venus Pipes' 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 Venus Pipes Tubes upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 16.09 | |||
| Value At Risk | (3.84) | |||
| Potential Upside | 2.92 |
Venus Pipes Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Venus Pipes' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Venus Pipes' standard deviation. In reality, there are many statistical measures that can use Venus Pipes historical prices to predict the future Venus Pipes' volatility.| Risk Adjusted Performance | (0.17) | |||
| Jensen Alpha | (0.50) | |||
| Total Risk Alpha | (0.55) | |||
| Treynor Ratio | (0.92) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Venus Pipes' 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.
Venus Pipes Tubes Backtested Returns
Venus Pipes Tubes owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.22, which indicates the firm had a -0.22% return per unit of risk over the last 3 months. Venus Pipes Tubes exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Venus Pipes' Coefficient Of Variation of (461.32), risk adjusted performance of (0.17), and Variance of 4.86 to confirm the risk estimate we provide. The entity has a beta of 0.53, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Venus Pipes' returns are expected to increase less than the market. However, during the bear market, the loss of holding Venus Pipes is expected to be smaller as well. At this point, Venus Pipes Tubes has a negative expected return of -0.49%. Please make sure to validate Venus Pipes' treynor ratio, accumulation distribution, as well as the relationship between the Accumulation Distribution and price action indicator , to decide if Venus Pipes Tubes performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.7 |
Very good reverse predictability
Venus Pipes Tubes has very good reverse predictability. Overlapping area represents the amount of predictability between Venus Pipes time series from 25th of June 2024 to 23rd of September 2024 and 23rd of September 2024 to 22nd 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 Venus Pipes Tubes price movement. The serial correlation of -0.7 indicates that around 70.0% of current Venus Pipes price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.7 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 37.3 K |
Venus Pipes Tubes lagged returns against current returns
Autocorrelation, which is Venus Pipes 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 Venus Pipes' stock expected returns. We can calculate the autocorrelation of Venus Pipes returns to help us make a trade decision. For example, suppose you find that Venus Pipes 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 |
Venus Pipes 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 Venus Pipes stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Venus Pipes stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Venus Pipes stock over time.
Current vs Lagged Prices |
| Timeline |
Venus Pipes Lagged Returns
When evaluating Venus Pipes' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Venus Pipes stock have on its future price. Venus Pipes 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, Venus Pipes autocorrelation shows the relationship between Venus Pipes stock current value and its past values and can show if there is a momentum factor associated with investing in Venus Pipes Tubes.
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 Venus Stock
Venus Pipes financial ratios help investors to determine whether Venus 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 Venus with respect to the benefits of owning Venus Pipes security.