Vraj Iron (India) Market Value
| VRAJ Stock | 222.40 0.60 0.27% |
| Symbol | Vraj |
Vraj Iron '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 Vraj Iron'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 Vraj Iron.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Vraj Iron on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Vraj Iron and or generate 0.0% return on investment in Vraj Iron over 30 days. Vraj Iron is related to or competes with MEDI ASSIST, Blue Jet, TTK Healthcare, Arrow Greentech, Apollo Hospitals, Clean Science, and Yatharth Hospital. Vraj Iron is entity of India. It is traded as Stock on NSE exchange. More
Vraj Iron 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 Vraj Iron'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 Vraj Iron and upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.42 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 21.92 | |||
| Value At Risk | (3.52) | |||
| Potential Upside | 5.46 |
Vraj Iron Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vraj Iron's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vraj Iron's standard deviation. In reality, there are many statistical measures that can use Vraj Iron historical prices to predict the future Vraj Iron's volatility.| Risk Adjusted Performance | 0.0238 | |||
| Jensen Alpha | 0.0033 | |||
| Total Risk Alpha | (0.48) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.1354 |
Vraj Iron Backtested Returns
Currently, Vraj Iron and is very steady. Vraj Iron owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0225, which indicates the firm had a 0.0225% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Vraj Iron and, which you can use to evaluate the volatility of the company. Please validate Vraj Iron's Coefficient Of Variation of 4741.63, semi deviation of 2.3, and Risk Adjusted Performance of 0.0238 to confirm if the risk estimate we provide is consistent with the expected return of 0.0741%. Vraj Iron has a performance score of 1 on a scale of 0 to 100. The entity has a beta of 0.43, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Vraj Iron's returns are expected to increase less than the market. However, during the bear market, the loss of holding Vraj Iron is expected to be smaller as well. Vraj Iron right now has a risk of 3.29%. Please validate Vraj Iron coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to decide if Vraj Iron will be following its existing price patterns.
Auto-correlation | -0.53 |
Good reverse predictability
Vraj Iron and has good reverse predictability. Overlapping area represents the amount of predictability between Vraj Iron time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd 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 Vraj Iron price movement. The serial correlation of -0.53 indicates that about 53.0% of current Vraj Iron price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.53 | |
| Spearman Rank Test | -0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 11.73 |
Vraj Iron lagged returns against current returns
Autocorrelation, which is Vraj Iron 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 Vraj Iron's stock expected returns. We can calculate the autocorrelation of Vraj Iron returns to help us make a trade decision. For example, suppose you find that Vraj Iron 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 |
Vraj Iron 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 Vraj Iron stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vraj Iron stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vraj Iron stock over time.
Current vs Lagged Prices |
| Timeline |
Vraj Iron Lagged Returns
When evaluating Vraj Iron's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vraj Iron stock have on its future price. Vraj Iron 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, Vraj Iron autocorrelation shows the relationship between Vraj Iron stock current value and its past values and can show if there is a momentum factor associated with investing in Vraj Iron and.
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.Additional Tools for Vraj Stock Analysis
When running Vraj Iron's price analysis, check to measure Vraj Iron'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 Vraj Iron is operating at the current time. Most of Vraj Iron's value examination focuses on studying past and present price action to predict the probability of Vraj Iron's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Vraj Iron's price. Additionally, you may evaluate how the addition of Vraj Iron to your portfolios can decrease your overall portfolio volatility.