Shanthi Gears (India) Market Value
| SHANTIGEAR | 510.30 2.80 0.55% |
| Symbol | Shanthi |
Shanthi Gears '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 Shanthi Gears' 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 Shanthi Gears.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in Shanthi Gears on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding Shanthi Gears Limited or generate 0.0% return on investment in Shanthi Gears over 180 days. Shanthi Gears is related to or competes with Industrial Investment, UTI Asset, EMBASSY OFFICE, S P, Kewal Kiran, Modi Rubber, and BF Utilities. Shanthi Gears is entity of India. It is traded as Stock on NSE exchange. More
Shanthi Gears 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 Shanthi Gears' 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 Shanthi Gears Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 12.69 | |||
| Value At Risk | (3.33) | |||
| Potential Upside | 3.69 |
Shanthi Gears Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shanthi Gears' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shanthi Gears' standard deviation. In reality, there are many statistical measures that can use Shanthi Gears historical prices to predict the future Shanthi Gears' volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.30) | |||
| Total Risk Alpha | (0.60) | |||
| Treynor Ratio | (1.01) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Shanthi Gears' 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.
Shanthi Gears Limited Backtested Returns
Shanthi Gears Limited 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. Shanthi Gears Limited exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Shanthi Gears' Variance of 4.68, risk adjusted performance of (0.08), and Coefficient Of Variation of (836.91) to confirm the risk estimate we provide. The entity has a beta of 0.27, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Shanthi Gears' returns are expected to increase less than the market. However, during the bear market, the loss of holding Shanthi Gears is expected to be smaller as well. At this point, Shanthi Gears Limited has a negative expected return of -0.28%. Please make sure to validate Shanthi Gears' treynor ratio, as well as the relationship between the kurtosis and day typical price , to decide if Shanthi Gears Limited performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.21 |
Weak reverse predictability
Shanthi Gears Limited has weak reverse predictability. Overlapping area represents the amount of predictability between Shanthi Gears time series from 30th of May 2024 to 28th of August 2024 and 28th of August 2024 to 26th of November 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 Shanthi Gears Limited price movement. The serial correlation of -0.21 indicates that over 21.0% of current Shanthi Gears price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.21 | |
| Spearman Rank Test | -0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 1613.72 |
Shanthi Gears Limited lagged returns against current returns
Autocorrelation, which is Shanthi Gears 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 Shanthi Gears' stock expected returns. We can calculate the autocorrelation of Shanthi Gears returns to help us make a trade decision. For example, suppose you find that Shanthi Gears 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 |
Shanthi Gears 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 Shanthi Gears stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shanthi Gears stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shanthi Gears stock over time.
Current vs Lagged Prices |
| Timeline |
Shanthi Gears Lagged Returns
When evaluating Shanthi Gears' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shanthi Gears stock have on its future price. Shanthi Gears 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, Shanthi Gears autocorrelation shows the relationship between Shanthi Gears stock current value and its past values and can show if there is a momentum factor associated with investing in Shanthi Gears 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 Shanthi Stock
Shanthi Gears financial ratios help investors to determine whether Shanthi 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 Shanthi with respect to the benefits of owning Shanthi Gears security.