Gujarat Mineral (India) Market Value
| GMDCLTD Stock | 392.35 13.25 3.50% |
| Symbol | Gujarat |
Gujarat Mineral '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 Gujarat Mineral'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 Gujarat Mineral.
| 05/09/2024 |
| 06/08/2024 |
If you would invest 0.00 in Gujarat Mineral on May 9, 2024 and sell it all today you would earn a total of 0.00 from holding Gujarat Mineral Development or generate 0.0% return on investment in Gujarat Mineral over 30 days. Gujarat Mineral is related to or competes with Gujarat Raffia, Kingfa Science, Exide Industries, Parag Milk, Chemcon Speciality, Lemon Tree, and Orient Electric. Gujarat Mineral is entity of India. It is traded as Stock on NSE exchange. More
Gujarat Mineral 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 Gujarat Mineral'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 Gujarat Mineral Development upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.88 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 14.3 | |||
| Value At Risk | (3.99) | |||
| Potential Upside | 5.54 |
Gujarat Mineral Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gujarat Mineral's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gujarat Mineral's standard deviation. In reality, there are many statistical measures that can use Gujarat Mineral historical prices to predict the future Gujarat Mineral's volatility.| Risk Adjusted Performance | 0.0106 | |||
| Jensen Alpha | (0.0007) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.0062 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Gujarat Mineral's 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.
Gujarat Mineral Deve Backtested Returns
We consider Gujarat Mineral very steady. Gujarat Mineral Deve holds Efficiency (Sharpe) Ratio of 0.0315, which attests that the entity had a 0.0315% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Gujarat Mineral Deve, which you can use to evaluate the volatility of the firm. Please check out Gujarat Mineral's Downside Deviation of 2.88, risk adjusted performance of 0.0106, and Market Risk Adjusted Performance of 0.0162 to validate if the risk estimate we provide is consistent with the expected return of 0.11%. Gujarat Mineral has a performance score of 2 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.52, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Gujarat Mineral's returns are expected to increase less than the market. However, during the bear market, the loss of holding Gujarat Mineral is expected to be smaller as well. Gujarat Mineral Deve right now retains a risk of 3.39%. Please check out Gujarat Mineral total risk alpha, expected short fall, market facilitation index, as well as the relationship between the value at risk and daily balance of power , to decide if Gujarat Mineral will be following its current trending patterns.
Auto-correlation | -0.61 |
Very good reverse predictability
Gujarat Mineral Development has very good reverse predictability. Overlapping area represents the amount of predictability between Gujarat Mineral time series from 9th of May 2024 to 24th of May 2024 and 24th of May 2024 to 8th of June 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 Gujarat Mineral Deve price movement. The serial correlation of -0.61 indicates that roughly 61.0% of current Gujarat Mineral price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.61 | |
| Spearman Rank Test | -0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 303.57 |
Gujarat Mineral Deve lagged returns against current returns
Autocorrelation, which is Gujarat Mineral 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 Gujarat Mineral's stock expected returns. We can calculate the autocorrelation of Gujarat Mineral returns to help us make a trade decision. For example, suppose you find that Gujarat Mineral 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 |
Gujarat Mineral 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 Gujarat Mineral stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gujarat Mineral stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gujarat Mineral stock over time.
Current vs Lagged Prices |
| Timeline |
Gujarat Mineral Lagged Returns
When evaluating Gujarat Mineral's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gujarat Mineral stock have on its future price. Gujarat Mineral 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, Gujarat Mineral autocorrelation shows the relationship between Gujarat Mineral stock current value and its past values and can show if there is a momentum factor associated with investing in Gujarat Mineral Development.
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 Gujarat Stock
Gujarat Mineral financial ratios help investors to determine whether Gujarat 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 Gujarat with respect to the benefits of owning Gujarat Mineral security.