MCX ICOMDEX (India) Market Value

Indexes . India . 
Index . MCX ICOMDEX ALUMINIUM
MCIALUM Index   11,451  5.51  0.0481%   
MCX ICOMDEX's market value is the price at which a share of MCX ICOMDEX stock trades on a public exchange. It measures the collective expectations of MCX ICOMDEX ALUMINIUM investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of MCX ICOMDEX ALUMINIUM and determine expected loss or profit from investing in MCX ICOMDEX over a given investment horizon. Check out Correlation Analysis to better understand how to build diversified portfolios.
Symbol

MCX ICOMDEX '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 MCX ICOMDEX's index 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 MCX ICOMDEX.
0.00
12/01/2022
No Change 0.00  0.0 
In 5 months and 29 days
05/30/2023
0.00
If you would invest  0.00  in MCX ICOMDEX on December 1, 2022 and sell it all today you would earn a total of 0.00 from holding MCX ICOMDEX ALUMINIUM or generate 0.0% return on investment in MCX ICOMDEX over 180 days.

MCX ICOMDEX 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 MCX ICOMDEX's index 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 MCX ICOMDEX ALUMINIUM upside and downside potential and time the market with a certain degree of confidence.
Information Ratio0.0334
Maximum Drawdown4.28
Value At Risk(1.27)
Potential Upside1.54

MCX ICOMDEX Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for MCX ICOMDEX's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MCX ICOMDEX's standard deviation. In reality, there are many statistical measures that can use MCX ICOMDEX historical prices to predict the future MCX ICOMDEX's volatility.
Risk Adjusted Performance(0.022126)
Total Risk Alpha0.0216
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of MCX ICOMDEX'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. Please use the tools below to analyze the current value of MCX ICOMDEX in the context of predictive analytics.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as MCX ICOMDEX. Your research has to be compared to or analyzed against MCX ICOMDEX's peers to derive any actionable benefits. When done correctly, MCX ICOMDEX's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in MCX ICOMDEX ALUMINIUM.

MCX ICOMDEX ALUMINIUM Backtested Returns

MCX ICOMDEX ALUMINIUM has Sharpe Ratio of -0.0678, which conveys that the index had -0.0678% of return per unit of standard deviation over the last 3 months. Our approach into estimating the risk of any index is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. MCX ICOMDEX exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its stock price that cannot be diversified away.
The entity secures a Beta (Market Risk) of 0.0, which conveys not very significant fluctuations relative to the market. Let's try to break down what MCX's beta means in this case. the returns on MARKET and MCX ICOMDEX are completely uncorrelated. Even though it is essential to pay attention to MCX ICOMDEX ALUMINIUM price patterns, it is always good to be careful when utilizing equity historical price patterns. Our approach into estimating any index's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. MCX ICOMDEX exposes twenty-one different technical indicators, which can help you to evaluate its performance.

Auto-correlation

    
  0.29  

Poor predictability

MCX ICOMDEX ALUMINIUM has poor predictability. Overlapping area represents the amount of predictability between MCX ICOMDEX time series from 1st of December 2022 to 1st of March 2023 and 1st of March 2023 to 30th of May 2023. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of MCX ICOMDEX ALUMINIUM price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current MCX ICOMDEX price fluctuation can be explain by its past prices.
Correlation Coefficient0.29
Spearman Rank Test-0.07
Residual Average0.0
Price Variance19.2 K

MCX ICOMDEX ALUMINIUM lagged returns against current returns

Autocorrelation, which is MCX ICOMDEX index'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 MCX ICOMDEX's index expected returns. We can calculate the autocorrelation of MCX ICOMDEX returns to help us make a trade decision. For example, suppose you find that MCX ICOMDEX index 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 stock movement to match the lagging time series.
   Current and Lagged Values   
       Timeline  

MCX ICOMDEX 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 MCX ICOMDEX index is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MCX ICOMDEX index is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MCX ICOMDEX index over time.
   Current vs Lagged Prices   
       Timeline  

MCX ICOMDEX Lagged Returns

When evaluating MCX ICOMDEX's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MCX ICOMDEX index have on its future price. MCX ICOMDEX 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, MCX ICOMDEX autocorrelation shows the relationship between MCX ICOMDEX index current value and its past values and can show if there is a momentum factor associated with investing in MCX ICOMDEX ALUMINIUM.
   Regressed Prices   
       Timeline  

Be your own money manager

Our tools can tell you how much better you can do entering a position in MCX ICOMDEX without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as MCX ICOMDEX ALUMINIUM using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.

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Check out Correlation Analysis to better understand how to build diversified portfolios. You can also try Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.

Complementary Tools for MCX Index analysis

When running MCX ICOMDEX's price analysis, check to measure MCX ICOMDEX'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 MCX ICOMDEX is operating at the current time. Most of MCX ICOMDEX's value examination focuses on studying past and present price action to predict the probability of MCX ICOMDEX's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MCX ICOMDEX's price. Additionally, you may evaluate how the addition of MCX ICOMDEX to your portfolios can decrease your overall portfolio volatility.
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MCX ICOMDEX technical index analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, index market cycles, or different charting patterns.
Overlap Analysis
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Forecast Models
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Price Shifting
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Volatility Indicators
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Value Movement
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A focus of MCX ICOMDEX technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of MCX ICOMDEX trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...
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