MTouche Technology (Malaysia) Market Value
| 0092 Stock | 0.04 0.01 12.50% |
| Symbol | MTouche |
MTouche Technology '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 MTouche Technology'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 MTouche Technology.
| 12/18/2024 |
| 03/18/2025 |
If you would invest 0.00 in MTouche Technology on December 18, 2024 and sell it all today you would earn a total of 0.00 from holding mTouche Technology Bhd or generate 0.0% return on investment in MTouche Technology over 90 days. MTouche Technology is related to or competes with Public Bank, Mercury Industries, Melewar Industrial, British American, Eonmetall Group, Sports Toto, and Sanichi Technology. More
MTouche Technology 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 MTouche Technology'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 mTouche Technology Bhd upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 17.07 | |||
| Information Ratio | 0.0633 | |||
| Maximum Drawdown | 55.56 | |||
| Value At Risk | (14.29) | |||
| Potential Upside | 16.67 |
MTouche Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MTouche Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MTouche Technology's standard deviation. In reality, there are many statistical measures that can use MTouche Technology historical prices to predict the future MTouche Technology's volatility.| Risk Adjusted Performance | 0.0564 | |||
| Jensen Alpha | 0.5908 | |||
| Total Risk Alpha | 1.95 | |||
| Sortino Ratio | 0.0405 | |||
| Treynor Ratio | 7.4 |
mTouche Technology Bhd Backtested Returns
MTouche Technology appears to be out of control, given 3 months investment horizon. mTouche Technology Bhd has Sharpe Ratio of 0.056, which conveys that the firm had a 0.056 % return per unit of risk over the last 3 months. By analyzing MTouche Technology's technical indicators, you can evaluate if the expected return of 0.63% is justified by implied risk. Please exercise MTouche Technology's Market Risk Adjusted Performance of 7.41, risk adjusted performance of 0.0564, and Downside Deviation of 17.07 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, MTouche Technology holds a performance score of 4. The company secures a Beta (Market Risk) of 0.0787, which conveys not very significant fluctuations relative to the market. As returns on the market increase, MTouche Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding MTouche Technology is expected to be smaller as well. Please check MTouche Technology's downside deviation, information ratio, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether MTouche Technology's current price movements will revert.
Auto-correlation | 0.11 |
Insignificant predictability
mTouche Technology Bhd has insignificant predictability. Overlapping area represents the amount of predictability between MTouche Technology time series from 18th of December 2024 to 1st of February 2025 and 1st of February 2025 to 18th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of mTouche Technology Bhd price movement. The serial correlation of 0.11 indicates that less than 11.0% of current MTouche Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.11 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
mTouche Technology Bhd lagged returns against current returns
Autocorrelation, which is MTouche Technology 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 MTouche Technology's stock expected returns. We can calculate the autocorrelation of MTouche Technology returns to help us make a trade decision. For example, suppose you find that MTouche Technology 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 |
MTouche Technology 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 MTouche Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MTouche Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MTouche Technology stock over time.
Current vs Lagged Prices |
| Timeline |
MTouche Technology Lagged Returns
When evaluating MTouche Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MTouche Technology stock have on its future price. MTouche Technology 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, MTouche Technology autocorrelation shows the relationship between MTouche Technology stock current value and its past values and can show if there is a momentum factor associated with investing in mTouche Technology Bhd.
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 MTouche Stock
MTouche Technology financial ratios help investors to determine whether MTouche 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 MTouche with respect to the benefits of owning MTouche Technology security.