Nexgram Holdings (Malaysia) Market Value
| 0096 Stock | 0.01 0.00 0.00% |
| Symbol | Nexgram |
Nexgram Holdings '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 Nexgram Holdings' 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 Nexgram Holdings.
| 11/26/2024 |
| 12/26/2024 |
If you would invest 0.00 in Nexgram Holdings on November 26, 2024 and sell it all today you would earn a total of 0.00 from holding Nexgram Holdings Bhd or generate 0.0% return on investment in Nexgram Holdings over 30 days. Nexgram Holdings is related to or competes with M N, Hartalega Holdings, Sunway Construction, Inari Amertron, OSK Holdings, Dagang Nexchange, and FARM FRESH. More
Nexgram Holdings 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 Nexgram Holdings' 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 Nexgram Holdings Bhd upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 26.22 | |||
| Information Ratio | 0.0787 | |||
| Maximum Drawdown | 58.33 | |||
| Value At Risk | (25.00) | |||
| Potential Upside | 33.33 |
Nexgram Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nexgram Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nexgram Holdings' standard deviation. In reality, there are many statistical measures that can use Nexgram Holdings historical prices to predict the future Nexgram Holdings' volatility.| Risk Adjusted Performance | 0.0745 | |||
| Jensen Alpha | 1.4 | |||
| Total Risk Alpha | 0.6367 | |||
| Sortino Ratio | 0.0513 | |||
| Treynor Ratio | (1.95) |
Nexgram Holdings Bhd Backtested Returns
Nexgram Holdings is out of control given 3 months investment horizon. Nexgram Holdings Bhd has Sharpe Ratio of 0.0793, which conveys that the firm had a 0.0793% return per unit of risk over the last 3 months. We were able to analyze twenty-four different technical indicators, which can help you to evaluate if expected returns of 1.32% are justified by taking the suggested risk. Use Nexgram Holdings Bhd Mean Deviation of 10.65, downside deviation of 26.22, and Risk Adjusted Performance of 0.0745 to evaluate company specific risk that cannot be diversified away. Nexgram Holdings holds a performance score of 6 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of -0.71, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Nexgram Holdings are expected to decrease at a much lower rate. During the bear market, Nexgram Holdings is likely to outperform the market. Use Nexgram Holdings Bhd jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to analyze future returns on Nexgram Holdings Bhd.
Auto-correlation | 0.29 |
Poor predictability
Nexgram Holdings Bhd has poor predictability. Overlapping area represents the amount of predictability between Nexgram Holdings time series from 26th of November 2024 to 11th of December 2024 and 11th of December 2024 to 26th 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 Nexgram Holdings Bhd price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current Nexgram Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Nexgram Holdings Bhd lagged returns against current returns
Autocorrelation, which is Nexgram Holdings 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 Nexgram Holdings' stock expected returns. We can calculate the autocorrelation of Nexgram Holdings returns to help us make a trade decision. For example, suppose you find that Nexgram Holdings 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 |
Nexgram Holdings 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 Nexgram Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nexgram Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nexgram Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
Nexgram Holdings Lagged Returns
When evaluating Nexgram Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nexgram Holdings stock have on its future price. Nexgram Holdings 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, Nexgram Holdings autocorrelation shows the relationship between Nexgram Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in Nexgram Holdings 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 Nexgram Stock
Nexgram Holdings financial ratios help investors to determine whether Nexgram 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 Nexgram with respect to the benefits of owning Nexgram Holdings security.