ViTrox Bhd (Malaysia) Market Value
| 0097 Stock | 2.88 0.13 4.73% |
| Symbol | ViTrox |
ViTrox Bhd '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 ViTrox Bhd'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 ViTrox Bhd.
| 12/19/2024 |
| 03/19/2025 |
If you would invest 0.00 in ViTrox Bhd on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding ViTrox Bhd or generate 0.0% return on investment in ViTrox Bhd over 90 days. ViTrox Bhd is related to or competes with Eonmetall Group, Berjaya Food, Genetec Technology, Awanbiru Technology, Apollo Food, and Lysaght Galvanized. More
ViTrox Bhd 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 ViTrox Bhd'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 ViTrox Bhd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 19.06 | |||
| Value At Risk | (6.06) | |||
| Potential Upside | 4.99 |
ViTrox Bhd Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ViTrox Bhd's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ViTrox Bhd's standard deviation. In reality, there are many statistical measures that can use ViTrox Bhd historical prices to predict the future ViTrox Bhd's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | 0.0562 | |||
| Treynor Ratio | (1.26) |
ViTrox Bhd Backtested Returns
ViTrox Bhd owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.14, which indicates the firm had a -0.14 % return per unit of risk over the last 3 months. ViTrox Bhd exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate ViTrox Bhd's Variance of 10.65, coefficient of variation of (1,202), and Risk Adjusted Performance of (0.07) to confirm the risk estimate we provide. The entity has a beta of 0.22, which indicates not very significant fluctuations relative to the market. As returns on the market increase, ViTrox Bhd's returns are expected to increase less than the market. However, during the bear market, the loss of holding ViTrox Bhd is expected to be smaller as well. At this point, ViTrox Bhd has a negative expected return of -0.45%. Please make sure to validate ViTrox Bhd's total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if ViTrox Bhd performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.27 |
Poor predictability
ViTrox Bhd has poor predictability. Overlapping area represents the amount of predictability between ViTrox Bhd time series from 19th of December 2024 to 2nd of February 2025 and 2nd of February 2025 to 19th 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 ViTrox Bhd price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current ViTrox Bhd price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.26 |
ViTrox Bhd lagged returns against current returns
Autocorrelation, which is ViTrox Bhd 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 ViTrox Bhd's stock expected returns. We can calculate the autocorrelation of ViTrox Bhd returns to help us make a trade decision. For example, suppose you find that ViTrox Bhd 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 |
ViTrox Bhd 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 ViTrox Bhd stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ViTrox Bhd stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ViTrox Bhd stock over time.
Current vs Lagged Prices |
| Timeline |
ViTrox Bhd Lagged Returns
When evaluating ViTrox Bhd's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ViTrox Bhd stock have on its future price. ViTrox Bhd 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, ViTrox Bhd autocorrelation shows the relationship between ViTrox Bhd stock current value and its past values and can show if there is a momentum factor associated with investing in ViTrox 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 ViTrox Stock
ViTrox Bhd financial ratios help investors to determine whether ViTrox 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 ViTrox with respect to the benefits of owning ViTrox Bhd security.