Asia Media (Malaysia) Market Value
| 0159 Stock | 0.07 0.01 7.14% |
| Symbol | Asia |
Asia Media '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 Asia Media'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 Asia Media.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Asia Media on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Asia Media Group or generate 0.0% return on investment in Asia Media over 30 days. Asia Media is related to or competes with Central Industrial, Tex Cycle, Computer Forms, Sapura Industrial, Uchi Technologies, and Mercury Industries. More
Asia Media 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 Asia Media'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 Asia Media Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 56.86 | |||
| Value At Risk | (16.67) | |||
| Potential Upside | 13.33 |
Asia Media Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Asia Media's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Asia Media's standard deviation. In reality, there are many statistical measures that can use Asia Media historical prices to predict the future Asia Media's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (1.78) | |||
| Treynor Ratio | 0.5203 |
Asia Media Group Backtested Returns
Asia Media Group secures Sharpe Ratio (or Efficiency) of -0.0116, which signifies that the company had a -0.0116% return per unit of risk over the last 3 months. Asia Media Group exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Asia Media's Mean Deviation of 4.56, risk adjusted performance of (0.01), and Standard Deviation of 9.08 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.51, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Asia Media are expected to decrease at a much lower rate. During the bear market, Asia Media is likely to outperform the market. At this point, Asia Media Group has a negative expected return of -0.11%. Please make sure to confirm Asia Media's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Asia Media Group performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.40 |
Average predictability
Asia Media Group has average predictability. Overlapping area represents the amount of predictability between Asia Media time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd 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 Asia Media Group price movement. The serial correlation of 0.4 indicates that just about 40.0% of current Asia Media price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.4 | |
| Spearman Rank Test | -0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Asia Media Group lagged returns against current returns
Autocorrelation, which is Asia Media 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 Asia Media's stock expected returns. We can calculate the autocorrelation of Asia Media returns to help us make a trade decision. For example, suppose you find that Asia Media 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 |
Asia Media 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 Asia Media stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Asia Media stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Asia Media stock over time.
Current vs Lagged Prices |
| Timeline |
Asia Media Lagged Returns
When evaluating Asia Media's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Asia Media stock have on its future price. Asia Media 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, Asia Media autocorrelation shows the relationship between Asia Media stock current value and its past values and can show if there is a momentum factor associated with investing in Asia Media Group.
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 Asia Stock
Asia Media financial ratios help investors to determine whether Asia 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 Asia with respect to the benefits of owning Asia Media security.