Genting Bhd's market value is the price at which a share of Genting Bhd trades on a public exchange. It measures the collective expectations of Genting Bhd investors about its performance. Genting Bhd is selling for 3.70 as of the 20th of January 2025. This is a 2.49 percent increase since the beginning of the trading day. The stock's lowest day price was 3.69. With this module, you can estimate the performance of a buy and hold strategy of Genting Bhd and determine expected loss or profit from investing in Genting Bhd over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
Genting
Genting 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 Genting 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 Genting Bhd.
0.00
12/21/2024
No Change 0.00
0.0
In 30 days
01/20/2025
0.00
If you would invest 0.00 in Genting Bhd on December 21, 2024 and sell it all today you would earn a total of 0.00 from holding Genting Bhd or generate 0.0% return on investment in Genting Bhd over 30 days.
Genting 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 Genting 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 Genting Bhd upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Genting Bhd's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Genting Bhd's standard deviation. In reality, there are many statistical measures that can use Genting Bhd historical prices to predict the future Genting Bhd's volatility.
Genting Bhd holds Efficiency (Sharpe) Ratio of -0.11, which attests that the entity had a -0.11 % return per unit of risk over the last 3 months. Genting Bhd exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Genting Bhd's Risk Adjusted Performance of (0.13), standard deviation of 1.2, and Market Risk Adjusted Performance of (1.18) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.16, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Genting Bhd's returns are expected to increase less than the market. However, during the bear market, the loss of holding Genting Bhd is expected to be smaller as well. At this point, Genting Bhd has a negative expected return of -0.13%. Please make sure to check out Genting Bhd's total risk alpha, maximum drawdown, and the relationship between the jensen alpha and treynor ratio , to decide if Genting Bhd performance from the past will be repeated at some point in the near future.
Auto-correlation
-0.93
Near perfect reversele predictability
Genting Bhd has near perfect reversele predictability. Overlapping area represents the amount of predictability between Genting Bhd time series from 21st of December 2024 to 5th of January 2025 and 5th of January 2025 to 20th of January 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 Genting Bhd price movement. The serial correlation of -0.93 indicates that approximately 93.0% of current Genting Bhd price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.93
Spearman Rank Test
-0.8
Residual Average
0.0
Price Variance
0.01
Genting Bhd lagged returns against current returns
Autocorrelation, which is Genting 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 Genting Bhd's stock expected returns. We can calculate the autocorrelation of Genting Bhd returns to help us make a trade decision. For example, suppose you find that Genting 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
Genting 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 Genting Bhd stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Genting Bhd stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Genting Bhd stock over time.
Current vs Lagged Prices
Timeline
Genting Bhd Lagged Returns
When evaluating Genting Bhd's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Genting Bhd stock have on its future price. Genting 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, Genting Bhd autocorrelation shows the relationship between Genting Bhd stock current value and its past values and can show if there is a momentum factor associated with investing in Genting Bhd.
Regressed Prices
Timeline
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