Keck Seng (Malaysia) Market Value
| 3476 Stock | 5.72 0.01 0.18% |
| Symbol | Keck |
Keck Seng '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 Keck Seng'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 Keck Seng.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Keck Seng on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Keck Seng Malaysia or generate 0.0% return on investment in Keck Seng over 30 days. Keck Seng is related to or competes with Minetech Resources, Sunzen Biotech, ViTrox Bhd, Hengyuan Refining, and Impiana Hotels. More
Keck Seng 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 Keck Seng'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 Keck Seng Malaysia upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 4.41 | |||
| Value At Risk | (1.22) | |||
| Potential Upside | 1.21 |
Keck Seng Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Keck Seng's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Keck Seng's standard deviation. In reality, there are many statistical measures that can use Keck Seng historical prices to predict the future Keck Seng's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.15) | |||
| Treynor Ratio | (0.47) |
Keck Seng Malaysia Backtested Returns
Keck Seng Malaysia has Sharpe Ratio of -0.0144, which conveys that the firm had a -0.0144% return per unit of risk over the last 3 months. Keck Seng exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Keck Seng's Standard Deviation of 0.7838, mean deviation of 0.5554, and Risk Adjusted Performance of (0.03) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.0977, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Keck Seng's returns are expected to increase less than the market. However, during the bear market, the loss of holding Keck Seng is expected to be smaller as well. At this point, Keck Seng Malaysia has a negative expected return of -0.011%. Please make sure to verify Keck Seng's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Keck Seng Malaysia performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.46 |
Modest reverse predictability
Keck Seng Malaysia has modest reverse predictability. Overlapping area represents the amount of predictability between Keck Seng time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Keck Seng Malaysia price movement. The serial correlation of -0.46 indicates that about 46.0% of current Keck Seng price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Keck Seng Malaysia lagged returns against current returns
Autocorrelation, which is Keck Seng 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 Keck Seng's stock expected returns. We can calculate the autocorrelation of Keck Seng returns to help us make a trade decision. For example, suppose you find that Keck Seng 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 |
Keck Seng 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 Keck Seng stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Keck Seng stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Keck Seng stock over time.
Current vs Lagged Prices |
| Timeline |
Keck Seng Lagged Returns
When evaluating Keck Seng's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Keck Seng stock have on its future price. Keck Seng 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, Keck Seng autocorrelation shows the relationship between Keck Seng stock current value and its past values and can show if there is a momentum factor associated with investing in Keck Seng Malaysia.
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 Keck Stock
Keck Seng financial ratios help investors to determine whether Keck 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 Keck with respect to the benefits of owning Keck Seng security.