Sime Darby (Malaysia) Market Value
| 4197 Stock | 2.34 0.04 1.74% |
| Symbol | Sime |
Sime Darby '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 Sime Darby'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 Sime Darby.
| 01/07/2023 |
| 12/27/2024 |
If you would invest 0.00 in Sime Darby on January 7, 2023 and sell it all today you would earn a total of 0.00 from holding Sime Darby Bhd or generate 0.0% return on investment in Sime Darby over 720 days. Sime Darby is related to or competes with OSK Holdings, Genetec Technology, Heineken Bhd, MI Technovation, Kuala Lumpur, and Alliance Financial. More
Sime Darby 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 Sime Darby'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 Sime Darby Bhd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 9.62 | |||
| Value At Risk | (2.40) | |||
| Potential Upside | 3.14 |
Sime Darby Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sime Darby's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sime Darby's standard deviation. In reality, there are many statistical measures that can use Sime Darby historical prices to predict the future Sime Darby's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.13) | |||
| Treynor Ratio | 0.2703 |
Sime Darby Bhd Backtested Returns
Sime Darby Bhd owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0399, which indicates the firm had a -0.0399% return per unit of risk over the last 3 months. Sime Darby Bhd exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sime Darby's Risk Adjusted Performance of (0.01), coefficient of variation of (5,612), and Variance of 2.98 to confirm the risk estimate we provide. The entity has a beta of -0.15, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Sime Darby are expected to decrease at a much lower rate. During the bear market, Sime Darby is likely to outperform the market. At this point, Sime Darby Bhd has a negative expected return of -0.0668%. Please make sure to validate Sime Darby's coefficient of variation, information ratio, total risk alpha, as well as the relationship between the standard deviation and jensen alpha , to decide if Sime Darby Bhd performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.74 |
Almost perfect reverse predictability
Sime Darby Bhd has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Sime Darby time series from 7th of January 2023 to 2nd of January 2024 and 2nd of January 2024 to 27th 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 Sime Darby Bhd price movement. The serial correlation of -0.74 indicates that around 74.0% of current Sime Darby price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.74 | |
| Spearman Rank Test | -0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Sime Darby Bhd lagged returns against current returns
Autocorrelation, which is Sime Darby 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 Sime Darby's stock expected returns. We can calculate the autocorrelation of Sime Darby returns to help us make a trade decision. For example, suppose you find that Sime Darby 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 |
Sime Darby 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 Sime Darby stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sime Darby stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sime Darby stock over time.
Current vs Lagged Prices |
| Timeline |
Sime Darby Lagged Returns
When evaluating Sime Darby's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sime Darby stock have on its future price. Sime Darby 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, Sime Darby autocorrelation shows the relationship between Sime Darby stock current value and its past values and can show if there is a momentum factor associated with investing in Sime Darby 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 Sime Stock
Sime Darby financial ratios help investors to determine whether Sime 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 Sime with respect to the benefits of owning Sime Darby security.