Mesiniaga Bhd's market value is the price at which a share of Mesiniaga Bhd trades on a public exchange. It measures the collective expectations of Mesiniaga Bhd investors about its performance. Mesiniaga Bhd is selling for 1.55 as of the 28th of November 2024. This is a 4.32 percent decrease since the beginning of the trading day. The stock's lowest day price was 1.55. With this module, you can estimate the performance of a buy and hold strategy of Mesiniaga Bhd and determine expected loss or profit from investing in Mesiniaga 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
Mesiniaga
Mesiniaga 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 Mesiniaga 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 Mesiniaga Bhd.
0.00
10/29/2024
No Change 0.00
0.0
In 30 days
11/28/2024
0.00
If you would invest 0.00 in Mesiniaga Bhd on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Mesiniaga Bhd or generate 0.0% return on investment in Mesiniaga Bhd over 30 days.
Mesiniaga 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 Mesiniaga 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 Mesiniaga 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 Mesiniaga Bhd's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mesiniaga Bhd's standard deviation. In reality, there are many statistical measures that can use Mesiniaga Bhd historical prices to predict the future Mesiniaga Bhd's volatility.
As of now, Mesiniaga Stock is unstable. Mesiniaga Bhd has Sharpe Ratio of 0.0809, which conveys that the firm had a 0.0809% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Mesiniaga Bhd, which you can use to evaluate the volatility of the firm. Please verify Mesiniaga Bhd's Downside Deviation of 2.11, risk adjusted performance of 0.0258, and Mean Deviation of 0.8217 to check out if the risk estimate we provide is consistent with the expected return of 0.12%. Mesiniaga Bhd has a performance score of 6 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.12, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Mesiniaga Bhd are expected to decrease at a much lower rate. During the bear market, Mesiniaga Bhd is likely to outperform the market. Mesiniaga Bhd right now secures a risk of 1.46%. Please verify Mesiniaga Bhd total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to decide if Mesiniaga Bhd will be following its current price movements.
Auto-correlation
-0.66
Very good reverse predictability
Mesiniaga Bhd has very good reverse predictability. Overlapping area represents the amount of predictability between Mesiniaga Bhd time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th of November 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 Mesiniaga Bhd price movement. The serial correlation of -0.66 indicates that around 66.0% of current Mesiniaga Bhd price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.66
Spearman Rank Test
-0.24
Residual Average
0.0
Price Variance
0.0
Mesiniaga Bhd lagged returns against current returns
Autocorrelation, which is Mesiniaga 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 Mesiniaga Bhd's stock expected returns. We can calculate the autocorrelation of Mesiniaga Bhd returns to help us make a trade decision. For example, suppose you find that Mesiniaga 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
Mesiniaga 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 Mesiniaga Bhd stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mesiniaga Bhd stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mesiniaga Bhd stock over time.
Current vs Lagged Prices
Timeline
Mesiniaga Bhd Lagged Returns
When evaluating Mesiniaga Bhd's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mesiniaga Bhd stock have on its future price. Mesiniaga 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, Mesiniaga Bhd autocorrelation shows the relationship between Mesiniaga Bhd stock current value and its past values and can show if there is a momentum factor associated with investing in Mesiniaga Bhd.
Regressed Prices
Timeline
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