Protasco Bhd (Malaysia) Market Value
| 5070 Stock | 0.31 0.08 34.78% |
| Symbol | Protasco |
Protasco 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 Protasco 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 Protasco Bhd.
| 09/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in Protasco Bhd on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding Protasco Bhd or generate 0.0% return on investment in Protasco Bhd over 90 days. Protasco Bhd is related to or competes with Sunway Construction, Pesona Metro, Ho Hup, Central Industrial, and . More
Protasco 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 Protasco 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 Protasco Bhd upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.52 | |||
| Information Ratio | 0.0255 | |||
| Maximum Drawdown | 14.29 | |||
| Value At Risk | (4.35) | |||
| Potential Upside | 4.55 |
Protasco Bhd Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Protasco Bhd's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Protasco Bhd's standard deviation. In reality, there are many statistical measures that can use Protasco Bhd historical prices to predict the future Protasco Bhd's volatility.| Risk Adjusted Performance | 0.0484 | |||
| Jensen Alpha | 0.3561 | |||
| Total Risk Alpha | (0.60) | |||
| Sortino Ratio | 0.0292 | |||
| Treynor Ratio | (0.34) |
Protasco Bhd Backtested Returns
Protasco Bhd appears to be out of control, given 3 months investment horizon. Protasco Bhd maintains Sharpe Ratio (i.e., Efficiency) of 0.0427, which implies the firm had a 0.0427% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Protasco Bhd, which you can use to evaluate the volatility of the company. Please evaluate Protasco Bhd's Semi Deviation of 2.37, coefficient of variation of 1917.8, and Risk Adjusted Performance of 0.0484 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Protasco Bhd holds a performance score of 3. The company holds a Beta of -0.76, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Protasco Bhd are expected to decrease at a much lower rate. During the bear market, Protasco Bhd is likely to outperform the market. Please check Protasco Bhd's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Protasco Bhd's historical price patterns will revert.
Auto-correlation | -0.15 |
Insignificant reverse predictability
Protasco Bhd has insignificant reverse predictability. Overlapping area represents the amount of predictability between Protasco Bhd time series from 3rd of September 2024 to 18th of October 2024 and 18th of October 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 Protasco Bhd price movement. The serial correlation of -0.15 indicates that less than 15.0% of current Protasco Bhd price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.15 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Protasco Bhd lagged returns against current returns
Autocorrelation, which is Protasco 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 Protasco Bhd's stock expected returns. We can calculate the autocorrelation of Protasco Bhd returns to help us make a trade decision. For example, suppose you find that Protasco 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 |
Protasco 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 Protasco Bhd stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Protasco Bhd stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Protasco Bhd stock over time.
Current vs Lagged Prices |
| Timeline |
Protasco Bhd Lagged Returns
When evaluating Protasco Bhd's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Protasco Bhd stock have on its future price. Protasco 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, Protasco Bhd autocorrelation shows the relationship between Protasco Bhd stock current value and its past values and can show if there is a momentum factor associated with investing in Protasco 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 Protasco Stock
Protasco Bhd financial ratios help investors to determine whether Protasco 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 Protasco with respect to the benefits of owning Protasco Bhd security.