Mycron Steel (Malaysia) Market Value
| 5087 Stock | 0.31 0.01 3.33% |
| Symbol | Mycron |
Mycron Steel '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 Mycron Steel'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 Mycron Steel.
| 12/19/2024 |
| 03/19/2025 |
If you would invest 0.00 in Mycron Steel on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding Mycron Steel Bhd or generate 0.0% return on investment in Mycron Steel over 90 days. Mycron Steel is related to or competes with British American, Magni Tech, Genetec Technology, Aurelius Technologies, ONETECH SOLUTIONS, and HeiTech Padu. More
Mycron Steel 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 Mycron Steel'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 Mycron Steel Bhd upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.86 | |||
| Information Ratio | 0.0148 | |||
| Maximum Drawdown | 49.63 | |||
| Value At Risk | (9.38) | |||
| Potential Upside | 6.67 |
Mycron Steel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mycron Steel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mycron Steel's standard deviation. In reality, there are many statistical measures that can use Mycron Steel historical prices to predict the future Mycron Steel's volatility.| Risk Adjusted Performance | 0.0105 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | 0.6667 | |||
| Sortino Ratio | 0.0107 | |||
| Treynor Ratio | (0.01) |
Mycron Steel Bhd Backtested Returns
As of now, Mycron Stock is out of control. Mycron Steel Bhd has Sharpe Ratio of close to zero, which conveys that the firm had a close to zero % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Mycron Steel, which you can use to evaluate the volatility of the firm. Please verify Mycron Steel's Mean Deviation of 3.36, downside deviation of 8.86, and Risk Adjusted Performance of 0.0105 to check out if the risk estimate we provide is consistent with the expected return of 0.064%. The company secures a Beta (Market Risk) of -0.3, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Mycron Steel are expected to decrease at a much lower rate. During the bear market, Mycron Steel is likely to outperform the market. Mycron Steel Bhd right now secures a risk of 6.77%. Please verify Mycron Steel Bhd mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to decide if Mycron Steel Bhd will be following its current price movements.
Auto-correlation | 0.09 |
Virtually no predictability
Mycron Steel Bhd has virtually no predictability. Overlapping area represents the amount of predictability between Mycron Steel time series from 19th of December 2024 to 2nd of February 2025 and 2nd of February 2025 to 19th of March 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 Mycron Steel Bhd price movement. The serial correlation of 0.09 indicates that less than 9.0% of current Mycron Steel price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.09 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Mycron Steel Bhd lagged returns against current returns
Autocorrelation, which is Mycron Steel 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 Mycron Steel's stock expected returns. We can calculate the autocorrelation of Mycron Steel returns to help us make a trade decision. For example, suppose you find that Mycron Steel 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 |
Mycron Steel 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 Mycron Steel stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mycron Steel stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mycron Steel stock over time.
Current vs Lagged Prices |
| Timeline |
Mycron Steel Lagged Returns
When evaluating Mycron Steel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mycron Steel stock have on its future price. Mycron Steel 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, Mycron Steel autocorrelation shows the relationship between Mycron Steel stock current value and its past values and can show if there is a momentum factor associated with investing in Mycron Steel 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 Mycron Stock
Mycron Steel financial ratios help investors to determine whether Mycron 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 Mycron with respect to the benefits of owning Mycron Steel security.