Malaysia Steel (Malaysia) Market Value
| 5098 Stock | 0.33 0.02 6.45% |
| Symbol | Malaysia |
Malaysia 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 Malaysia 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 Malaysia Steel.
| 06/02/2024 |
| 11/29/2024 |
If you would invest 0.00 in Malaysia Steel on June 2, 2024 and sell it all today you would earn a total of 0.00 from holding Malaysia Steel Works or generate 0.0% return on investment in Malaysia Steel over 180 days. Malaysia Steel is related to or competes with Pantech Group, Coraza Integrated, Choo Bee, and Eonmetall Group. More
Malaysia 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 Malaysia 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 Malaysia Steel Works upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 6.56 | |||
| Value At Risk | (3.12) | |||
| Potential Upside | 3.23 |
Malaysia Steel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Malaysia Steel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Malaysia Steel's standard deviation. In reality, there are many statistical measures that can use Malaysia Steel historical prices to predict the future Malaysia Steel's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.37) | |||
| Treynor Ratio | 0.495 |
Malaysia Steel Works Backtested Returns
As of now, Malaysia Stock is abnormally volatile. Malaysia Steel Works has Sharpe Ratio of 0.0096, which conveys that the firm had a 0.0096% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Malaysia Steel, which you can use to evaluate the volatility of the firm. Please verify Malaysia Steel's Risk Adjusted Performance of (0.03), standard deviation of 1.89, and Mean Deviation of 1.18 to check out if the risk estimate we provide is consistent with the expected return of 0.0187%. The company secures a Beta (Market Risk) of -0.18, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Malaysia Steel are expected to decrease at a much lower rate. During the bear market, Malaysia Steel is likely to outperform the market. Malaysia Steel Works right now secures a risk of 1.96%. Please verify Malaysia Steel Works jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if Malaysia Steel Works will be following its current price movements.
Auto-correlation | 0.47 |
Average predictability
Malaysia Steel Works has average predictability. Overlapping area represents the amount of predictability between Malaysia Steel time series from 2nd of June 2024 to 31st of August 2024 and 31st of August 2024 to 29th 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 Malaysia Steel Works price movement. The serial correlation of 0.47 indicates that about 47.0% of current Malaysia Steel price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Malaysia Steel Works lagged returns against current returns
Autocorrelation, which is Malaysia 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 Malaysia Steel's stock expected returns. We can calculate the autocorrelation of Malaysia Steel returns to help us make a trade decision. For example, suppose you find that Malaysia 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 |
Malaysia 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 Malaysia Steel stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Malaysia Steel stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Malaysia Steel stock over time.
Current vs Lagged Prices |
| Timeline |
Malaysia Steel Lagged Returns
When evaluating Malaysia Steel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Malaysia Steel stock have on its future price. Malaysia 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, Malaysia Steel autocorrelation shows the relationship between Malaysia Steel stock current value and its past values and can show if there is a momentum factor associated with investing in Malaysia Steel Works.
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 Malaysia Stock
Malaysia Steel financial ratios help investors to determine whether Malaysia 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 Malaysia with respect to the benefits of owning Malaysia Steel security.