Al Aqar (Malaysia) Market Value
| 5116 Stock | 1.28 0.01 0.78% |
| Symbol | 5116 |
Al Aqar '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 Al Aqar'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 Al Aqar.
| 01/27/2025 |
| 02/26/2025 |
If you would invest 0.00 in Al Aqar on January 27, 2025 and sell it all today you would earn a total of 0.00 from holding Al Aqar Healthcare or generate 0.0% return on investment in Al Aqar over 30 days. Al Aqar is related to or competes with ECM Libra, Tex Cycle, Coraza Integrated, KPJ Healthcare, and PMB Technology. More
Al Aqar 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 Al Aqar'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 Al Aqar Healthcare upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 5.99 | |||
| Value At Risk | (1.49) | |||
| Potential Upside | 1.56 |
Al Aqar Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Al Aqar's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Al Aqar's standard deviation. In reality, there are many statistical measures that can use Al Aqar historical prices to predict the future Al Aqar's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.10) | |||
| Treynor Ratio | 0.2593 |
Al Aqar Healthcare Backtested Returns
Al Aqar Healthcare retains Efficiency (Sharpe Ratio) of -0.0854, which signifies that the company had a -0.0854 % return per unit of price deviation over the last 3 months. Al Aqar exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Al Aqar's Variance of 1.09, market risk adjusted performance of 0.2693, and Information Ratio of (0.1) to double-check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of -0.37, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Al Aqar are expected to decrease at a much lower rate. During the bear market, Al Aqar is likely to outperform the market. At this point, Al Aqar Healthcare has a negative expected return of -0.0847%. Please make sure to confirm Al Aqar's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Al Aqar Healthcare performance from the past will be repeated at some future date.
Auto-correlation | -0.35 |
Poor reverse predictability
Al Aqar Healthcare has poor reverse predictability. Overlapping area represents the amount of predictability between Al Aqar time series from 27th of January 2025 to 11th of February 2025 and 11th of February 2025 to 26th of February 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 Al Aqar Healthcare price movement. The serial correlation of -0.35 indicates that nearly 35.0% of current Al Aqar price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.35 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Al Aqar Healthcare lagged returns against current returns
Autocorrelation, which is Al Aqar 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 Al Aqar's stock expected returns. We can calculate the autocorrelation of Al Aqar returns to help us make a trade decision. For example, suppose you find that Al Aqar 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 |
Al Aqar 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 Al Aqar stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Al Aqar stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Al Aqar stock over time.
Current vs Lagged Prices |
| Timeline |
Al Aqar Lagged Returns
When evaluating Al Aqar's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Al Aqar stock have on its future price. Al Aqar 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, Al Aqar autocorrelation shows the relationship between Al Aqar stock current value and its past values and can show if there is a momentum factor associated with investing in Al Aqar Healthcare.
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 5116 Stock
Al Aqar financial ratios help investors to determine whether 5116 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 5116 with respect to the benefits of owning Al Aqar security.