PESTECH International's market value is the price at which a share of PESTECH International trades on a public exchange. It measures the collective expectations of PESTECH International Bhd investors about its performance. PESTECH International is selling for 0.19 as of the 19th of January 2025. This is a 5.56 percent increase since the beginning of the trading day. The stock's lowest day price was 0.18. With this module, you can estimate the performance of a buy and hold strategy of PESTECH International Bhd and determine expected loss or profit from investing in PESTECH International over a given investment horizon. Check out PESTECH International Correlation, PESTECH International Volatility and PESTECH International Alpha and Beta module to complement your research on PESTECH International.
Please note, there is a significant difference between PESTECH International's value and its price as these two are different measures arrived at by different means. Investors typically determine if PESTECH International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PESTECH International's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
PESTECH International '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 PESTECH International'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 PESTECH International.
0.00
07/23/2024
No Change 0.00
0.0
In 5 months and 29 days
01/19/2025
0.00
If you would invest 0.00 in PESTECH International on July 23, 2024 and sell it all today you would earn a total of 0.00 from holding PESTECH International Bhd or generate 0.0% return on investment in PESTECH International over 180 days. PESTECH International is related to or competes with Kobay Tech, K One, Greatech Technology, Tex Cycle, and MClean Technologies. More
PESTECH International 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 PESTECH International'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 PESTECH International 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 PESTECH International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PESTECH International's standard deviation. In reality, there are many statistical measures that can use PESTECH International historical prices to predict the future PESTECH International's volatility.
PESTECH International appears to be out of control, given 3 months investment horizon. PESTECH International Bhd maintains Sharpe Ratio (i.e., Efficiency) of 0.12, which implies the firm had a 0.12% return per unit of standard deviation over the last 3 months. By inspecting PESTECH International's technical indicators, you can evaluate if the expected return of 0.6% is justified by implied risk. Please evaluate PESTECH International's Risk Adjusted Performance of 0.1079, market risk adjusted performance of (0.41), and Semi Deviation of 2.75 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, PESTECH International holds a performance score of 9. The company holds a Beta of -1.33, which implies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning PESTECH International are expected to decrease by larger amounts. On the other hand, during market turmoil, PESTECH International is expected to outperform it. Please check PESTECH International's standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether PESTECH International's historical price patterns will revert.
Auto-correlation
-0.62
Very good reverse predictability
PESTECH International Bhd has very good reverse predictability. Overlapping area represents the amount of predictability between PESTECH International time series from 23rd of July 2024 to 21st of October 2024 and 21st of October 2024 to 19th of January 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 PESTECH International Bhd price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current PESTECH International price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.62
Spearman Rank Test
-0.84
Residual Average
0.0
Price Variance
0.0
PESTECH International Bhd lagged returns against current returns
Autocorrelation, which is PESTECH International 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 PESTECH International's stock expected returns. We can calculate the autocorrelation of PESTECH International returns to help us make a trade decision. For example, suppose you find that PESTECH International 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
PESTECH International 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 PESTECH International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PESTECH International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PESTECH International stock over time.
Current vs Lagged Prices
Timeline
PESTECH International Lagged Returns
When evaluating PESTECH International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PESTECH International stock have on its future price. PESTECH International 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, PESTECH International autocorrelation shows the relationship between PESTECH International stock current value and its past values and can show if there is a momentum factor associated with investing in PESTECH International 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.
PESTECH International financial ratios help investors to determine whether PESTECH 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 PESTECH with respect to the benefits of owning PESTECH International security.