Southern Steel (Malaysia) Market Value
| 5665 Stock | 0.42 0.07 20.00% |
| Symbol | Southern |
Southern 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 Southern 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 Southern Steel.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Southern Steel on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Southern Steel Bhd or generate 0.0% return on investment in Southern Steel over 90 days. Southern Steel is related to or competes with Shangri La, RHB Bank, ECM Libra, Genetec Technology, PMB Technology, and Press Metal. More
Southern 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 Southern 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 Southern Steel Bhd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 15.21 | |||
| Value At Risk | (4.35) | |||
| Potential Upside | 3.85 |
Southern Steel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Southern Steel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Southern Steel's standard deviation. In reality, there are many statistical measures that can use Southern Steel historical prices to predict the future Southern Steel's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.35) | |||
| Total Risk Alpha | 0.159 | |||
| Treynor Ratio | 0.5968 |
Southern Steel Bhd Backtested Returns
Southern Steel Bhd owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0779, which indicates the firm had a -0.0779 % return per unit of risk over the last 3 months. Southern Steel Bhd exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Southern Steel's Variance of 13.35, risk adjusted performance of (0.06), and Coefficient Of Variation of (1,266) to confirm the risk estimate we provide. The entity has a beta of -0.5, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Southern Steel are expected to decrease at a much lower rate. During the bear market, Southern Steel is likely to outperform the market. At this point, Southern Steel Bhd has a negative expected return of -0.29%. Please make sure to validate Southern Steel's total risk alpha, maximum drawdown, skewness, as well as the relationship between the treynor ratio and potential upside , to decide if Southern Steel Bhd performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.11 |
Insignificant predictability
Southern Steel Bhd has insignificant predictability. Overlapping area represents the amount of predictability between Southern Steel time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 Southern Steel Bhd price movement. The serial correlation of 0.11 indicates that less than 11.0% of current Southern Steel price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.11 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Southern Steel Bhd lagged returns against current returns
Autocorrelation, which is Southern 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 Southern Steel's stock expected returns. We can calculate the autocorrelation of Southern Steel returns to help us make a trade decision. For example, suppose you find that Southern 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 |
Southern 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 Southern Steel stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Southern Steel stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Southern Steel stock over time.
Current vs Lagged Prices |
| Timeline |
Southern Steel Lagged Returns
When evaluating Southern Steel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Southern Steel stock have on its future price. Southern 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, Southern Steel autocorrelation shows the relationship between Southern Steel stock current value and its past values and can show if there is a momentum factor associated with investing in Southern 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 Southern Stock
Southern Steel financial ratios help investors to determine whether Southern 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 Southern with respect to the benefits of owning Southern Steel security.