Choo Bee (Malaysia) Market Value
| 5797 Stock | 0.60 0.03 4.76% |
| Symbol | Choo |
Choo Bee '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 Choo Bee'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 Choo Bee.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Choo Bee on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Choo Bee Metal or generate 0.0% return on investment in Choo Bee over 90 days. Choo Bee is related to or competes with Diversified Gateway, MClean Technologies, Eversafe Rubber, Kossan Rubber, Radiant Globaltech, and Techbond Group. More
Choo Bee 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 Choo Bee'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 Choo Bee Metal upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 10.26 | |||
| Value At Risk | (2.90) | |||
| Potential Upside | 1.47 |
Choo Bee Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Choo Bee's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Choo Bee's standard deviation. In reality, there are many statistical measures that can use Choo Bee historical prices to predict the future Choo Bee's volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | (3.46) |
Choo Bee Metal Backtested Returns
Choo Bee Metal secures Sharpe Ratio (or Efficiency) of -0.16, which signifies that the company had a -0.16 % return per unit of risk over the last 3 months. Choo Bee Metal exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Choo Bee's Mean Deviation of 0.9085, risk adjusted performance of (0.15), and Standard Deviation of 1.52 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0793, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Choo Bee's returns are expected to increase less than the market. However, during the bear market, the loss of holding Choo Bee is expected to be smaller as well. At this point, Choo Bee Metal has a negative expected return of -0.24%. Please make sure to confirm Choo Bee's jensen alpha, treynor ratio, and the relationship between the information ratio and total risk alpha , to decide if Choo Bee Metal performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.41 |
Average predictability
Choo Bee Metal has average predictability. Overlapping area represents the amount of predictability between Choo Bee time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 Choo Bee Metal price movement. The serial correlation of 0.41 indicates that just about 41.0% of current Choo Bee price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | 0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Choo Bee Metal lagged returns against current returns
Autocorrelation, which is Choo Bee 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 Choo Bee's stock expected returns. We can calculate the autocorrelation of Choo Bee returns to help us make a trade decision. For example, suppose you find that Choo Bee 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 |
Choo Bee 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 Choo Bee stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Choo Bee stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Choo Bee stock over time.
Current vs Lagged Prices |
| Timeline |
Choo Bee Lagged Returns
When evaluating Choo Bee's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Choo Bee stock have on its future price. Choo Bee 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, Choo Bee autocorrelation shows the relationship between Choo Bee stock current value and its past values and can show if there is a momentum factor associated with investing in Choo Bee Metal.
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 Choo Stock
Choo Bee financial ratios help investors to determine whether Choo 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 Choo with respect to the benefits of owning Choo Bee security.