KPJ Healthcare (Malaysia) Market Value
| 5878 Stock | 2.37 0.12 4.82% |
| Symbol | KPJ |
KPJ Healthcare '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 KPJ Healthcare'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 KPJ Healthcare.
| 12/01/2024 |
| 03/01/2025 |
If you would invest 0.00 in KPJ Healthcare on December 1, 2024 and sell it all today you would earn a total of 0.00 from holding KPJ Healthcare Bhd or generate 0.0% return on investment in KPJ Healthcare over 90 days. KPJ Healthcare is related to or competes with Uchi Technologies, Sapura Industrial, Oriental Food, and Aurelius Technologies. More
KPJ Healthcare 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 KPJ Healthcare'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 KPJ Healthcare Bhd upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.9 | |||
| Information Ratio | 0.0439 | |||
| Maximum Drawdown | 12.22 | |||
| Value At Risk | (3.63) | |||
| Potential Upside | 3.08 |
KPJ Healthcare Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for KPJ Healthcare's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as KPJ Healthcare's standard deviation. In reality, there are many statistical measures that can use KPJ Healthcare historical prices to predict the future KPJ Healthcare's volatility.| Risk Adjusted Performance | 0.0345 | |||
| Jensen Alpha | 0.0671 | |||
| Total Risk Alpha | 0.1403 | |||
| Sortino Ratio | 0.0329 | |||
| Treynor Ratio | (0.32) |
KPJ Healthcare Bhd Backtested Returns
KPJ Healthcare Bhd has Sharpe Ratio of close to zero, which conveys that the firm had a close to zero % return per unit of risk over the last 3 months. KPJ Healthcare exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify KPJ Healthcare's risk adjusted performance of 0.0345, and Mean Deviation of 1.47 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.23, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning KPJ Healthcare are expected to decrease at a much lower rate. During the bear market, KPJ Healthcare is likely to outperform the market. At this point, KPJ Healthcare Bhd has a negative expected return of -0.0177%. Please make sure to verify KPJ Healthcare's downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to decide if KPJ Healthcare Bhd performance from the past will be repeated at future time.
Auto-correlation | -0.43 |
Modest reverse predictability
KPJ Healthcare Bhd has modest reverse predictability. Overlapping area represents the amount of predictability between KPJ Healthcare time series from 1st of December 2024 to 15th of January 2025 and 15th of January 2025 to 1st 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 KPJ Healthcare Bhd price movement. The serial correlation of -0.43 indicates that just about 43.0% of current KPJ Healthcare price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.43 | |
| Spearman Rank Test | -0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
KPJ Healthcare Bhd lagged returns against current returns
Autocorrelation, which is KPJ Healthcare 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 KPJ Healthcare's stock expected returns. We can calculate the autocorrelation of KPJ Healthcare returns to help us make a trade decision. For example, suppose you find that KPJ Healthcare 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 |
KPJ Healthcare 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 KPJ Healthcare stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if KPJ Healthcare stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in KPJ Healthcare stock over time.
Current vs Lagged Prices |
| Timeline |
KPJ Healthcare Lagged Returns
When evaluating KPJ Healthcare's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of KPJ Healthcare stock have on its future price. KPJ Healthcare 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, KPJ Healthcare autocorrelation shows the relationship between KPJ Healthcare stock current value and its past values and can show if there is a momentum factor associated with investing in KPJ Healthcare 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 KPJ Stock
KPJ Healthcare financial ratios help investors to determine whether KPJ 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 KPJ with respect to the benefits of owning KPJ Healthcare security.