Axiata Group (Malaysia) Market Value
| 6888 Stock | 2.38 0.01 0.42% |
| Symbol | Axiata |
Axiata Group '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 Axiata Group'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 Axiata Group.
| 01/12/2022 |
| 12/27/2024 |
If you would invest 0.00 in Axiata Group on January 12, 2022 and sell it all today you would earn a total of 0.00 from holding Axiata Group Bhd or generate 0.0% return on investment in Axiata Group over 1080 days. Axiata Group is related to or competes with TIME Dotcom, Binasat Communications, Scientex Bhd, Genetec Technology, and Hartalega Holdings. More
Axiata Group 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 Axiata Group'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 Axiata Group Bhd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 5.44 | |||
| Value At Risk | (2.16) | |||
| Potential Upside | 2.14 |
Axiata Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Axiata Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Axiata Group's standard deviation. In reality, there are many statistical measures that can use Axiata Group historical prices to predict the future Axiata Group's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | (0.22) |
Axiata Group Bhd Backtested Returns
Axiata Group Bhd secures Sharpe Ratio (or Efficiency) of -0.042, which signifies that the company had a -0.042% return per unit of risk over the last 3 months. Axiata Group Bhd exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Axiata Group's Standard Deviation of 1.27, risk adjusted performance of (0.01), and Mean Deviation of 0.9689 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.18, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Axiata Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Axiata Group is expected to be smaller as well. At this point, Axiata Group Bhd has a negative expected return of -0.0515%. Please make sure to confirm Axiata Group's standard deviation, jensen alpha, and the relationship between the coefficient of variation and information ratio , to decide if Axiata Group Bhd performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.58 |
Good reverse predictability
Axiata Group Bhd has good reverse predictability. Overlapping area represents the amount of predictability between Axiata Group time series from 12th of January 2022 to 6th of July 2023 and 6th of July 2023 to 27th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Axiata Group Bhd price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current Axiata Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.58 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Axiata Group Bhd lagged returns against current returns
Autocorrelation, which is Axiata Group 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 Axiata Group's stock expected returns. We can calculate the autocorrelation of Axiata Group returns to help us make a trade decision. For example, suppose you find that Axiata Group 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 |
Axiata Group 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 Axiata Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Axiata Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Axiata Group stock over time.
Current vs Lagged Prices |
| Timeline |
Axiata Group Lagged Returns
When evaluating Axiata Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Axiata Group stock have on its future price. Axiata Group 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, Axiata Group autocorrelation shows the relationship between Axiata Group stock current value and its past values and can show if there is a momentum factor associated with investing in Axiata Group 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 Axiata Stock
Axiata Group financial ratios help investors to determine whether Axiata 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 Axiata with respect to the benefits of owning Axiata Group security.