Magni Tech (Malaysia) Market Value
| 7087 Stock | 2.70 0.01 0.37% |
| Symbol | Magni |
Magni Tech '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 Magni Tech'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 Magni Tech.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Magni Tech on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Magni Tech Industries or generate 0.0% return on investment in Magni Tech over 720 days. Magni Tech is related to or competes with ES Ceramics, Minetech Resources, Sunzen Biotech, ViTrox Bhd, Impiana Hotels, and Icon Offshore. More
Magni Tech 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 Magni Tech'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 Magni Tech Industries upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.08 | |||
| Information Ratio | 0.0889 | |||
| Maximum Drawdown | 15.58 | |||
| Value At Risk | (1.22) | |||
| Potential Upside | 1.98 |
Magni Tech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Magni Tech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Magni Tech's standard deviation. In reality, there are many statistical measures that can use Magni Tech historical prices to predict the future Magni Tech's volatility.| Risk Adjusted Performance | 0.1318 | |||
| Jensen Alpha | 0.2734 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.1486 | |||
| Treynor Ratio | 2.41 |
Magni Tech Industries Backtested Returns
Magni Tech appears to be slightly risky, given 3 months investment horizon. Magni Tech Industries has Sharpe Ratio of 0.16, which conveys that the firm had a 0.16% return per unit of risk over the last 3 months. We have found thirty technical indicators for Magni Tech, which you can use to evaluate the volatility of the firm. Please exercise Magni Tech's Downside Deviation of 1.08, risk adjusted performance of 0.1318, and Mean Deviation of 0.9407 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Magni Tech holds a performance score of 12. The company secures a Beta (Market Risk) of 0.12, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Magni Tech's returns are expected to increase less than the market. However, during the bear market, the loss of holding Magni Tech is expected to be smaller as well. Please check Magni Tech's downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Magni Tech's current price movements will revert.
Auto-correlation | 0.80 |
Very good predictability
Magni Tech Industries has very good predictability. Overlapping area represents the amount of predictability between Magni Tech time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 Magni Tech Industries price movement. The serial correlation of 0.8 indicates that around 80.0% of current Magni Tech price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Magni Tech Industries lagged returns against current returns
Autocorrelation, which is Magni Tech 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 Magni Tech's stock expected returns. We can calculate the autocorrelation of Magni Tech returns to help us make a trade decision. For example, suppose you find that Magni Tech 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 |
Magni Tech 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 Magni Tech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Magni Tech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Magni Tech stock over time.
Current vs Lagged Prices |
| Timeline |
Magni Tech Lagged Returns
When evaluating Magni Tech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Magni Tech stock have on its future price. Magni Tech 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, Magni Tech autocorrelation shows the relationship between Magni Tech stock current value and its past values and can show if there is a momentum factor associated with investing in Magni Tech Industries.
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 Magni Stock
Magni Tech financial ratios help investors to determine whether Magni 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 Magni with respect to the benefits of owning Magni Tech security.