PIE Industrial (Malaysia) Market Value
| 7095 Stock | 3.63 0.08 2.25% |
| Symbol | PIE |
PIE Industrial '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 PIE Industrial'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 PIE Industrial.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in PIE Industrial on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding PIE Industrial Bhd or generate 0.0% return on investment in PIE Industrial over 90 days. PIE Industrial is related to or competes with Kossan Rubber, Alliance Financial, Nova Wellness, Senheng New, MClean Technologies, YTL Hospitality, and Carlsberg Brewery. More
PIE Industrial 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 PIE Industrial'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 PIE Industrial Bhd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 13.84 | |||
| Value At Risk | (6.25) | |||
| Potential Upside | 3.79 |
PIE Industrial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PIE Industrial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PIE Industrial's standard deviation. In reality, there are many statistical measures that can use PIE Industrial historical prices to predict the future PIE Industrial's volatility.| Risk Adjusted Performance | (0.21) | |||
| Jensen Alpha | (0.83) | |||
| Total Risk Alpha | (0.40) | |||
| Treynor Ratio | 3.64 |
PIE Industrial Bhd Backtested Returns
PIE Industrial Bhd maintains Sharpe Ratio (i.e., Efficiency) of -0.24, which implies the firm had a -0.24 % return per unit of risk over the last 3 months. PIE Industrial Bhd exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check PIE Industrial's Risk Adjusted Performance of (0.21), mean deviation of 2.32, and Coefficient Of Variation of (407.75) to confirm the risk estimate we provide. The company holds a Beta of -0.22, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning PIE Industrial are expected to decrease at a much lower rate. During the bear market, PIE Industrial is likely to outperform the market. At this point, PIE Industrial Bhd has a negative expected return of -0.82%. Please make sure to check PIE Industrial's market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to decide if PIE Industrial Bhd performance from the past will be repeated in the future.
Auto-correlation | 0.79 |
Good predictability
PIE Industrial Bhd has good predictability. Overlapping area represents the amount of predictability between PIE Industrial 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 PIE Industrial Bhd price movement. The serial correlation of 0.79 indicates that around 79.0% of current PIE Industrial price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.79 | |
| Spearman Rank Test | 0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 0.46 |
PIE Industrial Bhd lagged returns against current returns
Autocorrelation, which is PIE Industrial 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 PIE Industrial's stock expected returns. We can calculate the autocorrelation of PIE Industrial returns to help us make a trade decision. For example, suppose you find that PIE Industrial 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 |
PIE Industrial 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 PIE Industrial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PIE Industrial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PIE Industrial stock over time.
Current vs Lagged Prices |
| Timeline |
PIE Industrial Lagged Returns
When evaluating PIE Industrial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PIE Industrial stock have on its future price. PIE Industrial 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, PIE Industrial autocorrelation shows the relationship between PIE Industrial stock current value and its past values and can show if there is a momentum factor associated with investing in PIE Industrial 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 PIE Stock
PIE Industrial financial ratios help investors to determine whether PIE 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 PIE with respect to the benefits of owning PIE Industrial security.