Supermax Bhd (Malaysia) Market Value
| 7106 Stock | 0.76 0.03 3.80% |
| Symbol | Supermax |
Supermax Bhd '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 Supermax Bhd'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 Supermax Bhd.
| 03/12/2023 |
| 03/01/2025 |
If you would invest 0.00 in Supermax Bhd on March 12, 2023 and sell it all today you would earn a total of 0.00 from holding Supermax Bhd or generate 0.0% return on investment in Supermax Bhd over 720 days. Supermax Bhd is related to or competes with Choo Bee, Sports Toto, Binasat Communications, Mycron Steel, Southern Steel, Petronas Chemicals, and British American. More
Supermax Bhd 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 Supermax Bhd'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 Supermax Bhd upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.74 | |||
| Information Ratio | 0.0502 | |||
| Maximum Drawdown | 22.65 | |||
| Value At Risk | (5.38) | |||
| Potential Upside | 7.32 |
Supermax Bhd Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Supermax Bhd's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Supermax Bhd's standard deviation. In reality, there are many statistical measures that can use Supermax Bhd historical prices to predict the future Supermax Bhd's volatility.| Risk Adjusted Performance | 0.0429 | |||
| Jensen Alpha | 0.1767 | |||
| Total Risk Alpha | 0.319 | |||
| Sortino Ratio | 0.0564 | |||
| Treynor Ratio | (0.39) |
Supermax Bhd Backtested Returns
Supermax Bhd appears to be abnormally volatile, given 3 months investment horizon. Supermax Bhd owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0471, which indicates the firm had a 0.0471 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Supermax Bhd, which you can use to evaluate the volatility of the company. Please review Supermax Bhd's Risk Adjusted Performance of 0.0429, semi deviation of 3.13, and Coefficient Of Variation of 2122.82 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Supermax Bhd holds a performance score of 3. The entity has a beta of -0.49, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Supermax Bhd are expected to decrease at a much lower rate. During the bear market, Supermax Bhd is likely to outperform the market. Please check Supermax Bhd's coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the standard deviation and total risk alpha , to make a quick decision on whether Supermax Bhd's existing price patterns will revert.
Auto-correlation | 0.51 |
Modest predictability
Supermax Bhd has modest predictability. Overlapping area represents the amount of predictability between Supermax Bhd time series from 12th of March 2023 to 6th of March 2024 and 6th of March 2024 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 Supermax Bhd price movement. The serial correlation of 0.51 indicates that about 51.0% of current Supermax Bhd price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Supermax Bhd lagged returns against current returns
Autocorrelation, which is Supermax Bhd 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 Supermax Bhd's stock expected returns. We can calculate the autocorrelation of Supermax Bhd returns to help us make a trade decision. For example, suppose you find that Supermax Bhd 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 |
Supermax Bhd 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 Supermax Bhd stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Supermax Bhd stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Supermax Bhd stock over time.
Current vs Lagged Prices |
| Timeline |
Supermax Bhd Lagged Returns
When evaluating Supermax Bhd's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Supermax Bhd stock have on its future price. Supermax Bhd 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, Supermax Bhd autocorrelation shows the relationship between Supermax Bhd stock current value and its past values and can show if there is a momentum factor associated with investing in Supermax 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 Supermax Stock
Supermax Bhd financial ratios help investors to determine whether Supermax 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 Supermax with respect to the benefits of owning Supermax Bhd security.