Minetech Resources (Malaysia) Market Value
| 7219 Stock | 0.11 0.01 10.00% |
| Symbol | Minetech |
Minetech Resources '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 Minetech Resources' 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 Minetech Resources.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Minetech Resources on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Minetech Resources Bhd or generate 0.0% return on investment in Minetech Resources over 90 days. Minetech Resources is related to or competes with CB Industrial, CSC Steel, Malaysia Steel, Southern Steel, Sapura Industrial, Melewar Industrial, and Lotte Chemical. More
Minetech Resources 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 Minetech Resources' 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 Minetech Resources Bhd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 25.0 | |||
| Value At Risk | (9.09) | |||
| Potential Upside | 10.0 |
Minetech Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Minetech Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Minetech Resources' standard deviation. In reality, there are many statistical measures that can use Minetech Resources historical prices to predict the future Minetech Resources' volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | 0.5122 | |||
| Treynor Ratio | (0.16) |
Minetech Resources Bhd Backtested Returns
Minetech Resources Bhd has Sharpe Ratio of -0.0168, which conveys that the firm had a -0.0168 % return per unit of risk over the last 3 months. Minetech Resources exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Minetech Resources' Standard Deviation of 5.76, risk adjusted performance of (0.02), and Mean Deviation of 3.38 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 1.34, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Minetech Resources will likely underperform. At this point, Minetech Resources Bhd has a negative expected return of -0.1%. Please make sure to verify Minetech Resources' total risk alpha, maximum drawdown, and the relationship between the jensen alpha and treynor ratio , to decide if Minetech Resources Bhd performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.21 |
Weak predictability
Minetech Resources Bhd has weak predictability. Overlapping area represents the amount of predictability between Minetech Resources time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 Minetech Resources Bhd price movement. The serial correlation of 0.21 indicates that over 21.0% of current Minetech Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Minetech Resources Bhd lagged returns against current returns
Autocorrelation, which is Minetech Resources 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 Minetech Resources' stock expected returns. We can calculate the autocorrelation of Minetech Resources returns to help us make a trade decision. For example, suppose you find that Minetech Resources 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 |
Minetech Resources 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 Minetech Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Minetech Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Minetech Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Minetech Resources Lagged Returns
When evaluating Minetech Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Minetech Resources stock have on its future price. Minetech Resources 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, Minetech Resources autocorrelation shows the relationship between Minetech Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Minetech Resources 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 Minetech Stock
Minetech Resources financial ratios help investors to determine whether Minetech 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 Minetech with respect to the benefits of owning Minetech Resources security.