Resintech Bhd (Malaysia) Market Value
| 7232 Stock | 0.59 0.01 1.72% |
| Symbol | Resintech |
Resintech 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 Resintech 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 Resintech Bhd.
| 12/19/2024 |
| 03/19/2025 |
If you would invest 0.00 in Resintech Bhd on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding Resintech Bhd or generate 0.0% return on investment in Resintech Bhd over 90 days. Resintech Bhd is related to or competes with Choo Bee, Greatech Technology, Coraza Integrated, PMB Technology, Kossan Rubber, and Press Metal. More
Resintech 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 Resintech 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 Resintech Bhd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 11.88 | |||
| Value At Risk | (3.33) | |||
| Potential Upside | 2.86 |
Resintech Bhd Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Resintech Bhd's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Resintech Bhd's standard deviation. In reality, there are many statistical measures that can use Resintech Bhd historical prices to predict the future Resintech Bhd's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.01) | |||
| Treynor Ratio | (0.52) |
Resintech Bhd Backtested Returns
Resintech Bhd maintains Sharpe Ratio (i.e., Efficiency) of -0.16, which implies the firm had a -0.16 % return per unit of risk over the last 3 months. Resintech Bhd exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Resintech Bhd's Risk Adjusted Performance of (0.08), variance of 3.67, and Coefficient Of Variation of (974.29) to confirm the risk estimate we provide. The company holds a Beta of 0.4, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Resintech Bhd's returns are expected to increase less than the market. However, during the bear market, the loss of holding Resintech Bhd is expected to be smaller as well. At this point, Resintech Bhd has a negative expected return of -0.3%. Please make sure to check Resintech Bhd's total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Resintech Bhd performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.42 |
Average predictability
Resintech Bhd has average predictability. Overlapping area represents the amount of predictability between Resintech Bhd time series from 19th of December 2024 to 2nd of February 2025 and 2nd of February 2025 to 19th 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 Resintech Bhd price movement. The serial correlation of 0.42 indicates that just about 42.0% of current Resintech Bhd price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Resintech Bhd lagged returns against current returns
Autocorrelation, which is Resintech 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 Resintech Bhd's stock expected returns. We can calculate the autocorrelation of Resintech Bhd returns to help us make a trade decision. For example, suppose you find that Resintech 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 |
Resintech 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 Resintech Bhd stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Resintech Bhd stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Resintech Bhd stock over time.
Current vs Lagged Prices |
| Timeline |
Resintech Bhd Lagged Returns
When evaluating Resintech Bhd's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Resintech Bhd stock have on its future price. Resintech 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, Resintech Bhd autocorrelation shows the relationship between Resintech Bhd stock current value and its past values and can show if there is a momentum factor associated with investing in Resintech 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 Resintech Stock
Resintech Bhd financial ratios help investors to determine whether Resintech 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 Resintech with respect to the benefits of owning Resintech Bhd security.