Rubberex M (Malaysia) Market Value
| 7803 Stock | 0.14 0.01 6.67% |
| Symbol | Rubberex |
Rubberex M '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 Rubberex M'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 Rubberex M.
| 12/18/2024 |
| 03/18/2025 |
If you would invest 0.00 in Rubberex M on December 18, 2024 and sell it all today you would earn a total of 0.00 from holding Rubberex M or generate 0.0% return on investment in Rubberex M over 90 days. Rubberex M is related to or competes with Binasat Communications, Kossan Rubber, Impiana Hotels, Leader Steel, British American, Petronas Chemicals, and Star Media. More
Rubberex M 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 Rubberex M'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 Rubberex M upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 18.38 | |||
| Value At Risk | (5.56) | |||
| Potential Upside | 5.88 |
Rubberex M Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rubberex M's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rubberex M's standard deviation. In reality, there are many statistical measures that can use Rubberex M historical prices to predict the future Rubberex M's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.33) | |||
| Total Risk Alpha | 0.1302 | |||
| Treynor Ratio | 1.26 |
Rubberex M Backtested Returns
Rubberex M maintains Sharpe Ratio (i.e., Efficiency) of -0.13, which implies the firm had a -0.13 % return per unit of risk over the last 3 months. Rubberex M exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Rubberex M's Coefficient Of Variation of (1,176), risk adjusted performance of (0.07), and Variance of 12.17 to confirm the risk estimate we provide. The company holds a Beta of -0.24, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Rubberex M are expected to decrease at a much lower rate. During the bear market, Rubberex M is likely to outperform the market. At this point, Rubberex M has a negative expected return of -0.45%. Please make sure to check Rubberex M's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Rubberex M performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.58 |
Modest predictability
Rubberex M has modest predictability. Overlapping area represents the amount of predictability between Rubberex M time series from 18th of December 2024 to 1st of February 2025 and 1st of February 2025 to 18th 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 Rubberex M price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current Rubberex M price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Rubberex M lagged returns against current returns
Autocorrelation, which is Rubberex M 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 Rubberex M's stock expected returns. We can calculate the autocorrelation of Rubberex M returns to help us make a trade decision. For example, suppose you find that Rubberex M 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 |
Rubberex M 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 Rubberex M stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rubberex M stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rubberex M stock over time.
Current vs Lagged Prices |
| Timeline |
Rubberex M Lagged Returns
When evaluating Rubberex M's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rubberex M stock have on its future price. Rubberex M 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, Rubberex M autocorrelation shows the relationship between Rubberex M stock current value and its past values and can show if there is a momentum factor associated with investing in Rubberex M.
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 Rubberex Stock
Rubberex M financial ratios help investors to determine whether Rubberex 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 Rubberex with respect to the benefits of owning Rubberex M security.