Supercomnet Technologies (Malaysia) Market Value
| 0001 Stock | 1.22 0.02 1.67% |
| Symbol | Supercomnet |
Supercomnet Technologies '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 Supercomnet Technologies' 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 Supercomnet Technologies.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Supercomnet Technologies on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Supercomnet Technologies Bhd or generate 0.0% return on investment in Supercomnet Technologies over 30 days. Supercomnet Technologies is related to or competes with Genetec Technology, and PIE Industrial. More
Supercomnet Technologies 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 Supercomnet Technologies' 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 Supercomnet Technologies Bhd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 9.8 | |||
| Value At Risk | (3.12) | |||
| Potential Upside | 2.27 |
Supercomnet Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Supercomnet Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Supercomnet Technologies' standard deviation. In reality, there are many statistical measures that can use Supercomnet Technologies historical prices to predict the future Supercomnet Technologies' volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.32) | |||
| Treynor Ratio | 0.6123 |
Supercomnet Technologies Backtested Returns
As of now, Supercomnet Stock is risky. Supercomnet Technologies owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0077, which indicates the firm had a 0.0077% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Supercomnet Technologies Bhd, which you can use to evaluate the volatility of the company. Please validate Supercomnet Technologies' Coefficient Of Variation of (2,647), variance of 2.54, and Risk Adjusted Performance of (0.02) to confirm if the risk estimate we provide is consistent with the expected return of 0.0121%. The entity has a beta of -0.11, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Supercomnet Technologies are expected to decrease at a much lower rate. During the bear market, Supercomnet Technologies is likely to outperform the market. Supercomnet Technologies right now has a risk of 1.56%. Please validate Supercomnet Technologies standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Supercomnet Technologies will be following its existing price patterns.
Auto-correlation | 0.29 |
Poor predictability
Supercomnet Technologies Bhd has poor predictability. Overlapping area represents the amount of predictability between Supercomnet Technologies time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Supercomnet Technologies price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current Supercomnet Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Supercomnet Technologies lagged returns against current returns
Autocorrelation, which is Supercomnet Technologies 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 Supercomnet Technologies' stock expected returns. We can calculate the autocorrelation of Supercomnet Technologies returns to help us make a trade decision. For example, suppose you find that Supercomnet Technologies 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 |
Supercomnet Technologies 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 Supercomnet Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Supercomnet Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Supercomnet Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Supercomnet Technologies Lagged Returns
When evaluating Supercomnet Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Supercomnet Technologies stock have on its future price. Supercomnet Technologies 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, Supercomnet Technologies autocorrelation shows the relationship between Supercomnet Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Supercomnet Technologies 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 Supercomnet Stock
Supercomnet Technologies financial ratios help investors to determine whether Supercomnet 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 Supercomnet with respect to the benefits of owning Supercomnet Technologies security.