Techfast Holdings (Malaysia) Market Value
| 0084 Stock | 0.06 0.01 8.33% |
| Symbol | Techfast |
Techfast Holdings '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 Techfast Holdings' 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 Techfast Holdings.
| 01/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in Techfast Holdings on January 9, 2023 and sell it all today you would earn a total of 0.00 from holding Techfast Holdings Bhd or generate 0.0% return on investment in Techfast Holdings over 690 days. Techfast Holdings is related to or competes with Hengyuan Refining, Minetech Resources, Sunzen Biotech, Impiana Hotels, and AMMB Holdings. More
Techfast Holdings 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 Techfast Holdings' 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 Techfast Holdings Bhd upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.1 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 24.36 | |||
| Value At Risk | (8.33) | |||
| Potential Upside | 9.09 |
Techfast Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Techfast Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Techfast Holdings' standard deviation. In reality, there are many statistical measures that can use Techfast Holdings historical prices to predict the future Techfast Holdings' volatility.| Risk Adjusted Performance | 0.0103 | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.82) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0013 |
Techfast Holdings Bhd Backtested Returns
As of now, Techfast Stock is out of control. Techfast Holdings Bhd owns Efficiency Ratio (i.e., Sharpe Ratio) of 5.0E-4, which indicates the firm had a 5.0E-4% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Techfast Holdings Bhd, which you can use to evaluate the volatility of the company. Please validate Techfast Holdings' Coefficient Of Variation of 44468.73, risk adjusted performance of 0.0103, and Semi Deviation of 4.01 to confirm if the risk estimate we provide is consistent with the expected return of 0.0027%. The entity has a beta of 1.74, which indicates 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, Techfast Holdings will likely underperform. Techfast Holdings Bhd right now has a risk of 5.43%. Please validate Techfast Holdings downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to decide if Techfast Holdings will be following its existing price patterns.
Auto-correlation | 0.51 |
Modest predictability
Techfast Holdings Bhd has modest predictability. Overlapping area represents the amount of predictability between Techfast Holdings time series from 9th of January 2023 to 20th of December 2023 and 20th of December 2023 to 29th 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 Techfast Holdings Bhd price movement. The serial correlation of 0.51 indicates that about 51.0% of current Techfast Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | 0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Techfast Holdings Bhd lagged returns against current returns
Autocorrelation, which is Techfast Holdings 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 Techfast Holdings' stock expected returns. We can calculate the autocorrelation of Techfast Holdings returns to help us make a trade decision. For example, suppose you find that Techfast Holdings 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 |
Techfast Holdings 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 Techfast Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Techfast Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Techfast Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
Techfast Holdings Lagged Returns
When evaluating Techfast Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Techfast Holdings stock have on its future price. Techfast Holdings 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, Techfast Holdings autocorrelation shows the relationship between Techfast Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in Techfast Holdings Bhd.
Regressed Prices |
| Timeline |
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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 Techfast Stock
Techfast Holdings financial ratios help investors to determine whether Techfast 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 Techfast with respect to the benefits of owning Techfast Holdings security.