Tex Cycle (Malaysia) Market Value
| 0089 Stock | 1.04 0.00 0.00% |
| Symbol | Tex |
Tex Cycle '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 Tex Cycle'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 Tex Cycle.
| 01/02/2025 |
| 02/01/2025 |
If you would invest 0.00 in Tex Cycle on January 2, 2025 and sell it all today you would earn a total of 0.00 from holding Tex Cycle Technology or generate 0.0% return on investment in Tex Cycle over 30 days. Tex Cycle is related to or competes with Press Metal, Kobay Tech, Dufu Tech, Choo Bee, Globetronics Tech, MI Technovation, and PIE Industrial. More
Tex Cycle 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 Tex Cycle'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 Tex Cycle Technology upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 10.65 | |||
| Value At Risk | (1.74) | |||
| Potential Upside | 2.83 |
Tex Cycle Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tex Cycle's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tex Cycle's standard deviation. In reality, there are many statistical measures that can use Tex Cycle historical prices to predict the future Tex Cycle's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | 0.5071 |
Tex Cycle Technology Backtested Returns
Tex Cycle Technology owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.024, which indicates the firm had a -0.024 % return per unit of risk over the last 3 months. Tex Cycle Technology exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tex Cycle's Variance of 2.06, risk adjusted performance of (0.02), and Coefficient Of Variation of (4,333) to confirm the risk estimate we provide. The entity has a beta of -0.085, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Tex Cycle are expected to decrease at a much lower rate. During the bear market, Tex Cycle is likely to outperform the market. At this point, Tex Cycle Technology has a negative expected return of -0.0358%. Please make sure to validate Tex Cycle's treynor ratio, skewness, and the relationship between the total risk alpha and potential upside , to decide if Tex Cycle Technology performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.31 |
Below average predictability
Tex Cycle Technology has below average predictability. Overlapping area represents the amount of predictability between Tex Cycle time series from 2nd of January 2025 to 17th of January 2025 and 17th of January 2025 to 1st of February 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 Tex Cycle Technology price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current Tex Cycle price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Tex Cycle Technology lagged returns against current returns
Autocorrelation, which is Tex Cycle 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 Tex Cycle's stock expected returns. We can calculate the autocorrelation of Tex Cycle returns to help us make a trade decision. For example, suppose you find that Tex Cycle 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 |
Tex Cycle 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 Tex Cycle stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tex Cycle stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tex Cycle stock over time.
Current vs Lagged Prices |
| Timeline |
Tex Cycle Lagged Returns
When evaluating Tex Cycle's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tex Cycle stock have on its future price. Tex Cycle 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, Tex Cycle autocorrelation shows the relationship between Tex Cycle stock current value and its past values and can show if there is a momentum factor associated with investing in Tex Cycle Technology.
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 Tex Stock
Tex Cycle financial ratios help investors to determine whether Tex 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 Tex with respect to the benefits of owning Tex Cycle security.