ViTrox Bhd (Malaysia) Market Value
| 0097 Stock | 3.88 0.05 1.27% |
| Symbol | ViTrox |
ViTrox 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 ViTrox 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 ViTrox Bhd.
| 09/03/2024 |
| 01/31/2025 |
If you would invest 0.00 in ViTrox Bhd on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding ViTrox Bhd or generate 0.0% return on investment in ViTrox Bhd over 150 days. ViTrox Bhd is related to or competes with Lotte Chemical, Oriental Food, Icon Offshore, CSC Steel, Awanbiru Technology, Binasat Communications, and Greatech Technology. More
ViTrox 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 ViTrox 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 ViTrox Bhd upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.51 | |||
| Information Ratio | 0.0424 | |||
| Maximum Drawdown | 13.69 | |||
| Value At Risk | (4.56) | |||
| Potential Upside | 4.99 |
ViTrox Bhd Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ViTrox Bhd's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ViTrox Bhd's standard deviation. In reality, there are many statistical measures that can use ViTrox Bhd historical prices to predict the future ViTrox Bhd's volatility.| Risk Adjusted Performance | 0.0735 | |||
| Jensen Alpha | 0.1392 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.045 | |||
| Treynor Ratio | 0.2859 |
ViTrox Bhd Backtested Returns
ViTrox Bhd appears to be moderately volatile, given 3 months investment horizon. ViTrox Bhd owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.12, which indicates the firm had a 0.12 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for ViTrox Bhd, which you can use to evaluate the volatility of the company. Please review ViTrox Bhd's Risk Adjusted Performance of 0.0735, coefficient of variation of 1253.78, and Semi Deviation of 2.24 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, ViTrox Bhd holds a performance score of 9. The entity has a beta of 0.71, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, ViTrox Bhd's returns are expected to increase less than the market. However, during the bear market, the loss of holding ViTrox Bhd is expected to be smaller as well. Please check ViTrox Bhd's standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether ViTrox Bhd's existing price patterns will revert.
Auto-correlation | 0.41 |
Average predictability
ViTrox Bhd has average predictability. Overlapping area represents the amount of predictability between ViTrox Bhd time series from 3rd of September 2024 to 17th of November 2024 and 17th of November 2024 to 31st of January 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 ViTrox Bhd price movement. The serial correlation of 0.41 indicates that just about 41.0% of current ViTrox Bhd price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
ViTrox Bhd lagged returns against current returns
Autocorrelation, which is ViTrox 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 ViTrox Bhd's stock expected returns. We can calculate the autocorrelation of ViTrox Bhd returns to help us make a trade decision. For example, suppose you find that ViTrox 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 |
ViTrox 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 ViTrox Bhd stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ViTrox Bhd stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ViTrox Bhd stock over time.
Current vs Lagged Prices |
| Timeline |
ViTrox Bhd Lagged Returns
When evaluating ViTrox Bhd's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ViTrox Bhd stock have on its future price. ViTrox 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, ViTrox Bhd autocorrelation shows the relationship between ViTrox Bhd stock current value and its past values and can show if there is a momentum factor associated with investing in ViTrox 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 ViTrox Stock
ViTrox Bhd financial ratios help investors to determine whether ViTrox 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 ViTrox with respect to the benefits of owning ViTrox Bhd security.