ES Ceramics (Malaysia) Market Value
| 0100 Stock | 0.14 0.01 6.67% |
| Symbol | 0100 |
ES Ceramics '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 ES Ceramics' 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 ES Ceramics.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in ES Ceramics on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding ES Ceramics Technology or generate 0.0% return on investment in ES Ceramics over 30 days. ES Ceramics is related to or competes with Star Media, IHH Healthcare, KPJ Healthcare, Nova Wellness, Computer Forms, Malaysia Steel, and Mycron Steel. More
ES Ceramics 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 ES Ceramics' 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 ES Ceramics Technology upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 20.0 | |||
| Value At Risk | (6.67) | |||
| Potential Upside | 7.14 |
ES Ceramics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ES Ceramics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ES Ceramics' standard deviation. In reality, there are many statistical measures that can use ES Ceramics historical prices to predict the future ES Ceramics' volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (0.83) | |||
| Treynor Ratio | 0.6397 |
ES Ceramics Technology Backtested Returns
ES Ceramics Technology retains Efficiency (Sharpe Ratio) of -0.0793, which denotes the company had a -0.0793% return per unit of price deviation over the last 3 months. ES Ceramics exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ES Ceramics' Standard Deviation of 3.93, information ratio of (0.11), and Market Risk Adjusted Performance of 0.6497 to check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of -0.49, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning ES Ceramics are expected to decrease at a much lower rate. During the bear market, ES Ceramics is likely to outperform the market. At this point, ES Ceramics Technology has a negative expected return of -0.32%. Please make sure to confirm ES Ceramics' coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if ES Ceramics Technology performance from the past will be repeated sooner or later.
Auto-correlation | -0.66 |
Very good reverse predictability
ES Ceramics Technology has very good reverse predictability. Overlapping area represents the amount of predictability between ES Ceramics time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 ES Ceramics Technology price movement. The serial correlation of -0.66 indicates that around 66.0% of current ES Ceramics price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.66 | |
| Spearman Rank Test | -0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
ES Ceramics Technology lagged returns against current returns
Autocorrelation, which is ES Ceramics 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 ES Ceramics' stock expected returns. We can calculate the autocorrelation of ES Ceramics returns to help us make a trade decision. For example, suppose you find that ES Ceramics 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 |
ES Ceramics 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 ES Ceramics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ES Ceramics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ES Ceramics stock over time.
Current vs Lagged Prices |
| Timeline |
ES Ceramics Lagged Returns
When evaluating ES Ceramics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ES Ceramics stock have on its future price. ES Ceramics 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, ES Ceramics autocorrelation shows the relationship between ES Ceramics stock current value and its past values and can show if there is a momentum factor associated with investing in ES Ceramics 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 0100 Stock
ES Ceramics financial ratios help investors to determine whether 0100 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 0100 with respect to the benefits of owning ES Ceramics security.