Advance Information (Malaysia) Market Value
| 0122 Stock | 0.07 0.01 7.14% |
| Symbol | Advance |
Advance Information '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 Advance Information'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 Advance Information.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Advance Information on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Advance Information Marketing or generate 0.0% return on investment in Advance Information over 30 days. Advance Information is related to or competes with Media Prima, and Star Media. More
Advance Information 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 Advance Information'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 Advance Information Marketing upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.82 | |||
| Information Ratio | 0.0441 | |||
| Maximum Drawdown | 25.0 | |||
| Value At Risk | (7.14) | |||
| Potential Upside | 7.69 |
Advance Information Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Advance Information's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Advance Information's standard deviation. In reality, there are many statistical measures that can use Advance Information historical prices to predict the future Advance Information's volatility.| Risk Adjusted Performance | 0.0592 | |||
| Jensen Alpha | 0.3262 | |||
| Total Risk Alpha | (0.49) | |||
| Sortino Ratio | 0.0322 | |||
| Treynor Ratio | 1.03 |
Advance Information Backtested Returns
Advance Information appears to be out of control, given 3 months investment horizon. Advance Information secures Sharpe Ratio (or Efficiency) of 0.0476, which signifies that the company had a 0.0476% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Advance Information Marketing, which you can use to evaluate the volatility of the firm. Please makes use of Advance Information's Risk Adjusted Performance of 0.0592, downside deviation of 7.82, and Mean Deviation of 4.12 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Advance Information holds a performance score of 3. The firm shows a Beta (market volatility) of 0.36, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Advance Information's returns are expected to increase less than the market. However, during the bear market, the loss of holding Advance Information is expected to be smaller as well. Please check Advance Information's information ratio, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Advance Information's price patterns will revert.
Auto-correlation | -0.31 |
Poor reverse predictability
Advance Information Marketing has poor reverse predictability. Overlapping area represents the amount of predictability between Advance Information time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 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 Advance Information price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current Advance Information price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Advance Information lagged returns against current returns
Autocorrelation, which is Advance Information 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 Advance Information's stock expected returns. We can calculate the autocorrelation of Advance Information returns to help us make a trade decision. For example, suppose you find that Advance Information 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 |
Advance Information 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 Advance Information stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Advance Information stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Advance Information stock over time.
Current vs Lagged Prices |
| Timeline |
Advance Information Lagged Returns
When evaluating Advance Information's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Advance Information stock have on its future price. Advance Information 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, Advance Information autocorrelation shows the relationship between Advance Information stock current value and its past values and can show if there is a momentum factor associated with investing in Advance Information Marketing.
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 Advance Stock
Advance Information financial ratios help investors to determine whether Advance 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 Advance with respect to the benefits of owning Advance Information security.