TechnoDex Bhd (Malaysia) Market Value
| 0132 Stock | 0.07 0.01 8.33% |
| Symbol | TechnoDex |
TechnoDex 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 TechnoDex 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 TechnoDex Bhd.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in TechnoDex Bhd on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding TechnoDex Bhd or generate 0.0% return on investment in TechnoDex Bhd over 30 days. TechnoDex Bhd is related to or competes with Coraza Integrated, ES Ceramics, Minetech Resources, Riverview Rubber, PMB Technology, MI Technovation, and JF Technology. More
TechnoDex 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 TechnoDex 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 TechnoDex Bhd upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 10.18 | |||
| Information Ratio | 0.0543 | |||
| Maximum Drawdown | 28.18 | |||
| Value At Risk | (9.09) | |||
| Potential Upside | 10.0 |
TechnoDex Bhd Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TechnoDex Bhd's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TechnoDex Bhd's standard deviation. In reality, there are many statistical measures that can use TechnoDex Bhd historical prices to predict the future TechnoDex Bhd's volatility.| Risk Adjusted Performance | 0.0666 | |||
| Jensen Alpha | 0.3532 | |||
| Total Risk Alpha | (0.52) | |||
| Sortino Ratio | 0.0331 | |||
| Treynor Ratio | 0.5285 |
TechnoDex Bhd Backtested Returns
TechnoDex Bhd appears to be out of control, given 3 months investment horizon. TechnoDex Bhd owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0533, which indicates the firm had a 0.0533% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for TechnoDex Bhd, which you can use to evaluate the volatility of the company. Please review TechnoDex Bhd's Coefficient Of Variation of 1325.86, semi deviation of 4.72, and Risk Adjusted Performance of 0.0666 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, TechnoDex Bhd holds a performance score of 4. The entity has a beta of 0.87, which indicates possible diversification benefits within a given portfolio. TechnoDex Bhd returns are very sensitive to returns on the market. As the market goes up or down, TechnoDex Bhd is expected to follow. Please check TechnoDex Bhd's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether TechnoDex Bhd's existing price patterns will revert.
Auto-correlation | 0.19 |
Very weak predictability
TechnoDex Bhd has very weak predictability. Overlapping area represents the amount of predictability between TechnoDex Bhd time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 TechnoDex Bhd price movement. The serial correlation of 0.19 indicates that over 19.0% of current TechnoDex Bhd price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
TechnoDex Bhd lagged returns against current returns
Autocorrelation, which is TechnoDex 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 TechnoDex Bhd's stock expected returns. We can calculate the autocorrelation of TechnoDex Bhd returns to help us make a trade decision. For example, suppose you find that TechnoDex 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 |
TechnoDex 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 TechnoDex Bhd stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TechnoDex Bhd stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TechnoDex Bhd stock over time.
Current vs Lagged Prices |
| Timeline |
TechnoDex Bhd Lagged Returns
When evaluating TechnoDex Bhd's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TechnoDex Bhd stock have on its future price. TechnoDex 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, TechnoDex Bhd autocorrelation shows the relationship between TechnoDex Bhd stock current value and its past values and can show if there is a momentum factor associated with investing in TechnoDex 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 TechnoDex Stock
TechnoDex Bhd financial ratios help investors to determine whether TechnoDex 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 TechnoDex with respect to the benefits of owning TechnoDex Bhd security.