Inari Amertron (Malaysia) Market Value
| 0166 Stock | 2.76 0.09 3.16% |
| Symbol | Inari |
Inari Amertron '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 Inari Amertron'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 Inari Amertron.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Inari Amertron on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Inari Amertron Bhd or generate 0.0% return on investment in Inari Amertron over 720 days. Inari Amertron is related to or competes with Kossan Rubber, Kluang Rubber, Rubberex M, Binasat Communications, and PIE Industrial. More
Inari Amertron 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 Inari Amertron'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 Inari Amertron Bhd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 11.8 | |||
| Value At Risk | (3.77) | |||
| Potential Upside | 3.47 |
Inari Amertron Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Inari Amertron's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Inari Amertron's standard deviation. In reality, there are many statistical measures that can use Inari Amertron historical prices to predict the future Inari Amertron's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (0.54) | |||
| Treynor Ratio | (0.19) |
Inari Amertron Bhd Backtested Returns
Inari Amertron Bhd holds Efficiency (Sharpe) Ratio of -0.0878, which attests that the entity had a -0.0878% return per unit of risk over the last 3 months. Inari Amertron Bhd exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Inari Amertron's Risk Adjusted Performance of (0.04), standard deviation of 2.3, and Market Risk Adjusted Performance of (0.18) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.81, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Inari Amertron's returns are expected to increase less than the market. However, during the bear market, the loss of holding Inari Amertron is expected to be smaller as well. At this point, Inari Amertron Bhd has a negative expected return of -0.2%. Please make sure to check out Inari Amertron's market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to decide if Inari Amertron Bhd performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.21 |
Weak predictability
Inari Amertron Bhd has weak predictability. Overlapping area represents the amount of predictability between Inari Amertron time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd of December 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 Inari Amertron Bhd price movement. The serial correlation of 0.21 indicates that over 21.0% of current Inari Amertron price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Inari Amertron Bhd lagged returns against current returns
Autocorrelation, which is Inari Amertron 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 Inari Amertron's stock expected returns. We can calculate the autocorrelation of Inari Amertron returns to help us make a trade decision. For example, suppose you find that Inari Amertron 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 |
Inari Amertron 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 Inari Amertron stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Inari Amertron stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Inari Amertron stock over time.
Current vs Lagged Prices |
| Timeline |
Inari Amertron Lagged Returns
When evaluating Inari Amertron's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Inari Amertron stock have on its future price. Inari Amertron 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, Inari Amertron autocorrelation shows the relationship between Inari Amertron stock current value and its past values and can show if there is a momentum factor associated with investing in Inari Amertron 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 Inari Stock
Inari Amertron financial ratios help investors to determine whether Inari 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 Inari with respect to the benefits of owning Inari Amertron security.