MClean Technologies (Malaysia) Market Value
| 0167 Stock | 0.24 0.02 7.69% |
| Symbol | MClean |
MClean Technologies '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 MClean Technologies' 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 MClean Technologies.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in MClean Technologies on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding MClean Technologies Bhd or generate 0.0% return on investment in MClean Technologies over 720 days. MClean Technologies is related to or competes with Minetech Resources, Sunzen Biotech, and ViTrox Bhd. More
MClean Technologies 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 MClean Technologies' 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 MClean Technologies Bhd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 17.24 | |||
| Value At Risk | (6.45) | |||
| Potential Upside | 7.69 |
MClean Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MClean Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MClean Technologies' standard deviation. In reality, there are many statistical measures that can use MClean Technologies historical prices to predict the future MClean Technologies' volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.44) | |||
| Total Risk Alpha | (0.96) | |||
| Treynor Ratio | (0.80) |
MClean Technologies Bhd Backtested Returns
MClean Technologies Bhd has Sharpe Ratio of -0.0771, which conveys that the company had a -0.0771% return per unit of risk over the last 3 months. MClean Technologies exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify MClean Technologies' Variance of 13.65, standard deviation of 3.69, and Mean Deviation of 2.41 to check out the risk estimate we provide. The firm secures a Beta (Market Risk) of 0.47, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, MClean Technologies' returns are expected to increase less than the market. However, during the bear market, the loss of holding MClean Technologies is expected to be smaller as well. At this point, MClean Technologies Bhd has a negative expected return of -0.25%. Please make sure to verify MClean Technologies' coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if MClean Technologies Bhd performance from the past will be repeated at some future point.
Auto-correlation | -0.72 |
Almost perfect reverse predictability
MClean Technologies Bhd has almost perfect reverse predictability. Overlapping area represents the amount of predictability between MClean Technologies time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 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 MClean Technologies Bhd price movement. The serial correlation of -0.72 indicates that around 72.0% of current MClean Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.72 | |
| Spearman Rank Test | -0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
MClean Technologies Bhd lagged returns against current returns
Autocorrelation, which is MClean Technologies 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 MClean Technologies' stock expected returns. We can calculate the autocorrelation of MClean Technologies returns to help us make a trade decision. For example, suppose you find that MClean Technologies 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 |
MClean Technologies 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 MClean Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MClean Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MClean Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
MClean Technologies Lagged Returns
When evaluating MClean Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MClean Technologies stock have on its future price. MClean Technologies 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, MClean Technologies autocorrelation shows the relationship between MClean Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in MClean Technologies 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 MClean Stock
MClean Technologies financial ratios help investors to determine whether MClean 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 MClean with respect to the benefits of owning MClean Technologies security.