Eversafe Rubber (Malaysia) Market Value
| 0190 Stock | 0.14 0.02 12.50% |
| Symbol | Eversafe |
Eversafe Rubber '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 Eversafe Rubber'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 Eversafe Rubber.
| 09/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Eversafe Rubber on September 27, 2024 and sell it all today you would earn a total of 0.00 from holding Eversafe Rubber Bhd or generate 0.0% return on investment in Eversafe Rubber over 60 days. Eversafe Rubber is related to or competes with Minetech Resources, Sunzen Biotech, ViTrox Bhd, and Hengyuan Refining. More
Eversafe Rubber 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 Eversafe Rubber'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 Eversafe Rubber Bhd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 16.99 | |||
| Value At Risk | (5.88) | |||
| Potential Upside | 5.88 |
Eversafe Rubber Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eversafe Rubber's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eversafe Rubber's standard deviation. In reality, there are many statistical measures that can use Eversafe Rubber historical prices to predict the future Eversafe Rubber's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.38) | |||
| Total Risk Alpha | (0.96) | |||
| Treynor Ratio | 1.63 |
Eversafe Rubber Bhd Backtested Returns
Eversafe Rubber Bhd secures Sharpe Ratio (or Efficiency) of -0.0974, which denotes the company had a -0.0974% return per unit of risk over the last 3 months. Eversafe Rubber Bhd exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Eversafe Rubber's Standard Deviation of 3.56, mean deviation of 2.09, and Variance of 12.64 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.25, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Eversafe Rubber are expected to decrease at a much lower rate. During the bear market, Eversafe Rubber is likely to outperform the market. At this point, Eversafe Rubber Bhd has a negative expected return of -0.34%. Please make sure to confirm Eversafe Rubber's standard deviation, jensen alpha, and the relationship between the coefficient of variation and information ratio , to decide if Eversafe Rubber Bhd performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.23 |
Weak predictability
Eversafe Rubber Bhd has weak predictability. Overlapping area represents the amount of predictability between Eversafe Rubber time series from 27th of September 2024 to 27th of October 2024 and 27th of October 2024 to 26th 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 Eversafe Rubber Bhd price movement. The serial correlation of 0.23 indicates that over 23.0% of current Eversafe Rubber price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Eversafe Rubber Bhd lagged returns against current returns
Autocorrelation, which is Eversafe Rubber 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 Eversafe Rubber's stock expected returns. We can calculate the autocorrelation of Eversafe Rubber returns to help us make a trade decision. For example, suppose you find that Eversafe Rubber 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 |
Eversafe Rubber 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 Eversafe Rubber stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eversafe Rubber stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eversafe Rubber stock over time.
Current vs Lagged Prices |
| Timeline |
Eversafe Rubber Lagged Returns
When evaluating Eversafe Rubber's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eversafe Rubber stock have on its future price. Eversafe Rubber 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, Eversafe Rubber autocorrelation shows the relationship between Eversafe Rubber stock current value and its past values and can show if there is a momentum factor associated with investing in Eversafe Rubber 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 Eversafe Stock
Eversafe Rubber financial ratios help investors to determine whether Eversafe 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 Eversafe with respect to the benefits of owning Eversafe Rubber security.