Binasat Communications (Malaysia) Market Value
| 0195 Stock | 0.21 0.01 4.55% |
| Symbol | Binasat |
Binasat Communications '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 Binasat Communications' 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 Binasat Communications.
| 12/04/2022 |
| 11/23/2024 |
If you would invest 0.00 in Binasat Communications on December 4, 2022 and sell it all today you would earn a total of 0.00 from holding Binasat Communications Bhd or generate 0.0% return on investment in Binasat Communications over 720 days. Binasat Communications is related to or competes with Minetech Resources, Sunzen Biotech, ViTrox Bhd, Hengyuan Refining, and Impiana Hotels. More
Binasat Communications 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 Binasat Communications' 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 Binasat Communications Bhd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 9.76 | |||
| Value At Risk | (4.55) | |||
| Potential Upside | 4.76 |
Binasat Communications Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Binasat Communications' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Binasat Communications' standard deviation. In reality, there are many statistical measures that can use Binasat Communications historical prices to predict the future Binasat Communications' volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.59) | |||
| Treynor Ratio | (0.36) |
Binasat Communications Backtested Returns
Binasat Communications secures Sharpe Ratio (or Efficiency) of -0.0417, which signifies that the company had a -0.0417% return per unit of risk over the last 3 months. Binasat Communications Bhd exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Binasat Communications' Risk Adjusted Performance of (0.04), standard deviation of 2.61, and Mean Deviation of 1.57 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.5, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Binasat Communications' returns are expected to increase less than the market. However, during the bear market, the loss of holding Binasat Communications is expected to be smaller as well. At this point, Binasat Communications has a negative expected return of -0.11%. Please make sure to confirm Binasat Communications' coefficient of variation, information ratio, total risk alpha, as well as the relationship between the standard deviation and jensen alpha , to decide if Binasat Communications performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.59 |
Good reverse predictability
Binasat Communications Bhd has good reverse predictability. Overlapping area represents the amount of predictability between Binasat Communications time series from 4th of December 2022 to 29th of November 2023 and 29th of November 2023 to 23rd 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 Binasat Communications price movement. The serial correlation of -0.59 indicates that roughly 59.0% of current Binasat Communications price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.59 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Binasat Communications lagged returns against current returns
Autocorrelation, which is Binasat Communications 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 Binasat Communications' stock expected returns. We can calculate the autocorrelation of Binasat Communications returns to help us make a trade decision. For example, suppose you find that Binasat Communications 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 |
Binasat Communications 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 Binasat Communications stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Binasat Communications stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Binasat Communications stock over time.
Current vs Lagged Prices |
| Timeline |
Binasat Communications Lagged Returns
When evaluating Binasat Communications' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Binasat Communications stock have on its future price. Binasat Communications 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, Binasat Communications autocorrelation shows the relationship between Binasat Communications stock current value and its past values and can show if there is a momentum factor associated with investing in Binasat Communications 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 Binasat Stock
Binasat Communications financial ratios help investors to determine whether Binasat 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 Binasat with respect to the benefits of owning Binasat Communications security.