Radiant Globaltech (Malaysia) Market Value
| 0202 Stock | 0.35 0.01 2.94% |
| Symbol | Radiant |
Radiant Globaltech '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 Radiant Globaltech'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 Radiant Globaltech.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Radiant Globaltech on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Radiant Globaltech Bhd or generate 0.0% return on investment in Radiant Globaltech over 30 days. Radiant Globaltech is related to or competes with HeiTech Padu, and Lysaght Galvanized. More
Radiant Globaltech 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 Radiant Globaltech'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 Radiant Globaltech Bhd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 13.45 | |||
| Value At Risk | (2.94) | |||
| Potential Upside | 3.03 |
Radiant Globaltech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Radiant Globaltech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Radiant Globaltech's standard deviation. In reality, there are many statistical measures that can use Radiant Globaltech historical prices to predict the future Radiant Globaltech's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.43) | |||
| Treynor Ratio | 0.1943 |
Radiant Globaltech Bhd Backtested Returns
Radiant Globaltech Bhd maintains Sharpe Ratio (i.e., Efficiency) of -0.0086, which implies the firm had a -0.0086% return per unit of risk over the last 3 months. Radiant Globaltech Bhd exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Radiant Globaltech's Variance of 5.22, coefficient of variation of (3,919), and Risk Adjusted Performance of (0.01) to confirm the risk estimate we provide. The company holds a Beta of -0.35, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Radiant Globaltech are expected to decrease at a much lower rate. During the bear market, Radiant Globaltech is likely to outperform the market. At this point, Radiant Globaltech Bhd has a negative expected return of -0.0197%. Please make sure to check Radiant Globaltech's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Radiant Globaltech Bhd performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.41 |
Average predictability
Radiant Globaltech Bhd has average predictability. Overlapping area represents the amount of predictability between Radiant Globaltech time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 Radiant Globaltech Bhd price movement. The serial correlation of 0.41 indicates that just about 41.0% of current Radiant Globaltech price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | 0.9 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Radiant Globaltech Bhd lagged returns against current returns
Autocorrelation, which is Radiant Globaltech 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 Radiant Globaltech's stock expected returns. We can calculate the autocorrelation of Radiant Globaltech returns to help us make a trade decision. For example, suppose you find that Radiant Globaltech 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 |
Radiant Globaltech 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 Radiant Globaltech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Radiant Globaltech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Radiant Globaltech stock over time.
Current vs Lagged Prices |
| Timeline |
Radiant Globaltech Lagged Returns
When evaluating Radiant Globaltech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Radiant Globaltech stock have on its future price. Radiant Globaltech 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, Radiant Globaltech autocorrelation shows the relationship between Radiant Globaltech stock current value and its past values and can show if there is a momentum factor associated with investing in Radiant Globaltech 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 Radiant Stock
Radiant Globaltech financial ratios help investors to determine whether Radiant 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 Radiant with respect to the benefits of owning Radiant Globaltech security.