Greatech Technology (Malaysia) Market Value
| 0208 Stock | 2.12 0.07 3.41% |
| Symbol | Greatech |
Greatech Technology '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 Greatech Technology'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 Greatech Technology.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Greatech Technology on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Greatech Technology Bhd or generate 0.0% return on investment in Greatech Technology over 510 days. Greatech Technology is related to or competes with Genetec Technology, and PIE Industrial. More
Greatech Technology 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 Greatech Technology'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 Greatech Technology Bhd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 13.85 | |||
| Value At Risk | (4.19) | |||
| Potential Upside | 4.08 |
Greatech Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Greatech Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Greatech Technology's standard deviation. In reality, there are many statistical measures that can use Greatech Technology historical prices to predict the future Greatech Technology's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.28) | |||
| Total Risk Alpha | (0.64) | |||
| Treynor Ratio | (0.45) |
Greatech Technology Bhd Backtested Returns
Greatech Technology Bhd holds Efficiency (Sharpe) Ratio of -0.038, which attests that the entity had a -0.038% return per unit of risk over the last 3 months. Greatech Technology Bhd exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Greatech Technology's Risk Adjusted Performance of (0.05), market risk adjusted performance of (0.44), and Standard Deviation of 2.66 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.5, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Greatech Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Greatech Technology is expected to be smaller as well. At this point, Greatech Technology Bhd has a negative expected return of -0.1%. Please make sure to check out Greatech Technology's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Greatech Technology Bhd performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.52 |
Good reverse predictability
Greatech Technology Bhd has good reverse predictability. Overlapping area represents the amount of predictability between Greatech Technology time series from 5th of July 2023 to 16th of March 2024 and 16th of March 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 Greatech Technology Bhd price movement. The serial correlation of -0.52 indicates that about 52.0% of current Greatech Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.52 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Greatech Technology Bhd lagged returns against current returns
Autocorrelation, which is Greatech Technology 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 Greatech Technology's stock expected returns. We can calculate the autocorrelation of Greatech Technology returns to help us make a trade decision. For example, suppose you find that Greatech Technology 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 |
Greatech Technology 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 Greatech Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Greatech Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Greatech Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Greatech Technology Lagged Returns
When evaluating Greatech Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Greatech Technology stock have on its future price. Greatech Technology 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, Greatech Technology autocorrelation shows the relationship between Greatech Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Greatech Technology 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 Greatech Stock
Greatech Technology financial ratios help investors to determine whether Greatech 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 Greatech with respect to the benefits of owning Greatech Technology security.