Coraza Integrated (Malaysia) Market Value
| 0240 Stock | 0.36 0.03 7.69% |
| Symbol | Coraza |
Coraza Integrated '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 Coraza Integrated'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 Coraza Integrated.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Coraza Integrated on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Coraza Integrated Technology or generate 0.0% return on investment in Coraza Integrated over 720 days. Coraza Integrated is related to or competes with Press Metal, PMB Technology, Pantech Group, CSC Steel, Southern Steel, and Malaysia Steel. More
Coraza Integrated 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 Coraza Integrated'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 Coraza Integrated Technology upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 10.13 | |||
| Value At Risk | (2.56) | |||
| Potential Upside | 5.0 |
Coraza Integrated Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Coraza Integrated's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Coraza Integrated's standard deviation. In reality, there are many statistical measures that can use Coraza Integrated historical prices to predict the future Coraza Integrated's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.45) | |||
| Treynor Ratio | (0.21) |
Coraza Integrated Backtested Returns
Coraza Integrated secures Sharpe Ratio (or Efficiency) of -0.11, which signifies that the company had a -0.11% return per unit of risk over the last 3 months. Coraza Integrated Technology exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Coraza Integrated's Mean Deviation of 1.77, risk adjusted performance of (0.03), and Standard Deviation of 2.5 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.6, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Coraza Integrated's returns are expected to increase less than the market. However, during the bear market, the loss of holding Coraza Integrated is expected to be smaller as well. At this point, Coraza Integrated has a negative expected return of -0.28%. Please make sure to confirm Coraza Integrated's information ratio, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Coraza Integrated performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.34 |
Below average predictability
Coraza Integrated Technology has below average predictability. Overlapping area represents the amount of predictability between Coraza Integrated time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 Coraza Integrated price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current Coraza Integrated price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | 0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Coraza Integrated lagged returns against current returns
Autocorrelation, which is Coraza Integrated 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 Coraza Integrated's stock expected returns. We can calculate the autocorrelation of Coraza Integrated returns to help us make a trade decision. For example, suppose you find that Coraza Integrated 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 |
Coraza Integrated 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 Coraza Integrated stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Coraza Integrated stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Coraza Integrated stock over time.
Current vs Lagged Prices |
| Timeline |
Coraza Integrated Lagged Returns
When evaluating Coraza Integrated's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Coraza Integrated stock have on its future price. Coraza Integrated 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, Coraza Integrated autocorrelation shows the relationship between Coraza Integrated stock current value and its past values and can show if there is a momentum factor associated with investing in Coraza Integrated Technology.
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 Coraza Stock
Coraza Integrated financial ratios help investors to determine whether Coraza 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 Coraza with respect to the benefits of owning Coraza Integrated security.