Public Bank (Malaysia) Market Value
| 1295 Stock | 4.45 0.07 1.60% |
| Symbol | Public |
Public Bank '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 Public Bank'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 Public Bank.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Public Bank on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Public Bank Bhd or generate 0.0% return on investment in Public Bank over 30 days. Public Bank is related to or competes with Privasia Technology, ONETECH SOLUTIONS, Lysaght Galvanized, PMB Technology, Sunway Construction, Riverview Rubber, and Magni Tech. More
Public Bank 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 Public Bank'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 Public Bank Bhd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 9.31 | |||
| Value At Risk | (2.13) | |||
| Potential Upside | 2.34 |
Public Bank Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Public Bank's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Public Bank's standard deviation. In reality, there are many statistical measures that can use Public Bank historical prices to predict the future Public Bank's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.27) | |||
| Treynor Ratio | 0.6755 |
Public Bank Bhd Backtested Returns
Public Bank Bhd maintains Sharpe Ratio (i.e., Efficiency) of -0.027, which implies the firm had a -0.027% return per unit of risk over the last 3 months. Public Bank Bhd exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Public Bank's Risk Adjusted Performance of (0.02), coefficient of variation of (3,378), and Variance of 1.95 to confirm the risk estimate we provide. The company holds a Beta of -0.076, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Public Bank are expected to decrease at a much lower rate. During the bear market, Public Bank is likely to outperform the market. At this point, Public Bank Bhd has a negative expected return of -0.0366%. Please make sure to check Public Bank's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Public Bank Bhd performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.32 |
Poor reverse predictability
Public Bank Bhd has poor reverse predictability. Overlapping area represents the amount of predictability between Public Bank time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Public Bank Bhd price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current Public Bank price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | 0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Public Bank Bhd lagged returns against current returns
Autocorrelation, which is Public Bank 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 Public Bank's stock expected returns. We can calculate the autocorrelation of Public Bank returns to help us make a trade decision. For example, suppose you find that Public Bank 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 |
Public Bank 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 Public Bank stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Public Bank stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Public Bank stock over time.
Current vs Lagged Prices |
| Timeline |
Public Bank Lagged Returns
When evaluating Public Bank's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Public Bank stock have on its future price. Public Bank 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, Public Bank autocorrelation shows the relationship between Public Bank stock current value and its past values and can show if there is a momentum factor associated with investing in Public Bank 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 Public Stock
Public Bank financial ratios help investors to determine whether Public 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 Public with respect to the benefits of owning Public Bank security.