Kluang Rubber (Malaysia) Market Value
| 2453 Stock | 5.57 0.27 4.62% |
| Symbol | Kluang |
Kluang Rubber '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 Kluang Rubber'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 Kluang Rubber.
| 08/31/2024 |
| 11/29/2024 |
If you would invest 0.00 in Kluang Rubber on August 31, 2024 and sell it all today you would earn a total of 0.00 from holding Kluang Rubber or generate 0.0% return on investment in Kluang Rubber over 90 days. Kluang Rubber is related to or competes with Icon Offshore, Press Metal, Binasat Communications, and Sports Toto. More
Kluang Rubber 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 Kluang Rubber'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 Kluang Rubber upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 5.4 | |||
| Value At Risk | (2.03) | |||
| Potential Upside | 2.42 |
Kluang Rubber Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kluang Rubber's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kluang Rubber's standard deviation. In reality, there are many statistical measures that can use Kluang Rubber historical prices to predict the future Kluang Rubber's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.28) | |||
| Treynor Ratio | (0.39) |
Kluang Rubber Backtested Returns
Kluang Rubber has Sharpe Ratio of -0.0621, which conveys that the firm had a -0.0621% return per unit of risk over the last 3 months. Kluang Rubber exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Kluang Rubber's Standard Deviation of 1.28, risk adjusted performance of (0.04), and Mean Deviation of 0.8337 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.23, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Kluang Rubber's returns are expected to increase less than the market. However, during the bear market, the loss of holding Kluang Rubber is expected to be smaller as well. At this point, Kluang Rubber has a negative expected return of -0.0793%. Please make sure to verify Kluang Rubber's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if Kluang Rubber performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.39 |
Below average predictability
Kluang Rubber has below average predictability. Overlapping area represents the amount of predictability between Kluang Rubber time series from 31st of August 2024 to 15th of October 2024 and 15th of October 2024 to 29th 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 Kluang Rubber price movement. The serial correlation of 0.39 indicates that just about 39.0% of current Kluang Rubber price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Kluang Rubber lagged returns against current returns
Autocorrelation, which is Kluang Rubber 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 Kluang Rubber's stock expected returns. We can calculate the autocorrelation of Kluang Rubber returns to help us make a trade decision. For example, suppose you find that Kluang Rubber 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 |
Kluang Rubber 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 Kluang Rubber stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kluang Rubber stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kluang Rubber stock over time.
Current vs Lagged Prices |
| Timeline |
Kluang Rubber Lagged Returns
When evaluating Kluang Rubber's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kluang Rubber stock have on its future price. Kluang Rubber 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, Kluang Rubber autocorrelation shows the relationship between Kluang Rubber stock current value and its past values and can show if there is a momentum factor associated with investing in Kluang Rubber.
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 Kluang Stock
Kluang Rubber financial ratios help investors to determine whether Kluang 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 Kluang with respect to the benefits of owning Kluang Rubber security.