Amalgamated Industrial (Malaysia) Market Value
| 2682 Stock | 0.13 0.02 18.18% |
| Symbol | Amalgamated |
Amalgamated Industrial '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 Amalgamated Industrial'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 Amalgamated Industrial.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Amalgamated Industrial on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Amalgamated Industrial Steel or generate 0.0% return on investment in Amalgamated Industrial over 30 days. Amalgamated Industrial is related to or competes with Minetech Resources, Sunzen Biotech, ViTrox Bhd, and Hengyuan Refining. More
Amalgamated Industrial 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 Amalgamated Industrial'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 Amalgamated Industrial Steel upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 11.24 | |||
| Information Ratio | 0.0333 | |||
| Maximum Drawdown | 48.7 | |||
| Value At Risk | (8.33) | |||
| Potential Upside | 10.0 |
Amalgamated Industrial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Amalgamated Industrial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Amalgamated Industrial's standard deviation. In reality, there are many statistical measures that can use Amalgamated Industrial historical prices to predict the future Amalgamated Industrial's volatility.| Risk Adjusted Performance | 0.0469 | |||
| Jensen Alpha | 0.1581 | |||
| Total Risk Alpha | (0.54) | |||
| Sortino Ratio | 0.0195 | |||
| Treynor Ratio | 0.1973 |
Amalgamated Industrial Backtested Returns
Amalgamated Industrial appears to be out of control, given 3 months investment horizon. Amalgamated Industrial secures Sharpe Ratio (or Efficiency) of 0.051, which signifies that the company had a 0.051% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Amalgamated Industrial Steel, which you can use to evaluate the volatility of the firm. Please makes use of Amalgamated Industrial's mean deviation of 3.24, and Risk Adjusted Performance of 0.0469 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Amalgamated Industrial holds a performance score of 4. The firm shows a Beta (market volatility) of 1.62, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Amalgamated Industrial will likely underperform. Please check Amalgamated Industrial's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Amalgamated Industrial's price patterns will revert.
Auto-correlation | 0.15 |
Insignificant predictability
Amalgamated Industrial Steel has insignificant predictability. Overlapping area represents the amount of predictability between Amalgamated Industrial time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 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 Amalgamated Industrial price movement. The serial correlation of 0.15 indicates that less than 15.0% of current Amalgamated Industrial price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Amalgamated Industrial lagged returns against current returns
Autocorrelation, which is Amalgamated Industrial 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 Amalgamated Industrial's stock expected returns. We can calculate the autocorrelation of Amalgamated Industrial returns to help us make a trade decision. For example, suppose you find that Amalgamated Industrial 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 |
Amalgamated Industrial 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 Amalgamated Industrial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Amalgamated Industrial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Amalgamated Industrial stock over time.
Current vs Lagged Prices |
| Timeline |
Amalgamated Industrial Lagged Returns
When evaluating Amalgamated Industrial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Amalgamated Industrial stock have on its future price. Amalgamated Industrial 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, Amalgamated Industrial autocorrelation shows the relationship between Amalgamated Industrial stock current value and its past values and can show if there is a momentum factor associated with investing in Amalgamated Industrial Steel.
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 Amalgamated Stock
Amalgamated Industrial financial ratios help investors to determine whether Amalgamated 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 Amalgamated with respect to the benefits of owning Amalgamated Industrial security.