Carlsberg Brewery (Malaysia) Market Value
| 2836 Stock | 20.80 0.08 0.39% |
| Symbol | Carlsberg |
Carlsberg Brewery '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 Carlsberg Brewery'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 Carlsberg Brewery.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Carlsberg Brewery on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Carlsberg Brewery Malaysia or generate 0.0% return on investment in Carlsberg Brewery over 30 days. Carlsberg Brewery is related to or competes with Tex Cycle, PIE Industrial, Icon Offshore, Sports Toto, Southern Steel, and Senheng New. More
Carlsberg Brewery 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 Carlsberg Brewery'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 Carlsberg Brewery Malaysia upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9864 | |||
| Information Ratio | 0.0233 | |||
| Maximum Drawdown | 6.54 | |||
| Value At Risk | (1.22) | |||
| Potential Upside | 1.66 |
Carlsberg Brewery Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Carlsberg Brewery's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Carlsberg Brewery's standard deviation. In reality, there are many statistical measures that can use Carlsberg Brewery historical prices to predict the future Carlsberg Brewery's volatility.| Risk Adjusted Performance | 0.1121 | |||
| Jensen Alpha | 0.11 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.0248 | |||
| Treynor Ratio | 0.541 |
Carlsberg Brewery Backtested Returns
As of now, Carlsberg Stock is very steady. Carlsberg Brewery secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the company had a 0.14% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Carlsberg Brewery Malaysia, which you can use to evaluate the volatility of the firm. Please confirm Carlsberg Brewery's Downside Deviation of 0.9864, mean deviation of 0.7827, and Risk Adjusted Performance of 0.1121 to double-check if the risk estimate we provide is consistent with the expected return of 0.15%. Carlsberg Brewery has a performance score of 11 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.26, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Carlsberg Brewery's returns are expected to increase less than the market. However, during the bear market, the loss of holding Carlsberg Brewery is expected to be smaller as well. Carlsberg Brewery right now shows a risk of 1.04%. Please confirm Carlsberg Brewery jensen alpha, sortino ratio, and the relationship between the standard deviation and total risk alpha , to decide if Carlsberg Brewery will be following its price patterns.
Auto-correlation | 0.77 |
Good predictability
Carlsberg Brewery Malaysia has good predictability. Overlapping area represents the amount of predictability between Carlsberg Brewery time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Carlsberg Brewery price movement. The serial correlation of 0.77 indicates that around 77.0% of current Carlsberg Brewery price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Carlsberg Brewery lagged returns against current returns
Autocorrelation, which is Carlsberg Brewery 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 Carlsberg Brewery's stock expected returns. We can calculate the autocorrelation of Carlsberg Brewery returns to help us make a trade decision. For example, suppose you find that Carlsberg Brewery 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 |
Carlsberg Brewery 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 Carlsberg Brewery stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Carlsberg Brewery stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Carlsberg Brewery stock over time.
Current vs Lagged Prices |
| Timeline |
Carlsberg Brewery Lagged Returns
When evaluating Carlsberg Brewery's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Carlsberg Brewery stock have on its future price. Carlsberg Brewery 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, Carlsberg Brewery autocorrelation shows the relationship between Carlsberg Brewery stock current value and its past values and can show if there is a momentum factor associated with investing in Carlsberg Brewery Malaysia.
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 Carlsberg Stock
Carlsberg Brewery financial ratios help investors to determine whether Carlsberg 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 Carlsberg with respect to the benefits of owning Carlsberg Brewery security.