Melewar Industrial (Malaysia) Market Value
| 3778 Stock | 0.22 0.01 4.35% |
| Symbol | Melewar |
Melewar 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 Melewar 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 Melewar Industrial.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Melewar Industrial on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Melewar Industrial Group or generate 0.0% return on investment in Melewar Industrial over 30 days. Melewar Industrial is related to or competes with Pantech Group, Coraza Integrated, Choo Bee, and Eonmetall Group. More
Melewar 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 Melewar 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 Melewar Industrial Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 8.51 | |||
| Value At Risk | (4.00) | |||
| Potential Upside | 4.17 |
Melewar Industrial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Melewar Industrial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Melewar Industrial's standard deviation. In reality, there are many statistical measures that can use Melewar Industrial historical prices to predict the future Melewar Industrial's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.50) | |||
| Treynor Ratio | (0.40) |
Melewar Industrial Backtested Returns
Melewar Industrial has Sharpe Ratio of -0.11, which conveys that the firm had a -0.11% return per unit of risk over the last 3 months. Melewar Industrial exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Melewar Industrial's Risk Adjusted Performance of (0.05), standard deviation of 2.19, and Mean Deviation of 1.28 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.43, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Melewar Industrial's returns are expected to increase less than the market. However, during the bear market, the loss of holding Melewar Industrial is expected to be smaller as well. At this point, Melewar Industrial has a negative expected return of -0.24%. Please make sure to verify Melewar Industrial's jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if Melewar Industrial performance from the past will be repeated at some point in the near future.
Auto-correlation | -92,233,720,368,547,760 |
Near perfect reversele predictability
Melewar Industrial Group has near perfect reversele predictability. Overlapping area represents the amount of predictability between Melewar Industrial time series from 30th of October 2024 to 14th of November 2024 and 14th of November 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 Melewar Industrial price movement. The serial correlation of -9.223372036854776E16 indicates that 9.223372036854776E16% of current Melewar Industrial price fluctuation can be explain by its past prices.
| Correlation Coefficient | -92233.7 T | |
| Spearman Rank Test | 0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Melewar Industrial lagged returns against current returns
Autocorrelation, which is Melewar 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 Melewar Industrial's stock expected returns. We can calculate the autocorrelation of Melewar Industrial returns to help us make a trade decision. For example, suppose you find that Melewar 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 |
Melewar 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 Melewar Industrial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Melewar Industrial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Melewar Industrial stock over time.
Current vs Lagged Prices |
| Timeline |
Melewar Industrial Lagged Returns
When evaluating Melewar Industrial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Melewar Industrial stock have on its future price. Melewar 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, Melewar Industrial autocorrelation shows the relationship between Melewar Industrial stock current value and its past values and can show if there is a momentum factor associated with investing in Melewar Industrial Group.
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 Melewar Stock
Melewar Industrial financial ratios help investors to determine whether Melewar 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 Melewar with respect to the benefits of owning Melewar Industrial security.