MISC Bhd (Malaysia) Market Value
| 3816 Stock | 7.55 0.01 0.13% |
| Symbol | MISC |
MISC Bhd '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 MISC Bhd'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 MISC Bhd.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in MISC Bhd on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding MISC Bhd or generate 0.0% return on investment in MISC Bhd over 30 days. MISC Bhd is related to or competes with BP Plastics, Greatech Technology, Daya Materials, Lotte Chemical, Riverview Rubber, and Diversified Gateway. More
MISC Bhd 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 MISC Bhd'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 MISC Bhd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 6.56 | |||
| Value At Risk | (2.19) | |||
| Potential Upside | 1.67 |
MISC Bhd Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MISC Bhd's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MISC Bhd's standard deviation. In reality, there are many statistical measures that can use MISC Bhd historical prices to predict the future MISC Bhd's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.36) | |||
| Treynor Ratio | (0.63) |
MISC Bhd Backtested Returns
MISC Bhd has Sharpe Ratio of -0.14, which conveys that the firm had a -0.14% return per unit of standard deviation over the last 3 months. MISC Bhd exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify MISC Bhd's Risk Adjusted Performance of (0.10), market risk adjusted performance of (0.62), and Mean Deviation of 0.9223 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.31, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, MISC Bhd's returns are expected to increase less than the market. However, during the bear market, the loss of holding MISC Bhd is expected to be smaller as well. At this point, MISC Bhd has a negative expected return of -0.18%. Please make sure to verify MISC Bhd's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if MISC Bhd performance from the past will be repeated at future time.
Auto-correlation | -0.66 |
Very good reverse predictability
MISC Bhd has very good reverse predictability. Overlapping area represents the amount of predictability between MISC Bhd 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 MISC Bhd price movement. The serial correlation of -0.66 indicates that around 66.0% of current MISC Bhd price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.66 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
MISC Bhd lagged returns against current returns
Autocorrelation, which is MISC Bhd 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 MISC Bhd's stock expected returns. We can calculate the autocorrelation of MISC Bhd returns to help us make a trade decision. For example, suppose you find that MISC Bhd 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 |
MISC Bhd 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 MISC Bhd stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MISC Bhd stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MISC Bhd stock over time.
Current vs Lagged Prices |
| Timeline |
MISC Bhd Lagged Returns
When evaluating MISC Bhd's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MISC Bhd stock have on its future price. MISC Bhd 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, MISC Bhd autocorrelation shows the relationship between MISC Bhd stock current value and its past values and can show if there is a momentum factor associated with investing in MISC 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 MISC Stock
MISC Bhd financial ratios help investors to determine whether MISC 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 MISC with respect to the benefits of owning MISC Bhd security.