Turiya Bhd (Malaysia) Market Value
| 4359 Stock | 0.26 0.02 7.14% |
| Symbol | Turiya |
Turiya 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 Turiya 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 Turiya Bhd.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Turiya Bhd on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Turiya Bhd or generate 0.0% return on investment in Turiya Bhd over 30 days. Turiya Bhd is related to or competes with MI Technovation, Minetech Resources, Sunzen Biotech, Hengyuan Refining, Impiana Hotels, AMMB Holdings, and Icon Offshore. More
Turiya 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 Turiya 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 Turiya Bhd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 27.01 | |||
| Value At Risk | (7.14) | |||
| Potential Upside | 7.69 |
Turiya Bhd Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Turiya Bhd's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Turiya Bhd's standard deviation. In reality, there are many statistical measures that can use Turiya Bhd historical prices to predict the future Turiya Bhd's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.90) | |||
| Treynor Ratio | 0.2449 |
Turiya Bhd Backtested Returns
Turiya Bhd owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0819, which indicates the firm had a -0.0819% return per unit of risk over the last 3 months. Turiya Bhd exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Turiya Bhd's Variance of 18.67, coefficient of variation of (1,781), and Risk Adjusted Performance of (0.03) to confirm the risk estimate we provide. The entity has a beta of -1.03, which indicates a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Turiya Bhd are expected to decrease slowly. On the other hand, during market turmoil, Turiya Bhd is expected to outperform it slightly. At this point, Turiya Bhd has a negative expected return of -0.35%. Please make sure to validate Turiya Bhd's jensen alpha, treynor ratio, and the relationship between the information ratio and total risk alpha , to decide if Turiya Bhd performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.31 |
Poor reverse predictability
Turiya Bhd has poor reverse predictability. Overlapping area represents the amount of predictability between Turiya Bhd 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 Turiya Bhd price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current Turiya Bhd price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Turiya Bhd lagged returns against current returns
Autocorrelation, which is Turiya 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 Turiya Bhd's stock expected returns. We can calculate the autocorrelation of Turiya Bhd returns to help us make a trade decision. For example, suppose you find that Turiya 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 |
Turiya 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 Turiya Bhd stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Turiya Bhd stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Turiya Bhd stock over time.
Current vs Lagged Prices |
| Timeline |
Turiya Bhd Lagged Returns
When evaluating Turiya Bhd's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Turiya Bhd stock have on its future price. Turiya 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, Turiya Bhd autocorrelation shows the relationship between Turiya Bhd stock current value and its past values and can show if there is a momentum factor associated with investing in Turiya Bhd.
Regressed Prices |
| Timeline |
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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 Turiya Stock
Turiya Bhd financial ratios help investors to determine whether Turiya 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 Turiya with respect to the benefits of owning Turiya Bhd security.